A panoramic view of the Qidong Marine Engineering and Shipbuilding Industrial Park. [Photo/ntfabu.com]

During the first three quarters this year, Qidong – a county-level city administered by Nantong in East China's Jiangsu province – achieved stable development in industry.

The industrial output value exceeded 78.6 billion yuan ($12.3 billion), with a year-on-year growth of 30.6 percent over the same period last year, ranking second among Nantong's administrative regions. The industrial taxable sales were valued at 92.6 billion yuan, up 39.3 percent year on year, making it rank first in Nantong.

The leading industries in Qidong burgeoned during the Jan-Sept period. The port-centered industries continue to grow, especially the subordinate industries of marine engineering and shipbuilding, new energy and associated equipment, and harbour machinery. The Jan-Sept industrial taxable sales totaled 44.8 billion yuan, up 62.3 percent year on year.

The traditional characteristic industries such as electric tool and high-end machinery equipment have continuously developed towards higher level, intelligentization and low carbon, with industrial taxable sales of 21.3 billion yuan, a year-on-year increase of 39 percent in the first nine months of 2021.

The two major emerging industries – electronic information and semiconductors, life science and health – have accelerated the development pace, and striven to expand its national influence. The industrial taxable sales in the first three quarters exceeded 12 billion yuan, up 9 percent over the same period last year.