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Digital economy has become an important driver of high quality economic development in Jiaxing, East China's Zhejiang province, local media reported on March 12.

In 2019, the growth rate of the added value of the digital manufacturing industry and the number of 5G stations in the city ranked the first in Zhejiang.

Statistics from the Jiaxing Municipal Bureau of Economy and Information Technology show that core digital economy industries above designated size generated 178.64 billion yuan ($25.46 billion) in operation revenue, a year-on-year increase of 17.2 percent, the second fastest growth rate in Zhejiang.

The digital manufacturing industry is a core digital economy industry in Jiaxing. Last year, the growth rate of the industry's added value in the city led Zhejiang with a yearly increase of 17.7 percent, 3.4 percentage points higher than the provincial average.

The added value of the digital manufacturing industry above designated size in Jiaxing totaled 33.74 billion yuan in 2019, which accounted for 16.2 percent of the total industrial added value in the city, 3.6 percentage points higher than the figure in 2018.

In 2019, Jiaxing was home to 24 digital manufacturing companies worth more than one billion yuan, whose production value accounted for more than 70 percent of the total production value of the digital manufacturing industry in the city.

The digital manufacturing companies in Jiaxing invested 10.12 billion yuan in integrated circuits, intelligent hardware and display screens last year, including 112 projects worth more than 100 million yuan, 19 projects worth more than one billion yuan and two projects worth over 10 billion yuan.

The added value of the digital manufacturing industry above designated size in Jiaxing totals 33.74 billion yuan in 2019, accounting for 16.2 percent of the total industrial added value in the city. [Photo/WeChat account: jxfabu]