East China’s Jiangsu province has witnessed steady economic growth since the beginning of this year with industries, investment, consumption and other aspects showing a good momentum of steady and positive progress.
From January to May, the added value of industrial enterprises above designated size increased by 5.2% year-on-year, and rose by 0.1 percentage points from January to April.
The added value of joint-stock industries, private industries and private industries increased by 7.3%, 7.9% and 9% respectively year-on-year, achieving steady growth of the industrial economy.
From January to May, the province's fixed asset investment increased by 3.7% year-on-year, 1.3 percentage points higher than that of January-April. Industrial investment increased by 4.9%, private investment by 4.5%, manufacturing investment by 5.9% and high-tech investment by 8.4%, showing enhanced expectations and confidence in economic growth.
From January to May, the total retail sales of consumer goods increased by 6.4% year-on-year, 0.3 percentage points higher than that in January-April.
The province's wholesale and retail sales above designated size achieved a year-on-year increase of 12.3% in retail sales and 26.5% in the accommodation and catering industry.
Some of the upgraded products grew rapidly, with the sales of books, magazines, and Chinese and Western medicines increasing by 37.5% and 11.1% respectively, showing steadily increasing purchasing power.
(Source:ourjiangsu.com)
