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Xi'an sees 4.6% GDP growth in Q1-Q3

Updated: Nov 2, 2023 Print
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In the first three quarters of this year, the gross domestic product (GDP) of Xi'an, capital of Northwest China's Shaanxi province, grew by 4.6 percent year-on-year to 853.5 billion yuan ($116.67 billion).

During this period, the added value of the city's agriculture, forestry, animal husbandry, and fishery industries amounted to 21.89 billion yuan, a year-on-year growth of 3.1 percent, 0.2 percentage points higher than the first half of the year.

The added value of industries above a designated size in the city rose by 7.4 percent year-on-yearfrom January to September.

Over the ninth-month period, qualified construction companies in the city generated a total output value of 423.53 billion yuan, up by 6 percent year-on-year.

The city's service sector picked up during the period, with the added value of the sector up by 5.3 percent year-on-year. From January to August, the operating income of the service industry above a designated size increased by 9 percent, 0.4 percentage points higher than the first half of the year.

The city's fixed asset investment (excluding rural households) decreased by 7.7 percent year-on-year, narrowing the decline by 0.3 percentage points compared to January-August.

The investment structure continued to improve. Manufacturing investment grew by 8.4 percent, accounting for 15.6 percent of the fixed asset investment, an increase of 2.3 percentage points year-on-year.

From January to September, the total value of the city's imports and exports reached 263.98 billion yuan, a year-on-year decrease of 19.9 percent. However, the city's trade with countries and regions involved in the Belt and Road Initiative increased by 20.4 percent, accounting for 30.7 percent of the city's total foreign trade.

In addition, the consumer market continued to recover during this period, and the city's total retail sales of consumer goods were valued at 355.1 billion yuan, a year-on-year growth of 2.8 percent.

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