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Jiangsu’s Economy Made Progress in Stability
updated on:2020-01-09 15:10

Information released by Jiangsu statistics authority on 31st Dec, 2019 revealed that Jiangsu’s economic performance had registered further progress while maintaining stability in the first 11 months of 2019.

The industrial added value of industries above a designated scaled in the first 11 months increased by 5.9% year-on-year, whose growth rate went up by 0.3 percentage point compared with that in the first 10 months of the year, amongst which industrial added value of SOEs in the category grew by 14.1% while that from the non-governmental sector went up by 9.1%. In the non-governmental sector, industrial added value of private companies in the category increased by 9.7%, a sign for accelerated growth and greater vitality of the market entities.

The first 11 months saw 5.1% growth in fixed assets input across the province, whose growth rate was 0.2 percentages higher than that in the first 10 months. Input in the hi-tech sector went up by 22.9%. The retail sales of consumer goods in the society in the first 11 months grew by 6.3%, whose growth rate went down by 0.2 percentage points compared with that in the first 10 months.

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