Quzhou's economy continues to improve in Jan-July

A car festival is held in Quzhou, East China's Zhejiang province. [Photo/qz123.com]

The Quzhou statistics bureau released figures on the economic performance of Quzhou in the first seven months of this year on Aug 21.

From January to July, the  added value of the city's industrial enterprises above designated size increased by 6.9 percent year-on-year. Emerging industries maintained rapid growth, with the core industries of digital economy, high-end equipment, and high technology, as well as manufacturing in strategic emerging industries, growing by 44.1 percent, 38.4 percent, 24 percent, and 19.3 percent, respectively.

During this period, the city's fixed asset investment witnessed a year-on-year increase of 12.9 percent, surpassing the growth rate in the first half by 0.4 percentage points.

Private project investment rose by 26.3 percent, while manufacturing investment experienced saw a surge of 38.5 percent. Investment in the high-tech industry also saw remarkable growth, achieving a 55.1-percent increase.

Total retail sales of social consumer goods in the city expanded 8.9 percent year-on-year due to the issuance of car purchase subsidies, electronic consumer coupons for home appliances and communication products and sports consumption coupons from relevant departments.

Retail sales of communication equipment soared by 47.9 percent, while gold and silver jewelry sales surged by 38.3 percent. The tobacco and alcohol industry saw a growth of 14.6 percent.