Baoji's industrial production rises rapidly

Since the beginning of this year, confidence in the industrial market above designated size in Baoji has increased and production has continued to grow rapidly. From January to April, the total industrial output value of industrial enterprises above designated size in the city has completed a total of 34.767 billion yuan, an increase of 26.1%; realized industrial added value of 11.79 billion yuan, an increase of 18.1%.
According to the analysis of relevant persons from the City, Industry and Information Industry Bureau, the rapid development of the equipment manufacturing industry laid the foundation for Baoji's rapid industrial growth. Affected by the country’s revitalization industrial planning policy, Baoji’s equipment manufacturing industry saw a significant increase in production. From January to April, the total industrial output value was RMB 12 billion, an increase of 29.2%, which contributed to an increase of 9.9 percentage points in Baoji’s industrial production, and an increase in industrial production above designated size. The contribution rate reached 37.9%. In particular, the transportation equipment manufacturing industry represented by Shaanxi Automobile Group and Fast Company, and the general equipment manufacturing industry represented by Qinchuan Machine Tools Group have a strong growth momentum. The equipment manufacturing industry succeeded in replacing the metallurgical industry and successfully prevented the significant fluctuations in the industrial economy of Baoji City. Since the beginning of this year, the trend of macroeconomic stability has been further improved. Baosteel Group, with a large production scale of large enterprises and groups, has the highest growth rate in industrial output value, which has increased by 166.2%. In January-April, large industrial conglomerates accumulated a total industrial output value of 18.364 billion yuan, accounting for more than half of the total industrial output value above designated size, and contributed 45.7% to the growth of industrial production. In addition, the low base last year is also one of the reasons for the rapid growth this year. In the same period of last year, Baoji City Industrial Department was in a period of serious financial crisis and production was in a low-speed period. Among the 528 large-scale industrial enterprises in the city, the production of 180 enterprises declined. This year, the production status of enterprises has improved greatly. Two-thirds of the 180 companies that had been declining last year have already experienced a two-thirds increase in production growth. From January to April, of the 37 major industrial products monitored statistically, there were 31 types of output that had grown over the same period of last year. Among them, the output growth of high and low voltage switchboards, CNC machine tools, metal cutting machine tools, and other industrial products such as sulfuric acid are all over 1 times.
As the macroeconomic stability became more positive, the business confidence increased. A survey conducted by the Baoji Survey Team of the National Bureau of Statistics found that the city’s entrepreneur confidence index and corporate business climate index both climbed to the highest level since the financial crisis.

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