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

Henan Daily

Luoyang: Since January, Zhengzhou Airport Economic 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.

Since the beginning of this year, Zhengzhou Airport Economic Comprehensive Experimental Zone has gone all out to boost the economy and promote development. In the first three quarters, the zone’s industry maintained rapid growth, fixed asset investment accelerated, the consumer market maintained stable growth, the service industry continued to improve, and the economic operation showed a steady and strong trend with continuous quality improvement.

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.

It is understood that in the first three quarters, the growth rates of major economic indicators such as the district’s GDP, industrial added value above designated size, and fixed asset investment all ranked first in the province – the district’s GDP reached 117.77 billion yuan, a year-on-year increase of 13.0%; industrial added value above designated size increased by 21.4% year-on-year; and fixed asset investment reached 31.81 billion yuan, a year-on-year increase of 10.2%.

The growth rate of these major economic indicators leads the province, thanks to the secondary industry playing a supporting role. In the first three quarters of the year, the added value of the secondary industry in the district was 91.29 billion yuan, a year-on-year increase of 17.7%, and the contribution rate to economic growth was 103.5%, driving 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.

Key industries played a big role in driving growth. In the first three quarters, the added value of computer, communication and other electronic equipment manufacturing industry in Zhengzhou Airport increased by 8.6% year-on-year, driving the growth of industrial enterprises above designated size by 7.7 percentage points; the added value of automobile manufacturing industry increased by 2.5 times year-on-year, driving the growth of industrial enterprises above designated size by 13.4 percentage points.

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% and 98.6% 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% 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 %. Furthermore, high-tech industries experienced a 21.9% 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%. Similarly, strategic emerging industries reported a 10.2% year-on-year increase in added value, contributing to an 8.3 percentage point growth, with a contribution rate of 38.7%.

New quality productivity is cultivated and strengthened. In the first three quarters, the added value of strategic emerging industries and high-tech industries in Zhengzhou Airport accounted for 73.3% and 98.6% of the above-scale industries respectively. New industries maintained rapid growth. The added value of high-tech manufacturing in the whole district increased by 10.9% year-on-year, driving the growth of above-scale industries by 9.8 percentage points, with a contribution rate of 46.0%; the added value of high-tech industries increased by 21.9% year-on-year, 0.5 percentage points higher than the growth rate of added value of above-scale industries, driving the growth of above-scale industries by 21.5 percentage points, with a contribution rate of 100.6%; the added value of strategic emerging industries increased by 10.2% year-on-year, driving the growth of above-scale industries by 8.3 percentage points, with a contribution rate of 38.7%.

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% of the province’s total.

According to statistics from Zhengzhou Customs, in the first three quarters, the total value of Zhengzhou Airport’s foreign trade imports and exports reached 239.27 billion yuan, accounting for 44.2% of the province’s total. (Chinese source/Henan Daily reporter/Yang Ling Zhao Tongzeng Henan Daily all-media reporter Yang Yakun translation/Zhou Jinmiao intern/Liang Tian proofreading/Zhang Junping Zhao Hanqing)