Quzhou's GDP up 7.3% in Q1

The GDP of Quzhou in Zhejiang province reached 50.77 billion yuan ($7 billion) in the first quarter of this year, marking a 7.3 percent year-on-year increase, according to authorities.

The added values of the city's primary industry, secondary industry and tertiary industry amounted to 1.33 billion yuan, 20.68 billion yuan, and 28.76 billion yuan, respectively, up 4.1 percent, 8.1 percent, and 6.9 percent.

The total output value of Quzhou's agriculture, forestry, animal husbandry, and fishery industries stood at 2.62 billion yuan, an uptick of 4.2 percent year-on-year.

The added value of the city's large-scale industries was valued at 14.28 billion yuan, an 11.8 percent year-on-year increase. High-tech industries, high-end equipment manufacturing, core industries in the digital economy, and strategic emerging industries grew by 78.1 percent, 66.6 percent, 51.4 percent, and 18.8 percent, respectively.

The added value of the service industry surged by 6.9 percent year-on-year. Among them, the wholesale and retail industry grew by 15.7 percent.

The total retail sales of consumer goods in the city totaled 21.31 billion yuan, an increase of 10.8 percent year-on-year.

The city's general public budget revenue reached 7.17 billion yuan, a year-on-year increase of 10.4 percent, with tax revenue amounting to 5.47 billion yuan, a 1.8 percent increase.

The per capita disposable income of urban residents in the city was 19,940 yuan, a year-on-year increase of 6.4 percent, while the per capita disposable income of rural residents was 9,434 yuan, up 8.9 percent.