A bird's-eye view of Yueqing city in Wenzhou, Zhejiang province. [Photo/zjol.com.cn]
Wenzhou in East China's Zhejiang province generated 550.3 billion yuan ($86.01 billion) in GDP in the first three quarters of this year, a year-on-year growth of 10.2 percent, local media outlets reported.
The added value of the secondary industry reached 232.27 billion yuan with a year-on-year increase of 14.3 percent, the highest among the growth rate of Wenzhou's primary, secondary and tertiary industries.
Statistics also show that 32 of the 33 industries in Wenzhou have registered positive growth, with 16 of them having realized growth rates of over 20 percent. Emerging industries saw significant growth during the period, with the new high-tech, digital economy, and equipment manufacturing industries growing by 15.6 percent, 15.8 percent, and 18.2 percent respectively.
Foreign trade maintained steady progress with the total import-export volume from January to September reaching 171.36 billion yuan, growing 8.7 percent year-on-year. The total export volume was up 3.7 percent year-on-year to 142.3 billion yuan while imports were up 41.9 percent to 29.06 billion yuan. The actual use of foreign capital increased by 165 percent to $431 million, and the amount of foreign capital utilized in the high-tech industry increased by 52 percent.
The income cap between urban and rural residents in Wenzhou shrank further with the per capita disposable income reaching 46,610 yuan.
