Nantong sees GDP up 4.3% in Q1

The GDP of Nantong in East China's Jiangsu province grew 4.3 percent year-on-year in the first quarter of 2022 to reach 271.4 billion yuan ($41.42 billion), according to the municipal statistical bureau.

The added values of the city's primary, secondary and tertiary industries in the first quarter were 6.52 billion yuan, 136.4 billion yuan and 128.49 billion yuan, respectively, up 7 percent, 5.1 percent, and 3.4 percent year-on-year.

The general public budget revenue in Nantong reached 20.98 billion yuan, a year-on-year increase of 1.7 percent while its general public budget expenditure grew by 9.9 percent year-on-year.

Over the period, Nantong's high-tech industry investment went up 11 percent year-on-year while its investment in high-tech manufacturing industry increased by 14.2 percent year-on-year.

From January to March, the per capita disposal income of local residents totaled 15,839 yuan, a year-on-year increase of 6.5 percent, 0.1 percentage points higher than the provincial average.

The per capita disposal income of urban and rural residents expanded by 6 percent and 7.2 percent respectively to 18,668 yuan and 11,014 yuan.

The foreign trade of Nantong jumped 22.3 percent year-on-year to 83.62 billion yuan ($13.06 billion) in the Jan-March period. Its exports grew by 20.5 percent on a yearly basis to 53.97 billion yuan while imports increased by 25.6 percent to 29.65 billion yuan.