Shanxi's economy rebounds in Q1

Shanxi province's GDP in the first quarter grew 5 percent year-on-year to 582.43 billion yuan ($84.51 billion), according to the Shanxi Statistics Bureau on April 21.

From January to March, the added value of the primary, secondary and tertiary sectors of the province's economy reached 17.11 billion yuan, 291.08 billion yuan, and 274.25 billion yuan, respectively, up 3.8 percent, 5.1 percent and 4.9 percent year-on-year. 

The province's coal, electricity and natural gas supply remained safe and stable. In the first quarter, raw coal output was 333.17 million metric tons, a year-on-year increase of 5.9 percent. Power generation increased 8.2 percent year-on-year to 110.29 billion kWh, while unconventional natural gas production was 3.49 billion cubic meters, up 8.4 percent. 

In the manufacturing industry, the comprehensive utilization of waste resources increased 98.9 percent. Among strategic emerging industries, the added value of energy conservation and environmental protection industry increased 29.9 percent. 

Consumption has also been picking up. The added value of the accommodation and catering sectors increased 14.2 percent year-on-year. The retail sales of new energy vehicles and wearable smart devices rose 43.4 percent and 31.2 percent year-on-year, respectively. 

With 2023 off to a good start, the growth rate of the province's fiscal revenue rebounded to 106.46 billion yuan, up 4.4 percent year-on-year.