Quzhou sees stable economic growth in Jan-May

According to the Quzhou statistics bureau, Quzhou's economy saw strong growth in the first five months.

The added value of the city's industrial enterprises above designated size reached 24.33 billion yuan ($3.36 billion), a year-on-year increase of 6.4 percent. Among them, key industries such as electrical machinery and equipment manufacturing and computer and communication electronic equipment manufacturing maintained double-digit growth.

The city's fixed asset investment increased by 12.8 percent year-on-year from January to May, with investment in the high-tech industry growing by 60.7 percent. The city's real estate investment increased by 3.8 percent, and the sales area and sales volume of commercial housing increased by 21.1 percent and 40 percent, respectively.

In addition, the city's retail sales of consumer goods reached 34.46 billion yuan during the period, up 12.2 percent year-on-year.

The city's general public budget revenue totaled 9.44 billion yuan, an increase of 28.6 percent year-on-year, while its general public budget expenditure was 24.29 billion yuan, with urban and rural community expenditure and education expenditure increasing by 110.7 percent and 24.3 percent, respectively.