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​Jiaxing's economy posts stable growth in Jan-July

chinadaily.com.cn| Updated : Aug 23, 2022

The added value of industrial enterprises above designated size in Jiaxing expanded 3.1 percent year-on-year to 156.27 billion yuan ($22.76 billion) from January to July, local media reported on Aug 22.

In July, the added value of industrial enterprises above designated size in the city was 23.56 billion yuan, a year-on-year increase of 5.4 percent and ranking the fourth in terms of growth rate in Zhejiang province.

From January to July, the added value of high-tech manufacturing, core manufacturing of the digital economy, equipment manufacturing and strategic emerging industries increased by 16.1 percent, 13.9 percent, 9.9 percent and 9 percent, respectively.

During this period, the city's fixed investment reached 180.89 billion yuan. Investment in manufacturing and high-tech industries rose by 24.7 percent and 26.2 percent, respectively, 8 and 8.8 percentage points higher than the provincial average and both the fifth highest in the province.

The city's imports and exports exceeded 247.61 billion yuan in the first seven months, rising 20.4 percent year-on-year. Exports were valued at 181.31 billion yuan, up 20.2 percent, while imports amounted to 66.29 billion yuan, up 20.8 percent.

In July, the retail sales of consumer goods in the city hit 18.84 billion yuan, an uptick of 8 percent year-on-year and ranking the 6th in the province.