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​Quzhou's GDP up 4.1% in Q1

chinadaily.com.cn| Updated :2022-05-05

The gross domestic product (GDP) of Quzhou in East China's Zhejiang province totaled 43.7 billion yuan ($6.55 billion) in the first quarter of 2022, an increase of 4.1 percent year-on-year, local media reported on May 5.

The added value of primary, secondary and tertiary industries reached 1.31 billion yuan, 18.27 billion yuan and 24.11 billion yuan, up 5.2 percent, 4 percent and 4.1 percent, respectively.

In the same period, the added value of industrial enterprises above designated size in the city expanded 3.9 percent year-on-year to 12.71 billion yuan.

Among industries above designated size, the added value of new materials, manufacturing, digital economy, and high-tech manufacturing industries increased by 27.5 percent, 16 percent, and 13.9 percent, respectively, year-on-year.

The city's fixed asset investment saw a year-on-year growth of 14 percent, while the high-tech industry witnessed a stunning increase of 91.1 percent year-on-year.

The city's total retail sales stood at 17.76 billion yuan, an uptick of 3.6 percent year-on-year.

The per capita disposable income of urban residents was 17,986 yuan, an increase of 7 percent year-on-year, while that of rural residents was 8,214 yuan, a year-on-year increase of 8.6 percent.