Guangyuan registers 7.1% GDP growth for Q1

cngy.gov.cn | Updated: April 30, 2024
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Over the past three months, Guangyuan in Southwest China's Sichuan province saw its GDP increase by 7.1 percent year-on-year, according to the municipal bureau of statistics.

Broken down by industry, the primary sector of the city saw a 2.3 percent increase; and the secondary and tertiary industries respectively grew by 10.2 percent and 6.2 percent.

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Indicators of the agricultural production remained stable. The city produced 317,400 tons of vegetables and edible fungi, 19,900 tons of garden fruits and 951,000 pork during this period.

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Industrial production in the city continued to accelerate, with the industrial added value above designated size increasing by 13.4 percent year-on-year. Collective enterprises and joint-stock enterprises respectively rose by 26.5 percent and 16.3 percent. However, foreign, Hong Kong, Macao, and Taiwan invested enterprises decreased by 47.1 percent.

Notably, the aluminum-based new material industry, as a leading sector, grew by 44.7 percent, contributing 11.5 percentage points to the city's industrial added value growth.

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The city's consumer market made steady progress, as the total retail sales of consumer goods increased by 5.7 percent year-on-year. Urban areas saw a 5.6 percent increase, while rural areas rose by 6.0 percent.

In the first quarter, 7,127 new urban jobs have been created, achieving 28.5 percent of the annual target. Additionally, 3,498 unemployed individuals found jobs, keeping the registered urban unemployment rate at 3.10 percent.

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Consumer prices saw a slight year-on-year decline, 0.4 percent, in the first quarter.

Generally, Guangyuan witnessed an accelerated recovery trend in the first quarter, marking a promising start to the year.


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