In the first quarter of 2024, Fujian province's economy achieved a strong start to the year with 5.8 percent year-on-year growth in GDP, reaching 1.24 trillion yuan ($171.28 billion) when calculated at constant prices. This growth rate outpaced the national average.

According to the Fujian Provincial Bureau of Statistics, various industries and sectors in the province displayed positive signs:

Agricultural growth remained stable with a 3.7 percent year-on-year increase in the total output value of the farming, forestry, livestock and fishing industries.

Industrial production saw significant growth, with the added value of Fujian's industry above designated size growing by 7.7 percent year-on-year, with growth seen in 32 out of 38 industrial categories.

The service industry continued to grow as well, recording a five percent year-on-year increase in value added.

Fixed asset investment remained stable, increasing five percent year-on-year, with a focus on optimizing investment structures.

The consumption market has also continued to recover. The total retail sales of consumer goods reached 604.92 billion yuan, a year-on-year growth of 5.9 percent.

Foreign trade showed signs of recovery as well, with a 7.7 percent year-on-year increase in total import and export volume.

Financial operations remained stable, with a 6.5 percent year-on-year growth in total deposits and a 6.1 percent increase in total loans.

Market prices have declined, while residents' incomes have steadily increased. The per capita disposable income in the province stands at 13,822 yuan. Urban residents have a per capita disposable income of 17,722 yuan, with a nominal growth of five percent and a real growth of 5.8 percent, while rural residents have a per capita disposable income of 7,110 yuan, experiencing a nominal growth of 8.3 percent and a real growth of 9.1 percent.

Overall, Fujian's key economic indicators demonstrated stable and rapid growth in the first quarter, fostering new growth drivers and a positive economic trajectory.