Lushunkou GDP reaches 5.69 billion yuan in Q1

The government of Lushunkou district in Dalian city, Northeast China’s Liaoning province, holds an economic work meeting on April 9. [Photo/Weixin]

Lushunkou’s gross domestic product (GDP) hit 5.69 billion yuan ($905.85 million) in the first quarter of this year, representing year-on-year growth of 7.5 percent, according to a report at an economic work meeting on April 9.

Fixed-asset investment reached 940 million yuan, a rise of 45.6 percent. There are 49 projects with investment of more than 50 million yuan, 26 of which have started construction.

The residential property market in the district also showed signs of a turnaround, with turnover growing by 40 percent.

“The first quarter has seen stable economic growth,” said Li Jun, chief of Lushunkou district, at the meeting.

“We should try to keep the momentum going in the second quarter and ensure we achieve our annual target by the end of this year,” he added.