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Liaoning's GDP up 10.2% in Q1

Apr. 23, 2012 (China Knowledge) - Northeast China's Liaoning Province saw its gross domestic product grow 10.2% year on year to RMB 481.17 billion in the first quarter of this year, according to the latest statistics released by the Liaoning Statistics Bureau.

The growth rate was 2.1 percentage points higher than the national average.
Value-added output in the primary industry rose 5.3% year on year to RMB 21.85 billion, and that in the secondary sector grew 11.1% year on year to RMB 258.36 billion. The tertiary sector generated RMB 200.96 billion, 9.5% more than in the same period of 2011.

The province saw an 11.1% increase in value-added industrial output. Forty of the 41 industrial sectors recorded increases in value-added output in the first quarter.

Liaoning's fixed-asset investment surged 28.6% year on year to RMB 165.96 billion in the period, including RMB 39.2 billion in property development, reflecting a growth of 25.6% year on year.

Retail sales in the province rose 15.5% year on year to RMB 223.71 billion.

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