Wuzhen's industrial output value rises 52.9%

Gross industrial output value at enterprises above the designated size in Wuzhen, Zhejiang province, reached 15.48 billion yuan ($2.32 billion) in the first three quarters, up 52.9 percent year-on-year.

The figures cover industrial enterprises with annual revenue from their main business of at least 20 million yuan.

As Wuzhen prepares to host the annual World Internet Conference Wuzhen Summit, its digital economy is shifting from expansion in scale toward improvements in both quality and efficiency. The town has attracted 185 major projects over the past five years.

Local robotics companies stepped up their expansion into international markets in the first three quarters, helping drive a 67 percent year-on-year increase in the value of Wuzhen's exports.

Source: ezhejiang.gov.cn