Industry dynamics of July 2022

Updated: Jul 31,2022 3:41 PM

 1.The "Super Brain" Project of the city railway started, which will control the operation and management of Shanghai's city lines


On July 6th, the construction of Shanghai Railway Dispatching, Operation and Skills Training Base Project (hereinafter referred to as "Three Centers") started, which is a milestone for Shanghai Railway to realize network operation.


As the first integrated transportation operation command node in Shanghai and the Yangtze River Delta metropolitan area, the "Three Centers" play a key role and have important functions. The dispatching center is equivalent to the "brain" of the city railway, and undertakes the functions of dispatching command, communication information exchange and emergency command center of the city railway network. The operation center carries out the office function of city railway network operation. And the skills training base engages in the function of skills training for employees. After the completion of the project, it will help improve the operation and management quality of Shanghai’s railway network, ensure the operation and dispatching of Shanghai’s railway network and the skills training of employees. The project is planned to be put into operation simultaneously with the airport tie line in 2024, and access conditions are reserved for the planned follow-up lines.



2.The International Shipping Center Development Index was released, and Shanghai ranked third again


On July 11th, "Xinhua Baltic International Shipping Center Development Index Report (2022)" released in Shanghai showed that Shanghai continued to rank third with a total score of 82.79, and the gap with Singapore and London was 12.09 and 0.25 respectively, which continued to narrow compared with 15.02 and 0.38 in 2021.


According to the Report, since it ranked among Top 3 for the first time in 2020, the international status of Shanghai International Shipping Center has become increasingly stable, with high concentration of shipping resources, sound shipping service functions, excellent shipping market environment, efficient modern logistics services and increasing capacity of global shipping resource allocation. At present, Hongkou District, where the North Bund is located, has gathered more than 4,700 shipping enterprises, with an average of 197 shipping enterprises per square kilometer.



3.Shanghai promotes new testing standards for 5G network

On July 20th, the information session of "5G Network Quality Test Method Based on User Perception" (DB31/T 1324-2021), the first testing standards for 5G network based on user perception in China, was held in Shanghai.


The “5G Network Quality Test Method Based on User Perception” (DB31/T 1324-2021) has been officially implemented since February 1st, 2022. For the first time, the test index system of 5G network is put forward from the perspective of end-user perception. According to the technical characteristics of 5G network, it is comprised of five categories, namely Coverage, Connection, Rate, Delay and Experience, and the test methods, test steps and index calculation of each index are specified. The formal implementation of this Specification has important guiding significance for improving the construction of 5G network in Shanghai. First of all, it establishes a standard basis and promotes the construction of digital base. Second, it fills gaps and promotes unity and industrial ecological development. And third, it drives the application of strong quality and enhances Shanghai’s soft power.



4.Shanghai's industrial economy accelerates its recovery and revitalization, and its growth rate rebounded rapidly in June


Since the beginning of this year, Shanghai's industrial system has actively responded to the impact of COVID-19 and accelerated the recovery and revitalization of the industrial economy. In the first half of the year, the industrial economy went out of the V-shaped curve. After April, industrial production bottomed out and rebounded, especially in June. The planned industrial added value changed from 30.9% in May to 13.9%, and the planned total industrial output changed from 27.6% in May to 15.8%, which was the highest monthly growth rate since March 2021.


From January to June, industrial production recovered rapidly. The industrial added value of enterprises above designated size in Shanghai decreased by 11.3% year on year, and the decline narrowed by 5.3% from last month. The total industrial output of Shanghai was RMB1,715.5 billion, a decrease of 9.7% year on year, and the decline narrowed by 5.6% compared with last month. The output of manufacturing industry was RMB717 billion, accounting for 41.8% of the city's industry, down 2.1% year-on-year, and the decline was 7.6% less than that of the whole city, among which new energy vehicles (57.2%) and new-generation information technology (8.2%) grew against the trend.


From January to June, the manufacturing output of the three leading industries was RMB180.6 billion, a year-on-year increase of 4.3%, of which the output of integrated circuits increased by 13.3% year-on-year. The output of artificial intelligence increased by 14.7% year-on-year. The output of biomedicine decreased by 5.4% year-on-year. We witness intra-industry differentiation, with biopharmaceuticals and pharmaceutical equipment and materials increasing by 43.1% and 12.8% year-on-year, while pharmaceutical and device manufacturing decreased by 8% and 5.1% respectively.


Industrial exports turned from negative to positive, with export delivery value of RMB366.9 billion, up 3.7% year-on-year, driving industrial sales output to increase by 0.7%.



5.In 2021, the size of China's digital economy reached RMB45.5 trillion


On July 23rd, the National Network Office released the “Digital China Development Report (2021)”. According to the Report, from 2017 to 2021, the size of China's digital economy increased from RMB27.2 trillion to RMB45.5 trillion, ranking second in the world in total, with a compound annual growth rate of 13.6%, and its proportion in GDP increased from 32.9% to 39.8%.


China has built the largest and technologically leading network infrastructure in the world. By the end of 2021, China had built 1.425 million 5G base stations, accounting for more than 60% of the world's total, with 355 million 5G users and 34.56 million Gigabit users, and the broadband rate of administrative villages and poverty-stricken villages reached 100%. By the end of 2021, the total amount of IPv6 address resources ranked first in the world, and the number of IPv6 active users reached 608 million. The volume of computing power ranked second in the world, with an average annual growth rate of over 30% in recent five years.