Jiaxing's Economy Starts Strong with Broad-Based Industrial Growth

Deep News
04/27

On April 24, economic performance data for the first quarter was released in Jiaxing. Among 32 major industrial sectors, 25 achieved positive year-on-year growth in added value, representing a growth coverage of nearly 80%.

Industrial performance in Jiaxing during the first quarter showed a continuously consolidating "stable" trend and an accelerating "progressive" pace. From a sectoral perspective, industries including special-purpose equipment, non-metallic minerals, general-purpose equipment, electric power, and computer communications demonstrated relatively rapid growth in added value, with growth rates all exceeding 13%. Collectively, these sectors contributed over 70% to the growth in added value of industries above a designated size. Emerging industries also grew rapidly. In the first quarter, the added value of emerging sectors such as high-tech manufacturing, high-end equipment manufacturing, core digital economy manufacturing, and equipment manufacturing increased by 17.7%, 12.9%, 12.4%, and 11.9% respectively, all surpassing the average growth rate for industries above the designated size in the city.

Notably, the city's internet and related services, along with software and information technology services enterprises above the designated size, achieved operating revenue of 3.725 billion yuan, a year-on-year increase of 58.8%. This growth rate was 41.8 percentage points higher than the provincial average, ranking first in the province.

Behind these figures lies evidence that Jiaxing's manufacturing sector is navigating economic cycles, with its development resilience and vitality becoming increasingly apparent, thereby strengthening confidence in the economic recovery. An official from the Jiaxing Municipal Bureau of Economy and Information Technology analyzed that the near 80% growth coverage signifies not just a quantitative recovery but also a qualitative restructuring. This indicates that Jiaxing, a major industrial city, is responding to the call for "quality and efficiency improvement" with a more resilient and valuable posture, bolstering the foundation for high-quality development.

On April 26, at the data control center of Zhejiang Aerospace Hengjia Data Technology Co., Ltd., located in the Jiaxing Port Area, an AI digital avatar was presenting the daily number of sensor alarms and the handling rate for companies managing major hazard sources within the chemical industrial park. Simultaneously, the AI intelligent data querying module of the company's self-developed major safety risk prevention and control platform was automatically retrieving data from business systems and answering questions from duty personnel regarding platform alerts.

By 2025, this platform is set to be fully integrated with the DeepSeek large language model, equipping the smart chemical industrial park with a "most powerful brain" and setting an example for the national industry. This step represents the true empowerment of the chemical park's digital transformation by artificial intelligence. Currently, basic data and online monitoring data from 51 enterprises in the Jiaxing Port Area Chemical Park have been fully integrated into the platform's intelligent data querying and Q&A scenarios, achieving an intelligent upgrade in park risk prevention, control, and decision support.

In the first quarter of this year, the company's output value increased by 117.4% year-on-year. Behind this high growth is Aerospace Hengjia's role as a high-quality development service provider for the China Chemical New Materials (Jiaxing) Park, continuously offering safer, more efficient, and smarter solutions to its clients. This year, the company plans to iteratively upgrade its system platform in line with new policy requirements and industry trends, update AI-related application scenarios, and plan the construction of three to four new business scenarios, allowing safety and intelligence to advance together.

The near 80% growth coverage stems from a "mutual reinforcement" between advantageous industries and new quality productive forces. Traditional industries are no longer seen as a "burden" but are being revitalized through technological upgrades, while emerging industries act as "dark horses," becoming engines for growth acceleration.

Jiaxing Qiniu Information Technology Co., Ltd., located in the Xiuzhou District, is a cloud-integrated AI service platform. Its clients include leading companies such as Nio and Kuaishou, indirectly covering over 95% of internet users in China by providing services like audio-video processing, large language models, and computing power inference. Since the headquarters of Qiniu Cloud's China operations settled in Jiaxing in March 2024, significant results have been achieved in business expansion, technological empowerment, and ecosystem co-development. The project successfully reached the "above designated size" threshold in the second month after commencing formal operations, indicating a vigorous development momentum.

Financial reports for 2025 show the company achieved revenue of 1.769 billion yuan, a year-on-year increase of 23.1%, with AI-related revenue reaching 437 million yuan, accounting for 24.7% of total revenue. This growth is underpinned by the company's continuous strengthening of its technological foundation and the accelerated implementation of its AI strategy. Its MPaaS platform provides over 3.6 billion minutes of audio-video playback services daily and processes more than 1.2 million minutes of audio-video content per day. Currently, the Qiniu Cloud platform has accumulated over 1.8 million registered developer users, with more than 160,000 developers having activated its large language model services.

Today, a group of enterprises characterized by high technological content, broad market prospects, and strong industrial driving capacity are propelling the quality and efficiency improvement of Jiaxing's industrial economy. The enhancement of this ecosystem provides entrepreneurs with the greatest confidence.

Industrial and technological innovation is deepening and solidifying, further stimulating growth potential. Jiaxing is focusing on resolving bottlenecks such as the insufficient number and service capacity of concept verification centers and pilot testing platforms, accelerating the layout and construction of a batch of such platforms to support the high-quality development of the city's manufacturing sector. The Zhejiang University Yangtze River Delta Smart Oasis Innovation Center and the Tsinghua Flexible Electronics Institute have been selected as among the first provincial-level pilot testing platforms and provincial-level concept verification centers, respectively.

The gradient cultivation of enterprises is undergoing a full-chain upgrade, further strengthening corporate capabilities. Jiaxing has issued the "Three-Year Action Plan for Accelerating the Attraction and Cultivation of High-Quality Enterprises in Jiaxing (2026-2028)", implementing a "One-Ten-Hundred-Thousand-Ten Thousand" cultivation plan. This plan breaks through the previous limitations of single-point cultivation focused solely on "Specialized, Refined, Unique, and New" enterprises, extending the cultivation scope further towards both ends to build a comprehensive growth chain system. This system covers all types of enterprises, from start-ups and small-micro entities to world-class leaders, achieving coordinated development between a "vast number" of smaller firms and "leading" large enterprises.

Behind the nearly 80% industrial growth lies Jiaxing's strategic adherence in recent years to a "project-first" approach. Since the beginning of this year, 11 out of 20 newly designated major provincial-level projects in Jiaxing have already commenced construction, with key projects like Fuda Co., Ltd. and Jiahua New Materials advancing intensively. The Municipal Bureau of Economy and Information Technology has facilitated the start of construction for 61 land-acquired projects, forming a tiered advancement pattern of "planning a batch, starting a batch, constructing a batch, and putting into operation a batch."

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