City’s GDP Rises 8.7% Year on Year

Authors: Go Chengdu


Chengdu witnessed a sound and stable economic growth from January to September, according to the Chengdu Municipal Bureau of Statistics (CMBS) recently.
An official from the CMBS revealed that Chengdu’s GDP in the first nine months reached RMB732.06 billion (approx. US$118.07billion), a year-on-year increase of 8.7% and 1.3 percentage points higher than the national average, as well as 0.2 percentage point higher than the provincial average.
From Jan. to Sept., the city’s secondary industry saw a strong momentum of growth, with an added value jumping 10% to RMB335.67billion (US$ 54.14billion). In addition, the added value from the primary industry went up 3.4% to RMB29.35billion (US$ 4.73billion), and that from the tertiary industry 7.8% to RMB367.04billion (approx. US$59.2).
During the period, the city’s financial industry saw a rapid growth and its added value increased 12.8% compared with the same period of last year.
The city’s Internet consumption grew sharply. Its total retail sales of consumable goods amounted to RMB305.26billion (approx. US$49.24billion), up 12.9% year on year. Among the amount, RMB9.58billion (approx. US$1.55billion), up 42.4%, came from the gross online retail sales of companies above the designated scale, and RMB75.52billion (approx. US$ 12.18billion), 20.6%, from auto industry.
The city’s total foreign trade volume jumped a remarkable 15.7% year-on-year to US$41.46 billion, up 2.9 percentage points over the first six months of this year, of which US$25.31 billion was contributed by gross exports, up 12.4% over this year’s first half, a growth rate of 3.5 percentage points over a year earlier.
During the past nine months, with an increase in consumer price index (CPI) of 1.3% compared with last year’s same period, the city’s consumer prices kept a steady fall, 1.8 percentage points lower than the same period of last year.

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