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​Quzhou sees stable economic growth in Jan-April

chinadaily.com.cn| Updated :2022-05-26

Quzhou in East China's Zhejiang province saw stable economic growth in the first four months of this year, local media reported on May 20.

According to the Quzhou Municipal Statistics Bureau, the city's added value of industrial enterprises above designated size totaled 17.77 billion yuan ($2.67 billion) from January to April, a year-on-year increase of 4.4 percent. The growth rate rebounded by 0.5 percentage points compared to the first quarter.

Among industrial enterprises above designated size, those from emerging industries experienced rapid growth. The added value of those in the new materials, high-tech manufacturing, digital economy manufacturing, and strategic emerging industries increased by 32.2 percent, 19.8 percent, 19.2 percent, and 10.4 percent year-on-year respectively.

The city's fixed asset investment rose by 12 percent year-on-year. Investment in high-tech industries saw a significant 85.9 percent year-on-year growth.

The total retail sales of consumer goods in the city reached 23.58 billion yuan, up 1.4 percent year-on-year. Specifically, the retail sales of grain and oil, food, beverage, tobacco and alcohol increased by 25 percent, 47.2 percent and 28.7 percent respectively.

During the period, the total value of the city's foreign trade stood at 15.05 billion yuan, a year-on-year increase of 10.8 percent. The export value amounted to 10.47 billion yuan, up 25.5 percent year-on-year, while the imports reached 4.58 billion yuan, a year-on-year decrease of 12.6 percent.