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Quanzhou's GDP nears 467b yuan in H1

equanzhou.com| Updated: Jul 22, 2020 L M S

In the first half of the year, the economy of Quanzhou, a city in East China's Fujian province, initially faltered in response to the impact of the novel coronavirus but then recovered, according to the latest data from the Quanzhou bureau of statistics.

From January to June, the city's gross domestic product, or GDP,  hit 466.81 billion yuan ($66.94 billion).

In terms of industries, the added value of the primary industry during the six months came in at 8.4 billion yuan, an increase of 2.8 percent.

The added value of Quanzhou's secondary industry totaled 257.82 billion yuan, a decrease of 1.9 percent on last year, while the added value of the tertiary industry increased by 0.03 percent to reach 200.6 billion yuan.

During the period, Quanzhou's total output value of agriculture, forestry, animal husbandry and fishery industries generated 15.23 billion yuan, a year-on-year increase of 2.8 percent.

The added value of the city's manufacturers above a designated size -- those with annual revenue of 20 million yuan or more -- dropped by 1.6 percent, but the rate of decrease narrowed by 9.8 percentage points from the first to second quarters.

Officials said that during H1 amid the epidemic, consumer spending on internet platforms increased and the operating income in related industries increased rapidly.

From January to May, the city's internet and related service companies above a designated size achieved operating income of 136 million yuan, an increase of 33.3 percent on the same period last year.