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Zhejiang's GDP up 7.4% in H1

Jul. 27, 2012 (China Knowledge) - East China's Zhejiang Province saw its gross domestic product grow 7.4% YoY to RMB 1.58 trillion in the first half of this year, according to the latest statistics released by the Zhejiang Statistics Bureau.

The growth rate was 0.3 percentage points higher than that in the first quarter.

Value-added output in the primary industry rose 2.1% YoY to RMB 65.57 billion in the first six months, and that in the secondary sector grew 6.5% YoY to RMB 800.59 billion. The tertiary sector generated RMB 712.88 billion, 8.8% 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 in the province rose 5.2% in H1 to RMB 507.3 billion, and the growth rate was 0.4 percentage points higher than that in Q1.

The province's retail sales grew 9.7% YoY to RMB 637.3 billion in real terms in H1, and the growth rate was 0.7 percentage points higher than that in Q1. Fixed-asset investment amounted to RMB 756.8 billion in the period, up 23.9% YoY, and export value climbed 5.2% to US$105.65 billion.

Zhejiang saw its fiscal revenue grow 5.2% to RMB 360.2 billion in H1.

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