Central China's industrial economy maintains steady growth

Nanyang's Municipal Development and Reform Commission, in Henan province reports that the city's industrial economy maintained its growth in 2015 with added value output of certain enterprises showing 9.5-percent growth in the Jan-May period, or 1.2-percentage points above the provincial average.

The city's economic performance showed the following characteristics:

1. Traditional industries backed the economic development, with textiles, stone, jade carvings, and automobiles maintaining double-digit growth.

2. New enterprises added production capacity, with 75 new companies starting and 295 doing upgrades this year.

3. High-tech and rapidly growing industries kept their momentum, with the six fastest growing ones - automobile manufacturing, electronics, equipment manufacturing, food, light industry and building materials -- seeing 12.5-percent year-on-year growth and high-tech industries up 20.7-percent year-on-year.

In addition, the Jan–May period saw steady growth in fixed asset investment, with total investment in the city amounting to 85.9-billion yuan ($13.8 billion), for 18.5-percent growth, putting the city in third place among other Henan cities.