Guangxi’s GDP up 6.4% in Q1

Updated: Apr 24, 2019 Print
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South China's Guangxi Zhuang autonomous region saw its regional GDP exceed 422.5 billion yuan ($62.94 billion) in the first quarter of this year, up 6.4 percent year on year, according to statistics released by the regional statistics bureau on April 19.

The added value of agriculture, forestry, animal husbandry and fisheries hit 39.4 billion yuan, representing year-on-year growth of 4.5 percent –– 0.9 percentage points higher than the same period last year.

The industrial added value of industrial enterprises above designated size witnessed a year-on-year increase of 5.1 percent. The output of new energy vehicles grew 1.5 times year on year, while the production of photo electronic devices saw a rise of 55.3 percent.

The tertiary sector enjoyed steady growth from January to March. The income of software and information technology services rose 21.4 percent, and the commercial services industry grew 17 percent.

Guangxi's fixed asset investment (excluding farmers) grew 4.3 percent year on year. Investment in the primary sector dropped 7.7 percent, while in the secondary and tertiary industries it rose 1.8 percent and 5.8 percent. The region's total retail sales of consumer goods reached 206.5 billion yuan, up 6.5 percent year on year.

During the first three months, the region's fiscal revenue was 78.3 billion yuan, a year-on-year increase of 9.8 percent –– 0.4 percentage points faster than the first two months of 2019. General public budget revenue amounted to 46 billion yuan, up 13 percent.

The employment situation remained stable in Q1, and a total of 94,600 new jobs were created. The per capita disposable income of the region was 6,241 yuan, up by 8.4 percent year on year.

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