Jiangsu is the top region by value added in industry in China. As of 2022, value added in industry in Jiangsu was 48,594 100 million yuan that accounts for 12.18% of China's value added in industry. The top 5 regions (others are Guangdong, Zhejiang, Shandong, and Fujian) account for 43.52% of it. China's total value added in industry was estimated at 398,815 100 million yuan in 2022.
The description is composed by our digital data assistant.Value-added of Industry refers to the final results of the industrial production of industrial enterprises in money terms during the reference period. Industrial value-added can be calculated by two approaches: the production approach, i.e. gross industrial output value minus intermediate input plus value-added tax, and the income approach, i.e. income for various factors used in the course of production, including depreciation of fixed assets, remuneration of laborers net of production tax, and operating surplus.
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