Economy > Regional

China's Jiangsu sees GDP up 4.6 pct in Q1

NANJING
2022-04-26 16:26

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NANJING, April 26 (Xinhua) -- The gross domestic product (GDP) of east China's Jiangsu Province grew by 4.6 percent year on year in the first quarter of 2022, reaching 2.8 trillion yuan (about 424.7 billion U.S. dollars), according to the provincial statistical bureau.

The added values of Jiangsu's primary, secondary and tertiary industries in the first quarter were 59.3 billion yuan, 1.2 trillion yuan and 1.5 trillion yuan, respectively, up 3.1 percent, 5.3 percent, and 4 percent year on year.

Over the period, Jiangsu's fixed-asset investment went up 7.3 percent year on year. Industrial investment and private investment increased by 19.5 percent and 6.8 percent year on year, respectively.

Jiangsu also saw steady foreign trade growth over the first three months. The province's total import and export value hit 1.3 trillion yuan in the first quarter, up 14 percent year on year. Of this, exports increased 15 percent year on year to 802.8 billion yuan, while imports rose by 12.3 percent to 485.6 billion yuan.
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