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Tianjin's GDP up 16.4% in 2011

Feb. 6, 2012 (China Knowledge) - Tianjin Municipality saw its gross domestic product grow 16.4% year on year to RMB 1.12 trillion in 2011, according to the latest statistics released by the Tianjin Statistics Bureau.

The city's gross industrial output jumped 29.2% year on year to RMB 2.09 trillion last year and its value-added industrial output grew 21.3%.

Fixed-asset investment rose 31.1% year on year to RMB 751.07 billion in 2011, of which RMB 307.60 billion was invested in the industrial sector. Retail sales in the city swelled 18.7% year on year to RMB 339.51 billion.
The city's foreign trade increased 25.9% year on year to US$103.39 trillion. The export value increased 18.7% year on year to US$44.50 billion, and the import value surged 32.0% year on year to US$58.89 billion.

Tianjin's utilized foreign investment jumped 20.4% to US$13.06 billion last year, of which US$7.23 billion was in the service sector and US$5.70 billion was in the manufacturing sector.

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