East China’s Jiangsu province reported a steady recovery of economic operation from January to October, according to the provincial economic operation released by Jiangsu Provincial Bureau of Statistics on Tuesday.
Statistics show that the province maintains rapid industrial growth from January to October with the added value of industries above designated increasing by 5.1% year-on-year, 0.6 percentage points faster than that from the January-September period, indicating growth for five consecutive months.
Computer, communication and other electronic equipment manufacturing industry grew 7.8% year on year, electrical machinery and equipment manufacturing industry grew 14.6% year on year, and automobile manufacturing industry grew 15.0% year on year.
The province reported a steady operation of fixed asset investment. From January to October, the province's fixed asset investment increased by 3.6% year-on-year, 0.1 percentage points faster than that from January to September.
The manufacturing investment maintained a double-digit rapid growth, 6.8 percentage points higher than the total investment. The investment in high-tech industry was stable, with a year-on-year growth of 14.5%, contributing 69.1% to the investment growth.
From January to October, investment in 2872 projects reached more than 1 billion yuan individually, up 16.2% over the same period of the previous year, and contributed 108.7% to the growth of investment in the province.
The consumer goods market maintained a momentum of recovery. From January to October, the province reported 3542.01 billion yuan of retail sales of social consumer goods, with a growth rate unchanged from last year and 0.3 percentage points higher than that from the January-September period.
