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Pudong's industrial output exceeds trillion yuan in 2018

chinadaily.com.cn Updated: 2019-03-06

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Skyscrapers in Lujiazui financial district, Pudong New Area are seen shrouded in clouds in this drone image. [Photo provided to chinadaily.com.cn]

Shanghai's Pudong New Area, a shining symbol of China's modernization, recorded an annual industrial output above the designated scale last year of over 1 trillion yuan ($145.4 billion), up 0.6 percent from a year earlier.

Pudong leads production scale in Shanghai

In 2018, the special district topped the production scale in Shanghai and accounted for 29.6 percent among the 16 districts of the metropolis, according to the statistics from the district's Development and Reform Committee.

As strategic emerging industries are regarded as a new driving force for China's economic development, the output of which took up more than 40 percent of the total industrial output of Pudong, represented by the industries of new energy, high-end equipment, biomedicine, next generation information technology, new materials, new energy vehicles, and energy conservation and environmental protection.

The output of these strategic emerging industries registered at around 424.5 billion yuan in Pudong last year, up 3.8 percent from a year earlier.

The new energy, biomedicine, new energy vehicles, and energy conservation and environmental protection sectors reported a strong growth momentum, while the industrial output of next generation information technology accounted for 63.9 percent of the city's total, indicating the growing influence of some of the technology heavyweights such as Huawei and Nokia.

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