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Jining's economy surges with 6.6% growth in Q1 of 2024

chinadaily.com.cn| Updated: May 8, 2024
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Jining displayed robust economic performance in the first quarter of 2024, with its regional GDP reaching 129.2 billion yuan ($17.88 billion), a notable 6.6 percent year-on-year increase.

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In the first quarter of 2024, Jining demonstrated strong economic growth. [Photo provided to chinadaily.com.cn]

The primary industry witnessed strong growth, with a value added of 5.3 billion yuan, representing a 4.3 percent increase. Similarly, the secondary industry also grew, recording a value added of 50.6 billion yuan, growth of 6.9 percent, while the tertiary industry saw a value added of 73.4 billion yuan, a 6.5 percent increase.

The city's agricultural sector remained steady, with the output value of agriculture, forestry, animal husbandry, and fishery totaling 11.07 billion yuan in the first quarter, up by 4.5 percent from the previous year.

Industrial production showed signs of recovery, as the value added of industries above designated size increased by 9.6 percent year-on-year during the same period.

Furthermore, fixed asset investment in Jining remained stable, registering 5.5 percent year-on-year growth in the first quarter.