Quzhou sees steady economic growth in Jan-Aug

Quzhou saw steady economic growth in the first eight months this year.

From January to August, the added value of the city's above-designated-size industrial enterprises was 40.72 billion yuan ($5.57 billion), an increase of 8.3 percent year-on-year. Among the city's 34 major industries, 22 saw positive growth in added value.

Investment saw relatively fast growth. The city's fixed asset investment increased by 16.3 percent year-on-year, among which manufacturing saw a rise of 40.6 percent. The city's private investment and high-tech industry investment increased by 19.4 and 58.3 percent, respectively.

From January to August, the total retail sales of consumer goods in the city expanded 9.3 percent to 58.62 billion yuan. Online consumption continued to boom, with retail sales expanding 29.6 percent year-on-year.

The city's fiscal revenue also grew rapidly, and its city's general public budget revenue was 15.13 billion yuan, an uptick of 20.4 percent year-on-year. Tax revenue saw a year-on-year increase of 16.5 percent to 11.4 billion yuan.

General public budget expenditures stood at 40.21 billion yuan, an increase of 6.1 percent. Expenditures on culture, tourism, sports and media, urban and rural communities, and education grew by 24.6 percent, 21.5 percent, and 15 percent, respectively.