Quzhou's GDP up 7.7% in H1

Quzhou's gross domestic product (GDP) totaled 99.45 billion yuan ($13.82 billion) in the first half of 2023, a year-on-year increase of 7.7 percent, according to the Quzhou statistics bureau.

During this period, the added value of the city's primary, secondary and tertiary industries reached 4.18 billion yuan, 41.86 billion yuan, and 53.44 billion yuan, up 5.5 percent, 5.9 percent and 9.2 percent, respectively.

The added value of the city's above-designated-size industrial enterprises amounted to 29.92 billion yuan, an uptick of 7 percent.

Among 34 industrial categories, 21 registered positive growth in added value, with emerging industries seeing the strongest growth.

The consumer market also picked up in the first six months. The total retail sales of social consumer goods in the city reached 42.66 billion yuan, an increase of 9.7 percent, and the growth rate was 1.4 percentage points higher than that in the first quarter.

The added value of the city's service industry increased by 9.2 percent, of which the wholesale and retail industry increased by 11.8 percent, the transportation, warehousing and postal industry saw an increase of 10.7 percent, the accommodation and catering industry expanded 16 percent, the financial industry went up by 12 percent, and the information transmission, software and information technology grew by 14.4 percent.

Meanwhile, the city's fixed asset investment increased by 12.5 percent and industrial investment increased by 48.5 percent, of which investment in manufacturing, high-tech industries, and private projects grew by 41.5 percent, 59.5 percent and 26.4 percent, respectively.

The per capita disposable income of urban residents was 34,562 yuan, an increase of 6.2 percent, while that of rural residents was 17,468 yuan, up 7.8 percent. The per capita disposable income ratio of urban and rural residents was 1.979, 0.029 lower than that of the same period last year.