Industrial economy in Xianyang city has rebounded

In response to the financial crisis, Xiyang has implemented a series of policies and measures to ensure industrial growth. As a result, the city's industrial economy has shown good development trend. According to statistics, by the end of May, there are 515 large industrial enterprises in the city, an increase of 74. They made 32.62 billion yuan in industrial output value, 11.041 billion yuan in industrial added value, an increase of 12.4% and 12.9% respectively from last year.

Affected by the international financial crisis, electronic information, textile and apparel, petroleum, and coal industries have been running low. Some fruit juice, electronics, textile enterprises have been on and off. The crisis caused a loss of 2.3 billion in production value. Xiyang Municipal government has timely established the command and coordination center for industrial growth. It has also established the every other ten day and monthly analysis system of key business operations, which monitors and analyzes corporate production, operation and effectiveness, and continuously improves the industrial operation. The best effort has been done to coordinate production elements such coal, electricity, oil and transport. Competitive enterprises are encouraged to lower the cost, and increase the production volume.

Taking full advanteage of the provincial government¡¯s discount policy for working capital loans for industrial enterprise, the municipal government has helped 151 companies obtain 2.75 billion yuan in bank loans as working capital, of which 49 were eligible for the discount polices. The Municipal government has also actively sought the provincial government¡¯s increased discount for reserve for industrial products and rewards for sales exceeding targets. 2 enterprises were entitled to the policy, getting a total discount of 1.15 million yuan. Xianyang has also vigorously promoted the bank-enterprise cooperation to solve the difficulties faced by corporate in getting loans. By the end of May, the city's financial institutions have granted loans of 8.03 billion yuan to 24 projects. The Municipal government has guided the enterprises to adjust product portfolio to meet market demand, enhance their ability to withstand market risks. Though recording negative growth in January, the city¡¯s large enterprise registered positive growth in the following four months in output value and added value. The growth rate had been increasing. The city¡¯s seven pillar industries achieved a total of 30.308 billion yuan in output value, accounting for 94% of the total of the city¡¯s large enterprises, an increase of 8.9% year on year.