TEDA’s Industrial Output Value Above Designated Size Increases by 8% y-o-y in May
In May, Tianjin Economic-Technological Development Area (TEDA) continued to show positive trends in industrial production, with the total industrial output value above designated size reaching 45.93 billion yuan, an increase of 8.0% year-on-year.
The industrial value added steadily increased, with a year-on-year growth of 14.9% in May, accelerating by 11.6 percentage points compared to April.
The overall industrial operation remained favorable, as 20 out of the 33 major industrial sectors in TEDA achieved growth, accounting for 60.6% of the total sectors. Among them, 13 sectors achieved double-digit growth.
The automobile industry maintained rapid growth, with a year-on-year increase of 55.3% in the value added of automobile manufacturing and a production of 68,000 vehicles, a growth of 65.0% compared to the same period last year.
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