In the first three quarters, 18 new projects were started and 35 new enterprises were put into production — project construction and production blossoming everywhere are converging into a strong driving force, pushing the new district to make a final sprint towards the goal of an annual industrial output value exceeding 100 billion yuan. According to the forecast of the New District Economic Development Bureau, the growth rates of major economic indicators in the new district in the first three quarters all exceeded 20%. Among them, the total industrial output value reached 68.84 billion yuan, a year-on-year increase of 25.1%; the output value of industrial enterprises above designated size was 53.71 billion yuan, a year-on-year increase of 27.3%; fixed asset investment reached 20.51 billion yuan, a year-on-year increase of 22%; total fiscal revenue reached 4.669 billion yuan, a year-on-year increase of 45.7%.

　　"As production capacity ramps up, the new district's automobile industry will release huge energy in the fourth quarter, ensuring the completion of the annual industrial output target of 100 billion yuan," said a staff member of the New District Economic Development Bureau. Shanghai Volkswagen can roll a complete vehicle off the line in less than a minute, with an annual output value expected to exceed 20 billion yuan, driving the new district's GDP growth by 10 percentage points; Geely Automobile, since the launch of the new Emgrand, has seen a hot market response, and its Hangzhou Bay manufacturing base is currently operating at full capacity.


　　At the construction sites of the Shanghai Volkswagen Ningbo Branch expansion project and the Huaqiang · Chinese Renaissance Cultural Park project, construction workers are working overtime to advance the projects. According to reports, among the four major workshops of the Shanghai Volkswagen expansion and Phase II project, the pile foundation work for the stamping workshop and the paint workshop has been completed; the Huaqiang project has completed an investment of over 160 million yuan, and 80% of the park's pile foundation work has been completed.

　　"Shanghai Volkswagen and Huaqiang, one is a representative of the new district's emerging industries, which will lead the new district to build a 100-billion-level automobile industry base; the other is a representative of the new district's modern service industry, an 'aircraft carrier-level' project in the new district's process of building a tourist destination with an annual visitor flow of over 10 million. In addition, in the industrial sector, 31 industrial projects including Cixing Computerized Flat Knitting Machines and Yifeng Stamping Parts have investments exceeding 100 million yuan; in the service sector, the Diaoyutai · MGM China Holiday project is progressing smoothly, and the Century Jinyuan · Dream Water World, built with an investment of 1.2 billion yuan, has opened for business." The main leaders of Hangzhou Bay New District stated that such parallel development well reflects the new district's development concept of integrating industry, city, and people in the process of building an international new urban area.