GDP grows steadily in Liaoning

Liaoning’s economy saw significant growth in the first half of 2018, with the GDP reaching 1.14 trillion yuan ($168.01 billion), indicating a year-on-year growth of 5.6 percent.  This is 0.5 percent higher than the first quarter, as evidenced by main economic indicators, according to the Liaoning Provincial Bureau of Statistics.

Specifically, its industrial economy grew at a sustained and stable pace during the first half of this year, with the added value of industries above a designated scale increasing by 10.3 percent year-on-year, 1.8 percentage points higher than during the first quarter.  Meanwhile, the service industry maintained healthy and stable development.

At the same time, fixed investment in the province reached 353.91 billion yuan, with year-on-year growth of 12.1 percent, up 7.8 percent from the first quarter. The total volume of imports and exports kept growing at 355.46 billion yuan, with a year-on-year rise of 6 percent, which is an increase of 7.2 percent from the first quarter.

Moreover, the income of urban and rural residents has increased continuously. The per capita disposable income of urban residents reached 18,754 yuan, an increase by 6.6 percent year-on-year, while rural residents achieved 8,669 yuan, an increase of 7.4 percent.