Quzhou sees stable economy in Jan-Oct

The added value of Quzhou's industrial enterprises above designated size reached 51.36 billion yuan ($7.19 billion) from January to October, an increase of 8 percent year-on-year, according the Quzhou municipal bureau of statistics.

The electrical machinery and equipment manufacturing industry grew by 94.1 percent, while core industries of the digital economy and high-end equipment increased 45.4 percent and 41.1 percent, respectively.

The city's fixed asset investment saw an increase of 17.2 percent year-on-year, while private investment, which accounted for 49 percent of fixed asset investment, grew by 22.7 percent. Manufacturing investment and high-tech investment increased by 55.5 percent and 47.9 percent, respectively.

The city's total retail sales of consumer goods amounted to 76.88 billion yuan, an uptick of 9.1 percent year-on-year.

In addition, the city's general public budget revenue expanded 19.7 percent year-on-year to 18.9 billion yuan during this period. Tax revenue amounted to 14.12 billion yuan, up 12.8 percent. The general public budget expenditure was 47.52 billion yuan, an increase of 5.1 percent.