ZAEZ leads Henan in key economic indicator growth in 1st 3Qs

Source: dahe.cn | 2024-10-30 16:27

Since January, Zhengzhou Airport Economy Zone (ZAEZ) has been fully committed to boosting economic growth and promoting development. In the first three quarters, ZAEZ's economic performance showed robust and sustained improvements. The industrial sector experienced rapid growth, fixed-asset investment accelerated, the consumer market maintained steady expansion, and the service industry continued to thrive. Overall, its economy has demonstrated a strong and stable momentum, with continuous enhancements in quality.

In the first three quarters, ZAEZ saw its regional GDP, value added by industrial enterprises above designated size, fixed-asset investment, and other key economic indicators all ranking first in Henan in terms of growth rate. The regional GDP of ZAEZ reached 117.77 billion yuan, reflecting a year-on-year increase of 13.0%. Meanwhile, the value added from industrial output grew by 21.4% during the same period. Fixed-asset investment also experienced a significant rise, totaling 31.81 billion yuan, which marks a year-on-year growth of 10.2%. These impressive economic indicators, which lead the entire province, can be attributed to the pivotal role played by the secondary industries. In the first three quarters, the added value of the secondary industries in ZAEZ reached 91.29 billion yuan, an increase of 17.7% compared to the previous year. This sector contributed 103.5% to overall economic growth, boosting GDP growth by 13.4 percentage points.

Key industries have significantly contributed to driving growth in ZAEZ. In the first three quarters, the added value of the computer, communication, and other electronic equipment manufacturing industry increased by 8.6% year on year, contributing to a 7.7 percentage point growth in ZAEZ's value-added industrial output. Additionally, the automotive manufacturing industry experienced a remarkable year-on-year 2.5-fold increase in added value, leading to a 13.4 percentage point growth in the zone's value-added industrial output.

The cultivation of new productive forces has been noteworthy. In the first three quarters, ZAEZ witnessed significant growth in strategic emerging and high-tech industries, which accounted for 73.3 percent and 98.6 percent of the value-added industrial output, respectively. These new industries have shown robust growth, with the high-tech manufacturing sector in ZAEZ recording a 10.9 percent year-on-year increase in added value, contributing to a 9.8 percentage point growth in the overall value-added industrial output, with a contribution rate of 46.0 percent. Furthermore, high-tech industries experienced a 21.9 percent year-on-year increase in added value, surpassing the growth rate of the overall industrial output by 0.5 percentage points. This sector also brought about a 21.5 percentage point increase in the value-added industrial output, with a contribution rate of 100.6 percent. Similarly, strategic emerging industries reported a 10.2 percent year-on-year increase in added value, contributing to an 8.3 percentage point growth, with a contribution rate of 38.7 percent.

According to statistics from Zhengzhou Customs, the total value of imports and exports in ZAEZ for the first three quarters reached 239.27 billion yuan, accounting for 44.2 percent of the province's total.