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Xi'an achieves stable economic growth in Q1

Updated: May 8, 2024 Print
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In the first quarter of this year, Xi'an has made concerted efforts to stabilize its industries, boost investment, and stimulate consumption, leading to a smooth start in economic operations.

During the period, the city's GDP reached 288.29 billion yuan ($39.91 billion), marking a 2.7-percent year-on-year growth. Specifically, the added values in its primary, secondary and tertiary industries amounted to 3.44 billion yuan, 91.11 billion yuan, and 193.74 billion yuan, respectively, increasing by 3.2 percent, 1.9 percent and 3 percent.

Xi'an's agricultural production situation remained stable from January to March, with the added value of the city's agriculture, forestry, animal husbandry, and fishery industries reaching 4.25 billion yuan, a 3.5-percent increase compared to the previous year.

Additionally, the industrial sector maintained steady growth, with the added value of related industries above a designated size in the city growing by 2.7 percent year-on-year in the first quarter.

In addition, the service industry saw steady growth, with rapid development seen in the technology service sector. From January to February, the operating income of the city's service enterprises above a designated size reached 58.42 billion yuan, up by 7.5 percent year-on-year.

Meanwhile, Xi'an experienced rapid growth in its import and export sector, consolidating its competitive advantage in foreign trade.

In the first quarter, the city's total value of imports and exports reached 100.05 billion yuan, a 7.4-percent year-on-year increase. Of that, exports came in at 64.99 billion yuan, up by 10.1 percent, while imports amounted to 35.05 billion yuan, showing a 2.8-percent growth.

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