Zhoushan's GDP up 7.1% in Q1

Zhoushan's gross domestic product (GDP) in the first quarter of 2023 was valued at 48.1 billion yuan ($6.94 billion), a year-on-year increase of 7.1 percent, according to statistics released by the Zhoushan bureau of statistics on April 25.

The added value of the city's primary, secondary, and tertiary industries was 2.89 billion yuan, 24 billion yuan and 21.21 billion yuan, up 4.5 percent, 6.9 percent, and 7.7 percent respectively.

Its agriculture, forestry, animal husbandry, and fishery industries registered a year-on-year increase of 4.5 percent to reach 5.13 billion yuan.

The industrial added value of enterprises above designated size in Zhoushan expanded 12.3 percent year-on-year during the period.

Stable growth was seen in the service sector, which registered a year-on-year growth of 3.7 percent in added value from January to March.

The city's retail sales of social consumer goods recorded an uptick of 2.4 percent to 13.23 billion yuan.

Income levels also improved. The city's overall per capita disposable income in the first quarter increased by 3.8 percent to 19,935 yuan. The per capita disposable income of urban residents rose to 23,134 yuan, while the figure for rural residents was 13,109 yuan.