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The Industrial Output Value of Tianjin Port Free Trade Zone Increased by 0.9% in the First Three Quarters

Release date:2021-02-01    
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  •   Affected by the epidemic this year, the main economic indicators of Tianjin Port Free Trade Zone fell for a while. Since the second quarter, the industrial production in the Zone has accelerated its recovery. The monthly industrial output value achieved positive growth in April and such growth has been accelerated month by month; in July, the growth rate of the cumulative industrial output value turned from negative to positive.

      The good tendency of industrial recovery in the second quarter continued in the third quarter. The industrial electricity consumption and the number of workers in the Zone continued growing in the third quarter, and the industrial capacity utilization rate had returned to the level of the same period last year. In the first three quarters, the output value of industrial enterprises above designated size in the Zone increased by 0.9%, and major industries recovered steadily. Among these industries, the output value of the equipment manufacturing industry had a year-on-year increase of 8.2%. In particular, the development of medical equipment, offshore equipment, construction machinery and other industries accelerated, with double-digit growth of output value. Strategic emerging industries such as new energy vehicles, biomedicine, and new generation information technology developed rapidly, with output value increases of 50.9%, 39.0%, and 38.8% respectively. 60% of the enterprises above designated size had profit growth, and the profits had increased by 127.7% over the same period last year, showing significantly improved profitability of the enterprises.


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