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Jiangsu's GDP up 9.9% in H1

Jul. 30, 2012 (China Knowledge) - East China's Jiangsu Province saw its gross domestic product grow 9.9% YoY to RMB 2.54 trillion in the first half of this year, according to the latest statistics released by the Jiangsu Statistics Bureau.

The growth rate was 2.1 percentage points higher than the national average of 7.8% in the period.

Value-added output in the primary industry rose 4% YoY to RMB 110.1 billion in the first six months, and that in the secondary sector grew 10.9% YoY to RMB 1.39 trillion. The tertiary sector generated RMB 1.04 trillion, 9.1% 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 12.2% in H1 to RMB 1.29 trillion, and the growth rate was 0.2 percentage points higher than that in Q1.

The province's retail sales grew 14.9% YoY to RMB 889.23 billion in H1. Fixed-asset investment amounted to RMB 1.43 trillion in the period, up 20.6% YoY, and export value climbed 4.1% to US$153.52 billion.

The province saw its fiscal revenue grow 12.9% to RMB 297.56 billion in H1.

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