Wenzhou's GDP reaches 188.9 billion yuan ($28.81 billion) with a year-on-year growth of 6.1 percent in the first quarter of this year. [Photo/WeChat account: wenzhoufabu]
Wenzhou in East China's Zhejiang province released its economic statistics for the first quarter of this year yesterday.
According to official statistics, the city's GDP grew 6.1 percent year-on-year to reach 188.9 billion yuan ($28.81 billion).
The added value of the primary, secondary and tertiary industries was up 5.1 percent, 6.7 percent and 5.7 percent year-on-year to 2.5 billion yuan, 78.2 billion yuan and 108.1 billion yuan respectively.
Industrial production has been recovering with mid and high-end manufacturing industries growing rapidly. Above-designated-size manufacturers (those with annual operating revenues of roughly $3.1 million or more) generated 34.27 billion yuan in value-add, a year-on-year increase of 9.4 percent.
The service industry also saw steady growth with a 5.7 percent year-on-year increase in value-add.
Agricultural production increased in stability, with the same condition coming to the production and supply of livestock industry. Statistics show that the combined added value of the agriculture, forestry, animal husbandry and fishery industries reached 2.61 billion yuan, a 5.1 percent year-on-year growth.
With regard to the consumer market, the total volume of retail sales grew 6.1 percent year-on-year to 96.15 billion yuan.
Wenzhou's foreign trade progressed rapidly with the total import-export value growing 30.4 percent year-on-year to reach 64.16 billion yuan in the first quarter. Import and export values were up 35.5 percent and 29.4 percent to 10.3 billion yuan and 53.86 billion yuan respectively.
The gap between per capita disposal incomes of urban and rural residents continued to narrow with the former reaching 21,498 yuan, while the latter hit 11,713 yuan.
