Xi'an's economy maintains its stability

From January to February, Xi'an's economy maintained its stability, withstanding the impact of the novel coronavirus pneumonia epidemic, according to a report released by the Xi'an bureau of statistics on March 22.

During the period, the added value of industrial enterprises above a designated size, those with annual sales of 20 million yuan ($2.83 million) or more, fell by 3.3 percent year-on-year, a decrease that was less than that of the country and the province by 10.2 and 3.8 percentage points, respectively.

The electronic equipment manufacturing industry, including computers and communications, was the star performer with an output value of 20.98 billion yuan ($2.96 billion), an increase of 48.8 percent year-on-year.

The city's investment in fixed assets (excluding rural households) decreased by 4.8 percent year-on-year, a decrease which was less than that of the country and the province by 19.7 and 26.1 percentage points, respectively.

Sales of basic household products accelerated. Sales of grain, oil, and food products amounted to 4.45 billion yuan, an increase of 21 percent compared with the previous corresponding period.

Retail sales through the internet came in at 6.85 billion yuan, an increase of 27 percent year-on-year, accounting for 24.5 percent of total retail sales.

The city's total imports and exports hit 53.47 billion yuan during the period, a year-on-year decrease of 2.5 percent. Due to the stable operations of the China-Europe Chang’an freight train, the city's total imports and exports to countries along the Belt and Road amounted to 8.94 billion yuan, an increase of 28.9 percent.