Bao’an on list of districts with strong industrial strength
Bao’an muscled into the top 10 on a list that shows the industrial strength of China’s top 100 district-level administrative regions.
Three of Shenzhen’s districts made it into the list of the 2018 top 100 districts with strong industrial strength of China, which was released in Beijing last month. Longgang came in first, Nanshan was ranked third and Bao’an placed sixth alongside Huangpu District of Guangzhou, which was second, and the Shunde and Nanhai districts of Foshan, which took the fourth and fifth places respectively on the list.
Employees assemble consumer robots for use inside and outside of the home at a Bao’an-based technology company that specializes in autonomous robots. Bao’an muscled into the top 10 on a list that shows the industrial strength of China’s top 100 district-level administrative regions. Wu Kaifeng
Bao’an managed to break into the top 10 when the list was first published a year ago, taking ninth place, and Longgang ranked second. While Longgang was crowned this year’s champion, Bao’an moved up three places from ninth to sixth in the ranking.
The majority of the entrants of this year’s top 100 districts with strong industrial strength are from four coastal provinces: Guangdong, Jiangsu, Shandong and Zhejiang, which are four of China’s most economically dynamic areas, with a total of 67 districts on the list.
Districts from Guangdong and eastern China’s Jiangsu Province edged out those from other parts of the country to take the lead, according to the list.
Official figures showed that Bao’an’s gross domestic product was 266.80 billion yuan (US$38.66 billion) in the first three quarters of this year, ranking the district fourth in Shenzhen, while Longgang’s gross domestic product expanded 11 percent year on year to 310.01 billion yuan during the same period and placed second in the city.
Bao’an’s economic growth accelerated quarter by quarter this year, according to official figures. From January to September, the district’s industrial enterprises above a designated size yielded a total output value of 528.5 billion yuan, ranking second in the city.
The district’s fixed-asset investment reached 76.7 billion yuan, up 28.1 percent compared with the same period last year, while industrial investment amounted to 5.5 billion yuan, coming in second in the city.
Bao’an Party chief Yao Ren said that for the rest of the year, the district will continue to improve trunk roads and accelerate the construction of key projects like “Internet +” Future Science and Technology City, Happy Harbor, and upgrading six old industrial areas, including Xinqiao and Longwangmiao.