In November, Jiangsu reported a year-on-year growth of 7.5% in the added value of industries above designated size, a year-on-year growth of 5.4% in fixed assets investment, and a year-on-year growth of 6.6% in the total retail sales of consumer goods. Let’s take a close look.
The Jiangsu Provincial Bureau of Statistics released on Monday the province’s latest economic performance. Statistics show that from January to November, Jiangsu recorded a year-on-year increase of 7.5% in the added value of industrial enterprises above designated size, an increase of 0.1 percentage points from January to October.
Jiangsu recorded a 7.6% increase in the added value of the manufacturing industry. In November, 33 out of 40 industrial sectors recorded year-on-year growth in added value.
With the recovery of market demand for computer components, LCD display boards and some other products, the province has reported a rebound in the growth rate of high-tech manufacturing. In November, Jiangsu recorded a year-on-year increase of 6.8% in the added value of high-tech manufacturing above designated size, up 1.6 percentage points from the previous month.
From January to November, Jiangsu recorded a year-on-year growth of 5.4% in the completed amount of fixed assets investment. The growth rate of infrastructure investment has further accelerated, with a year-on-year increase of 6.7%, up 0.7 percentage points from January to October. The province also maintained a rapid growth in the manufacturing investment. From January to November, Jiangsu recorded a year-on-year increase of 9.4% in manufacturing investment, 4.0 percentage points higher than the total investment.
Since the beginning of this year, Jiangsu has made every effort to promote a series of policies to expand domestic demand and promote consumption, and the consumer goods market in the province has maintained a stable operating trend. From January to November, Jiangsu recorded a total retail sales of consumer goods of 4166.11 billion yuan, a year-on-year increase of 6.6%. From January to November, catering revenue increased by 19.2% year-on-year, 13.9 percentage points higher than retail sales.
