Tongzhou's economy sees recovery in first quarter

Updated: May 5, 2023 en.nantong.gov.cn Print

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Tongzhou district in Nantong, East China's Jiangsu province, saw a steady economic recovery in the first quarter with a GDP of 41.42 billion yuan ($5.99 billion), a year-on-year increase of 5.8 percent.

The added values of its primary, secondary, and tertiary industries reached 1.13 billion yuan, 21.17 billion yuan, and 19.12 billion yuan, respectively.

The agriculture sector achieved strong results, with a 5.1 percent year-on-year increase in total output and added value.

The output value of the district’s industries above designated size increased by 10.1 percent year-on-year, while the revenue of key service industries grew by 26.5 percent from January to February.

Fixed asset investment in Tongzhou increased by 4.1 percent quarter-on-quarter, while retail sales of consumer goods increased by 16.3 percent.

In addition, the region's foreign trade increased by 14.5 percent quarter-on-quarter, while residents' per capita disposable income reached 16,601 yuan, a 4.0 percent quarter-on-quarter increase.

Tongzhou's consumer market has also shown a significant rebound. The retail sales of consumer goods in the district increased by 16.3 percent in the first quarter.