Liaoning’s economy sees significant growth

Liaoning's economy saw significant growth in the first three quarters of this year, with GDP reaching 1.8 trillion yuan ($258.61 billion), representing year-on-year growth of 5.4 percent, according to the Liaoning Provincial Bureau of Statistics. 

Specifically, industries above a designated scale grew at a rapid pace during the first three quarters of this year, with added value increasing by 9.7 percent year-on-year, ranking the province third in the country on this measure. 

At the same time, fixed investment in the province increased 4.8 percent year on year, up 7.8 percent from the first quarter. The total volume of imports and exports continued to grow at 549.14 billion yuan, with a year-on-year rise of 9 percent –– an increase of 3 percent from the first half of the year. 

The province achieved general public budget revenue of 201.97 billion yuan, marking a year-on-year increase of 10 percent. In addition, the province's general public budget expenditure during the period was 357.36 billion yuan, a year-on-year increase of 5.1 percent. 

In addition, the incomes of urban and rural residents have continued to increase. The per capita disposable income of urban residents reached 28,052 yuan, an increase of 6.8 percent year on year, while rural residents achieved 11,852 yuan, an increase of 7.2 percent. Meanwhile, provincial retail sales rose by 9.2 percent, reaching 1,011.95 billion yuan.