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Shanxi's GDP up 10.1% in H1

Jul. 27, 2012 (China Knowledge) - Shanxi Province, one of the major coal-producing regions in China, saw its gross domestic product grow 10.1% YoY to RMB 578.59 billion in the first half of this year, according to the latest statistics released by the Shanxi Statistics Bureau.

The growth rate was 2.3 percentage points higher than the national average.

Value-added output in the primary industry rose5.7% YoY to RMB 29.22 billion in the first six months, and that in the secondary sector grew 11.0% YoY to RMB 327.76 billion. The tertiary sector generated RMB 221.61 billion, 9.2% more than in the same period of 2011.

The value-added output of industrial enterprises each with core business revenue of at least RMB 200 billion rose 11.8% in H1, and the growth rate was 1.3 percentage points higher than the national average.

The province's retail sales grew 15.2% YoY to RMB 207.74 billion in H1, and the growth rate was 0.8 percentage points higher than that in Q1. Fixed-asset investment amounted to RMB 275.1 billion in the period, up 24.1% YoY. However, Shanxi's foreign trade fell 17.6% to US$5.8 billion.

The province saw its fiscal revenue rise 19.8% YoY to RMB 149.01 billion.

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