Mubea Automotive Components Co Ltd in Taicang, a county-level city in East China's Jiangsu province. [Photo/WeChat account: tcfbgw]

From January to July, the combined output value of 1,161 industrial enterprises above designated size in Taicang, a county-level city in East China's Jiangsu province, was 173.03 billion yuan ($25.03 billion), a year-on-year increase of 3 percent, 2.1 percentage points higher than that in the first six months of this year. 

The combined output value of the 1,161 industrial enterprises in July alone was 28.21 billion yuan, up 13.4 percent year-on-year. 

One of the reasons behind the increase is that major enterprises have achieved remarkable growth. 

For example, the total output value of the city's top 100 enterprises hit 111.55 billion yuan in the same period, increasing 8.1 percent year-on-year, accounting for 64.5 percent of the total output value of industrial enterprises above designated size in the city. 

Thirty-two major enterprises, each with a cumulative output value of more than 1 billion yuan, generated a combined output value of 78.94 billion yuan during the period, an increase of 9.1 percent year-on-year. 

Another reason is that Taicang's four pillar industries – high-end equipment manufacturing, advanced materials, biomedicine and aerospace – achieved a cumulative output value of 131.18 billion yuan in the first seven months of this year, a year-on-year increase of 5.2 percent. 

The city's 180 auto spare parts enterprises above designated size generated a combined output value of 35.88 billion yuan in the same period, up 11.5 percent year-on-year. 

The third reason is that the city saw a huge increase in industrial investment. 

From January to July, the city saw industrial investment of 11 billion yuan. Industrial investment in July alone was 1.93 billion yuan. Meanwhile, investments into technological improvement was 4.75 billion yuan, a year-on-year increase of 9.5 percent.