China's Jiangsu sees GDP up 4.6% in Q1

NANJING - 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 ($424.7 billion), 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.