Shenyang economy achieves steady growth

Shenyang’s economy saw significant growth in the first five months of 2018, as evidenced by several economic indicators, according to the Shenyang Municipal Bureau of Statistics.

Specifically，its industrial economy grew at a sustained and stable pace between January and May this year, with the added value of industries above a designated scale increasing by 11.5 percent year-on-year, 0.5 percentage points higher than the first quarter.

At the same time, fixed investment made a sustained recovery—65.89 billion yuan ($9.97 billion), with year-on-year growth of 33.9 percent, up 9.9 percent from the first quarter (January to March). This is the continuation of a year-long recovery. 

The consumer goods market also steadily grew. The retail sales of consumer goods above designated size reached 67.27 billion yuan, with a year-on-year rise of 6.7 percent, an increase of  1.7 percent from the first quarter.

In addition, foreign trade kept growing, with total import and export volume reaching 36.68 billion yuan, a year-on-year growth of 14.6 percent, 7.1 percent higher than the first quarter. Actual utilized foreign direct investment amounted to $0.38 billion, an increase by 39.8 percent year-on-year, 11 percent higher than the first quarter.

Moreover, financial revenue and expenditure maintained steady growth. The income of public budgets reached 30.87 billion yuan，with a 10.6 percent year-on-year growth. The expenditure of public budgets reached 37.14 billion yuan, an increase of 12.4 percent year on year.