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Lishui sees smooth economic performance Jan-Feb

chinadaily.com.cn| Updated: March 21, 2024 L M S

Lishui's economy demonstrated notable resilience and growth during the first two months of 2024 across key sectors, indicating stability and adaptability amidst evolving economic conditions.

The city's above-designated-size industries posted an 11.2 percent year-on-year increase in value-added, totaling 5.56 billion yuan ($772 million). Among 35 major industries, 29 recorded positive growth, accounting for 82.9 percent of the total.

Fixed asset investment in the city grew steadily by 9.1 percent year-on-year, with notable progress in high-tech industries and manufacturing. Investments in environmental protection, transportation, energy, and water conservancy also saw growth of 12.5 percent. Private investment, however, experienced a slight decline of 8.1 percent.

Retail sales of consumer goods reached 15.65 billion yuan, reflecting a 10.7 percent increase year-on-year. Particularly strong were commodity retail sales, up by 20.8 percent, and catering revenue, up by 43.6 percent.

The city's total foreign trade volume amounted to 6.1 billion yuan, up 16.2 percent year-on-year, with exports surging by 30 percent, reaching 5.2 billion yuan.

By February's end, local and foreign currency deposits in financial institutions grew by 18.5 percent year-on-year to 592.81 billion yuan, while local and foreign loans increased by 19.6 percent, reaching 492.06 billion yuan.