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Major economic indicators in Lin-gang up 30% in Q1-Q3

Updated: Oct 21, 2020 en.lgxc.gov.cn Print
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The economy of Lin-gang Special Area experienced steady growth in the first three quarters of 2020. [Photo/VCG]

Major economic indicators in the Lin-gang Special Area of the China (Pilot) Free Trade Zone all maintained a growth rate of over 30 percent in the first three quarters this year, according to a quarterly work conference held in the area on Oct 19.

From January to September, the industrial operation output of Lin-gang Special Area is expected to reach 139.2 billion yuan ($20.84 billion), a year-on-year growth of 35 percent. Total industrial output value reached 109.2 billion yuan, up 32 percent year on year, while total fixed asset investment was 37.8 billion yuan, up 37.7 percent year on year.

A total of 236 entity projects involving a total investment of 198,769 billion yuan were signed with Lin-gang Special Area, and 12,238 enterprises were established in the area with a registered capital of 244.6 billion yuan.

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