During Jan. -- Oct. this year, the output value of industrial enterprises above designated size in Yiwu reached CNY 127.66 billion, up 9.5% year on year, and the added value of industrial enterprises above designated size was CNY 27.36 billion, increasing by 12% year on year and rising by 0.2 percentage point compared with the previous three quarters. Specifically, the growth rate of added value has remained the top among the “Top 17” counties (cities and districts) in the province for three consecutive months, demonstrating the strong momentum and continuous resilience of Yiwu’s industrial economy.

“At present, the city is formulating the 15th Five-Year Plan for the High-quality Development of Manufacturing Industry, focusing on building a ‘4+4+X’ industrial system. The first ‘4’ refers to four emerging industries: new energy vehicles and parts, new semiconductors, electro-optic displays, and medical health. The second ‘4’ refers to four traditional characteristic industries: textile and apparel, cosmetics, printing and packaging, and fashionable daily necessities. At the same time, it is closely following the cutting-edge hot fields such as intelligent terminals and low-altitude economy to lay out new growth engines for the future,” a relevant person in charge from the Municipal Bureau of Economy and Information Technology said, “By continuously boosting the transformation and upgrading of traditional industries and expediting the take-off of emerging industries, we aim to consolidate the leading position of the city’s industrial economy and contribute to building Yiwu into a global innovation source and a model of ‘Intelligent Manufacturing in China’.”