Quzhou economy sees steady growth Jan-April

Quzhou in Zhejiang province experienced steady economic growth from January to April, with the added value of large-scale industries amounting to 19.87 billion yuan ($2.74 billion), a year-on-year increase of 12.2 percent, according to statistics released on May 21.

Strong growth was evident in key industries, including the manufacturing of electrical machinery and equipment, as well as the production of alcohol, beverages, and refined tea. Emerging industries, meanwhile, led the growth, with high-tech industries, high-end equipment manufacturing, core industries of the digital economy, and strategic emerging industries increasing by 76.5 percent, 62.2 percent, 49.6 percent, and 19.1 percent, respectively.

The city's fixed asset investment increased by 12.0 percent year-on-year, with investments in manufacturing and high-tech industries rising by 25.8 percent and 13.3 percent, respectively.

The consumer market continued to maintain a vibrant momentum, with the city's total retail sales of consumer goods reaching 28.77 billion yuan, an uptick of 9.3 percent year-on-year. Retail sales of green and smart products showed strong growth, with sales of wearable smart devices, smart phones, smart home appliances and audio-visual equipment, and new energy vehicles increasing by 470.1 percent, 126.7 percent, 65.4 percent, and 43.6 percent, respectively.

The general public budget revenue in Quzhou reached 9.10 billion yuan in the first four months of this year, up 10.7 percent year-on-year, with tax revenue growing by 3.6 percent.

Overall consumer prices remained stable, with the city's consumer price index (CPI) decreasing by 0.1 percent year-on-year.