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Taizhou's economy shows positive growth in first two months

Updated: Mar 29, 2024 etaizhou.gov.cn Print
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Data from the Taizhou municipal bureau of statistics – located in the city of the same name in East China's Jiangsu province – recently revealed a great January and February in the economy of the city.

Key highlights included a 9.5 percent year-on-year increase in fixed asset investment, outperforming the national average by 5.3 percentage points and ranking it third in Jiangsu province.

Industrial investment also saw significant growth, rising by 20.3 percent and securing the city's sixth position in the provincial rankings.

Major project construction continued to progress, with 11 projects costing over 100 million yuan ($138.2 million) each breaking ground. Planned total investment increased by 25.8 percent, reaching 4.08 billion yuan, while actual investment surged by a whopping 235.5 percent to 487 million yuan.

Taizhou's foreign trade sector also flourished, with the total value of imports and exports hitting 29.37 billion yuan, a year-on-year leap of 64.1 percent. Notably, private enterprises played a significant role in driving foreign trade growth, with the value of their imports and exports spiking by 107.7 percent.

Consumer spending remained robust, with total retail sales of consumer goods reaching 33.40 billion yuan during the first two months, up 7.9 percent year-on-year.

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