East China’s Jiangsu province reported a year-on-year increase of 5.6% in its industrial added value from January to October, the provincial bureau of statistics said Tuesday.
The growth of the industrial added value in the ten-month period was down 0.2 percentage points from the first nine month of the year.
The industrial added value of SOEs and private firms recorded a surge of 11.9% and 9.3% year on year.
From January to October, the province’s investment in fixed assets increased by 4.9% year-on-year, 0.2 percentage points higher than that from January to September.
The province also saw an increase of 23.2% in the investment in high-tech industries. The investment structure continued to be optimized, and the high-tech investment continued to strengthen the inherent motivation for transformation and upgrading.
From January to October, the total retail sales of consumer goods in Jiangsu increased by 6.5% year-on-year, 0.2 percentage points slower than that in the January-September period, indicating continuously improving consumption structures. A decline was reported in the retail sales of oil and products and automobile products while the sales of basic lifestyle commodities slowed down.
(Source:ourjiangsu.com)
