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Quzhou sees stable economic growth in Jan-May

chinadaily.com.cn| Updated :2022-06-22

The added value of industrial enterprises above designated size in Quzhou, Zhejiang province was 23.33 billion yuan ($3.48 billion) from January to May, up 6.2 percent year-on-year, 1.8 percentage points faster than in the first four months of 2022.

In May, the added value of the computer, communications and other electronic equipment manufacturing, chemical raw materials and chemical products manufacturing, non-ferrous metal smelting and rolling processing industries increased by 71.2 percent, 20.3 percent and 12.2 percent, respectively.

From January to May, the city's fixed asset investment rose by 11.3 percent, 0.4 percentage points higher than the provincial average growth rate.

The total retail sales of consumer goods in the city reached 30.72 billion yuan, a decrease of 0.3 percent, while total online retail sales were valued at 17.28 billion yuan, an uptick of 6.6 percent.

Meanwhile, the city's general public budget expenditures increased by 15 percent.

During this period, the total value of the city's foreign trade was 20.55 billion yuan, a year-on-year increase of 16.9 percent.

Exports amounted to 14.39 billion yuan, up 32.2 percent year-on-year, while imports amounted to 6.16 billion yuan, a decrease of 12.6 percent year-on-year.

In addition, the export delivery value of industrial enterprises above designated size in the city totaled 8.26 billion yuan, an increase of 22.9 percent.