Xi'an sees GDP increase by 5.6% in H1

In the first half of this year, Xi'an, capital of Northwest China's Shaanxi province, maintained stable growth in its economic development, with its GDP reaching 560.5 billion yuan ($78.56 billion) during the period, an increase of 5.6 percent compared to the same period last year.

The city's added value of the primary, secondary, and tertiary industries increased by 2.6 percent, 5.7 percent, and 5.7 percent year-on-year, reaching 11.72 billion yuan, 188.76 billion yuan, and 360.02 billion yuan, respectively.

Over the duration of the first half of the current year, the agricultural sector has been able to sustain a consistent rate of production. The amalgamated worth of the industries related to agriculture, forestry, animal husbandry, and fishery has amounted to an impressive sum of 13.69 billion yuan, which demonstrates an increase of 2.9 percent compared to the preceding year.

The city saw rapid growth in its industrial development in the first half. Its industrial added value of industries above the designated size grew 9 percent year-on-year.

Also, the city's added value of the service industry rose by 5.7 percent year-on-year. The structure of foreign trade continued to optimize, and the financial market operated smoothly.

Manufacturing investment remained strong. The city's equipment and high-tech manufacturing investment increased by 12.3 percent and 5.8 percent, respectively.

During the six months, the city's total retail sales of consumer goods grew by 6.1 percent to 235.34 billion yuan, showing a strong recovery of the consumer market.