According to the Putian Municipal Bureau of Industry and Information Technology, the CPC Putian Municipal Committee and Putian Municipal People’s Government have implemented targeted and precise measures to support the industry. Building on a strong start in the first quarter, the city’s industrial added value above designated size increased by 7.9% year-on-year in the first half of the year (H1). Industrial added value accounted for 38.7% of GDP, contributing 2.6 percentage points to GDP growth.

In the first half of this year, the city’s industrial production remained stable, with the output value of large-scale industries increasing by 5.4%. The sales-to-production ratio reached 97.3%, reflecting continued improvement in the alignment between production and sales. From the perspective of electricity consumption, the city’s industrial electricity usage increased by 5.3% (including pumped storage). Among this, the electricity consumption growth rate of industries above the designated size was 1.5 percentage points higher than the overall industrial electricity growth rate in the city.

Putian’s industrial structure continues to improve, with the added value of high-tech manufacturing and equipment manufacturing above the designated size increasing by 23.4% and 15.1% respectively, representing a rebound of 5.4 and 3.3 percentage points from the first quarter. The output value of the four strategic emerging industries accounted for 42.6% of the city’s total, 1.2 percentage points higher than the same period last year. Hengerda was honored as one of the “Top 50 Enterprises in China’s Light Industry Equipment Manufacturing Industry”. “Putian Shoes” and Sanfu Classical Craft-Furniture were both included in the Ministry of Industry and Information Technology’s first batch of “China Premium Consumer Brands”. Budweiser Sedrin was selected for the national list of World-Class Smart Factories.

In the first half of this year, industrial projects in Putian City have experienced rapid growth. Industrial investment grew by 7.9%, with both the growth rate of private investment and the completion & operational rate of private industrial projects ranking first in the province. A number of major manufacturing investment projects, including the Circular Green Low-Carbon Industrial Park and Giti Tire Phase II, have been signed and are now underway. 35 new projects have been included in the Ministry of Industry and Information Technology’s equipment renewal refinancing list. 11 industrial projects have received a total of RMB 230 million in support from various types of ultra-long-term special government bonds, ranking among the top in the province for securing national policy funding.

It is also worth noting that private enterprises in Putian are upgrading and moving towards innovation. In March this year, Putian City launched an innovative “110” service mechanism for enterprises to support and safeguard the development of private businesses. In the first half of the year, the industrial added value of all private industrial enterprises above the designated size in the city increased by 7.6%, contributing 74.8% to the growth of industries above the designated size. Private sector exports grew by 6.4%, 4.5 percentage points higher than the overall growth rate of the city’s foreign trade exports. The city has newly cultivated 3 national-level “Little Giant” private enterprises that use specialized and sophisticated technologies to produce novel and unique products, as well as 13 provincial-level green factories.

In addition, regional development remains stable and positive, with all 6 counties (districts/administrative committees) achieving positive growth in the industrial added value above the designated size. Among them, Xiuyu District achieved a comparable growth of 16.3%, contributing 40.8% to the overall growth of the city’s industries above the designated size, while Xianyou County saw a comparable growth of 10%, driving the city’s industrial growth above the designated size up by 2.1 percentage points. Chengxiang, Licheng, and Hanjiang districts remain stable with their indicators increasing gradually month by month.