Taizhou's GDP up 5.8% in Q1

chinadaily.com.cn | Updated: 2022-04-29

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Taizhou's gross domestic product (GDP) in the first quarter of this year hit 137.54 billion yuan ($21.16 billion), rising 5.8 percent on a yearly basis, local authorities announced at a news conference on April 28.

The growth rate was the fourth highest in East China's Zhejiang province.

The added value of the city's primary, secondary, and tertiary industries reached 4.77 billion yuan, 57.46 billion yuan, and 75.31 billion yuan, a year-on-year growth of 1.8 percent, 6.4 percent, and 5.6 percent respectively.

Its agriculture, forestry, animal husbandry, and fishery industries registered a year-on-year increase of 2.3 percent to 9.28 billion yuan during the period.

Taizhou's industrial added value amounted to 51.58 billion yuan from January to March, up 7.1 percent year-on-year.

The added value of industrial enterprises above designated size in Taizhou expanded 8.4 percent year-on-year to 38.2 billion yuan during the three-month period.

Stable growth was seen in its service sector, which grew 5.6 percent to 75.31 billion yuan.

In the first three months of this year, the city's investment in fixed assets achieved a year-on-year growth of 13.7 percent.

Its foreign trade was valued at 66.57 billion yuan, an increase of 30.9 percent year-on-year.

Taizhou also posted a strong recovery in consumption in the past three months. The city's retail sales of social consumption goods during this period amounted to 61.24 billion yuan, a 6 percent year-on-year increase.

The city's fiscal revenue rose by 3 percent to 26.18 billion yuan.

Income levels also improved. The city's overall per capita disposable income in the first quarter increased by 5.5 percent to 17,710 yuan in real terms after deducting price factors.