East China’s Jiangsu province reported stable economic operation in the first four months of the year with industries, investment, consumption and other aspects showing a good momentum of steady and positive progress, according to date released by the provincial bureau of statistics recently.
From January to April, the added value of industrial enterprises above designated size increased by 5.1% year-on-year, 0.2 percentage points lower than the first quarter, and remained the same as the whole year of 2018.
The added value of the six high-energy-consuming industries increased by 4.4% year-on-year, down 0.2 percentage points from the first quarter. The added value of the high-tech industry increased by 6.9% year-on-year, while the added value of the electronics industry and the pharmaceutical industry increasing by 4.8% and 15.1% respectively. The strategic emerging industries have provided new momentum for stable industrial growth.
The province's fixed asset investment from January to April increased by 2.4% year-on-year, and the growth rate accelerated by 0.8 percentage points from the first quarter. Industrial investment increased by 2.5%, private investment by 4.2%, manufacturing investment by 3.7%, and high-tech investment by 8.2%, indicating further enhanced expectations and confidence in economic growth.
From January to April, the total retail sales of consumer goods increased by 6.1% year-on-year. Some of the upgraded products grew rapidly, with magazines, and Chinese and Western medicines increasing by 49.5% and 9.3% respectively. Energy-saving and environmentally-friendly products maintained a relatively high growth rate. The retail sales of energy-efficient goods of Class 1 and Class 2 in household appliances and audio-visual equipment increased by 60.5%, and the retail sales of new-energy automobile products increased by 60.2%.
(Source:ourjiangsu.com)
