Xi'an sees stable economy in Jan-May

Xi'an, capital of Northwest China's Shaanxi province, saw its economy increase steadily from January to May.

During the period, the city's added value of industries above a designated size increased by 9 percent year-on-year. Of that, the total output value of the equipment manufacturing industry grew by 11.6 percent, 1.6 percentage points faster than the growth rate of the city's industrial output value above a designated size.

The city's investment in fixed assets (excluding rural households) rose by 6 percent year-on-year.

Market sales continued to increase, with retail sales of new energy vehicles up 105.9 percent.

In the five months, the retail sales of consumer goods of enterprises above a designated size in the city topped 101.83 billion yuan ($14.19 billion), a year-on-year increase of 9.6 percent.

In addition, the city's total import and export value amounted to 154.75 billion yuan from January to May. Imports and exports to countries involved in the Belt and Road Initiative increased by 42.9 percent, an increase of 12.8 percentage points over the same period of the previous year.