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Lianyungang’s economy grew steadily in the first two months
updated on:2021-04-11 08:10

Since the beginning of this year, Lianyungang’s economy has maintained growth momentum amid strengthening economic recovery. Major economic indicators, including industry, investment, consumption, and import and export, saw sustained and rapid recovery. From January to February, Lianyungang’s investment in fixed assets registered RMB 21.3 billion, up 47.1% year-on-year, of which industrial investment hit RMB 13.19 billion, an increase of 52.8%. A total of RMB 18.88 billion have been invested in the 456 key projects, accomplishing 11.5% of the annual investment plan.

The industrial economy secured steady and relatively fast growth. In the first two months, industrial taxable sales revenue hit RMB 69.41 billion, an increase of 34.5%, 10.1 percentage points higher than that in January, ranking fourth in the province. 33 industries of the 34 major industries achieved growth in output value. Among them, electrical machinery and equipment manufacturing increased by 111.8%, and manufacturing of non-metallic mineral products rose by 91.0%. The output value of small and micro industrial enterprises increased by 84.8%, 44.2 percentage points higher than that of the city.

Consumer demand was relatively strong. From January to February of this year, Lianyungang completed RMB 25.1 billion in wholesale and retail trades, accommodation and catering above designated size, an increase of over 15%. Among them, wholesale, retail, accommodation, catering picked up at an accelerated pace and increased by 10%, 25%, 15%, and 10% respectively. The city’s retail sales of social consumer goods above designated size registered RMB 5.57 billion, up 74.7%, ranking second in the province. Among them, retail sales of consumer goods that got through public online trading platform reached RMB 1.25 billion, up 225.8%, driving the city’s retail sales growth by 27.3 percentage points.

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