NANJING, China, 22nd July, 2023 (WAM) — According to provincial statistical authorities, the gross domestic product (GDP) of Jiangsu Province in east China surpassed 6 trillion yuan (approximately 839.68 billion U.S. dollars), growing by 6.6 percent year on year during the first half of 2023, as reported by Xinhua state news agency. The value added of Jiangsu’s primary, secondary, and tertiary industries in the first half of the year reached approximately 172 billion yuan, 2.66 trillion yuan, and 3.2 trillion yuan respectively, representing a year on year growth rate of 3.5%, 7.1%, and 6.3%. During the period, Jiangsu’s fixed-asset investment witnessed a year-on-year increase of 5.5 percent. Notably, manufacturing investment exhibited a robust growth of 10.1 percent, while infrastructure investment experienced a moderate rise of 3.6 percent. Driven by a range of measures aimed at stimulating consumption, Jiangsu Province witnessed a 10% year-on-year increase in total retail sales of consumer goods, reaching 2.3 trillion yuan during the first half of the year. Notably, its catering sector experienced remarkable growth with an impressive 23.4% expansion. Tariq Al Fahaam/
Source: Emirates News Agency (WAM)