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Hangzhou Bay New District tops city’s GDP growth rate in first half of year

From January to June, Hangzhou Bay achieved a year-on-year GDP growth of 3.4%, ranking first in the city. Its fixed asset investment increased by 15.1% year-on-year, ranking second. Also, its value added of service industry increased by 11.7% year-on-year, ranking first. It’s 52 industrial projects were introduced, with a total investment of 26.805 billion yuan, an increase of 101.75% year-on-year. This is the high score delivered by Hangzhou Bay New District in the first half of the year.

The Hangzhou Bay New District has taken the initiative to promote economic and social development in an integrated manner, fully implemented its tasks, and acted with extraordinary responsibility and strategies.

Precise policy focuses on saving and digging. By improving the service chain, opening up the industrial chain and enhancing the value chain, the output value of the automobile industry in the first half of the year has reached 46.21 billion yuan, with a drop of 15.3 percentage points compared with the first quarter. In the first half of the year, the output value of the auto industry in the new area reached 46.21 billion yuan, a significant reduction of 15.3 percentage points from the first quarter. The

emphasis of digging out increments is to promote return. The first half of the new wholesale sales of 5 billion yuan, pulling GDP growth of 0.4 percentage points.       

With the two-wheel drive of large-scale financing and investment, Hangzhou Bay New District has achieved half-year red in high-quality development. Hangzhou Bay New District has created a new pattern of full staff investment promotion, actively exploring investment promotion methods such as cloud, industry-city linkage, business-led and enterprise-led investment. A number of high-quality projects have settled down smoothly. With an effective investment as the key grip for high-quality development, the New District has set the target of an annual fixed asset investment growth rate of more than 15% to ensure that construction starts in every season. In the first half of the year, 24 industrial projects with a total investment of RMB 27.9 billion were started intensively

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