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In the first half of this year, the industrial output value of Liangjiang New Area has reached 220.70 billion yuan ($35.55 billion), according to the Liangjiang administrative committee.

During this period, Liangjiang has been working on strengthening three industrial clusters, namely, the automobile, electronic and equipment manufacturing industry.

In June, Beijing Hyundai Motor Co. began constructing a new plant in Liangjiang thanks to a 13 billion yuan investment fund. As the pilot industry of the new area, the automobile industry has experienced growth in recent years, while the production of auto accessories has also developed rapidly.

In terms of the high-tech industry, Liangjiang realized a total output value of 30.5 billion yuan. Additionally, Liangjiang has also made a big progress in industrial restructuring. Statistics show that in the first half of this year, Liangjiang has made an investment of 11 billion yuan on high-tech industry, accounting for 52 percent of the total industrial investment.

When asked about the development, Ling Yueming, director of the Liangjiang administrative committee pointed out that the new area will promote the construction progress of its 32 major projects.

Edited by Jacob Hooson