Huzhou's GDP rises 21.3% in Q1 | Updated: Apr 26, 2021


A workshop in Huzhou, East China's Zhejiang province. [Photo/WeChat account:huzhoufabu]

The gross domestic product (GDP) of Huzhou in East China's Zhejiang province amounted to 79.81 billion yuan ($12.28 billion) in the first quarter of this year, rising 21.3 percent year-on-year, the third highest growth in the province, according to local authorities.

The added value of the city's primary, secondary, and tertiary industries reached 2.12 billion yuan, 37.82 billion yuan, and 39.94 billion yuan, representing a growth of 3.7 percent, 26.5 percent, as well as 17.7 percent respectively.

Its tertiary sector recorded the highest growth rate in Zhejiang from January to March.

The industrial added value of enterprises above designated size in Huzhou expanded 34.8 percent year-on-year to 27.51 billion yuan.

All of the 33 major categories of industries in the city achieved positive growth in added value over the three-month period. 

Its investment in fixed assets also showed a good performance in Q1, registering a yearly increase of 21.3 percent.

Over this period, the total retail sales of social consumer goods in the city reported year-on-year growth of 32.3 percent, the highest in Zhejiang.

Robust growth momentum was also seen in Huzhou's foreign trade. The city's imports and exports grew 49.8 percent year-on-year to 30.64 billion yuan over the period. Specifically, exports stood at 28.07 billion yuan, an increase of 57.9 percent.

In addition, its fiscal revenue jumped 25.8 percent to 22.69 billion yuan.

Residents saw a stable increase in income in Q1. The per capita disposable income of its urban residents rose 18.4 percent to 21,287 yuan, while the figure for rural residents was 13,245 yuan, up 20.3 percent.