Industrial economy gains traction in Huzhou

chinadaily.com.cn | Updated: Jun 2, 2021

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A workshop in Huzhou, East China's Zhejiang province. [Photo/hz66.com]

Seamless tubes manufactured by Zhejiang Shuangyin Special Materials Technology Co Ltd in Huzhou's Nanxun district were recently loaded onto trucks bound for cities across the nation. 

To date, the company's sales this year has exceeded 30 million yuan ($4.62 million). Currently, orders that it has received cannot be finished until October.

Shuangyin's development encapsulates Huzhou's industrial economy's robust growth momentum.

Official data show that the sales of industrial enterprises above designated size in Huzhou exceeded 186.4 billion yuan, up 46 percent year-on-year.

The Huzhou municipal bureau of economy and information technology said that that the city's industrial added value is expected to achieve a growth of about 23 percent in the first half of the year.

Their prediction has been fueled by positive factors ranging from recovering domestic consumption and soaring orders from overseas for textiles, clothing, as well as electric and mechanical products to the rapid rate of construction in the city.

From January to April, 181 industrial projects worth more than 100 million yuan were completed in Huzhou. 

Among them were the gearbox factory invested by Geely with 8.6 billion yuan and the aluminum alloy factory which had a 5.5 billion yuan investment from Wepon Group.