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Jingzhou's "troika" operates steadily in the first half of 2019, fixed assets investment up 10.5%
Updated: 2019-09-11 12:00:58

Accordingto a source from the Jingzhou Municipal Bureau of Statistics, in the first halfof 2019, Jingzhou's fixed assets investment, total retail sales of consumergoods and total imports & exports were up 10.5 percent, 11.7 percent and2.0 percent year on year respectively. The "troika" driving the economicdevelopment of Jingzhou operated steadily.

Jingzhou'sfixed assets investment grew steadily. In the first half of 2019, Jingzhou'sfixed assets investment was up 10.5 percent year on year, 2.1 percent higherthan that registered in the same period of 2018. Major infrastructural projectssped up to significantly drive investment. Infrastructural investment accountsfor 31.8 percent of the total investment, 3.5 percent higher than thatregistered in the same period of 2018; an investment of 16.32 billion yuan wascompleted in real estate development, up 49.8 percent year on year above theprovince's average level, driving investment growth by 6.0 percent; 67 newbuilding enterprises were established. Jingzhou's building enterprises achieveda total output value of 11.45 billion yuan, up 11.7 percent year on year.

Jingzhou'sconsumer goods market grew steadily. In the first half of 2019, Jingzhou'stotal retail sales of consumer goods were 67.569 billion yuan, up 11.7 percentyear on year and 1.1 percent higher than that registered in the same period of2018. In Jingzhou's consumer good market, four industries-wholesaling,retailing, accommodation and catering sped up: the sales (turnover) growthrates of enterprises above designated size in the four industries are 4.6percent, 3.8 percent, 10.0 percent and 5.8 percent higher than those registeredin the same period of last year. Jingzhou's rural consumer market grew rapidlythan its urban consumer market: the retail sales of Jingzhou's urban consumermarket above designated size were up 15.9 percent year on year; the retailsales of Jingzhou's rural consumer market was up 33.9 percent, 18.0 percentabove the growth rate of Jingzhou urban consumer market. The transformation andupgrading of market consumption sped up: communication equipment such as smartphone,as well as wearable smart devices such as smart band and smart watch werepopular in the market. New energy sales were up 41.1 percent year on year.Commodity upgrading sped up and green consumption was increasingly prominent.

Jingzhou'simport and export were stable. In the first half of 2019, Jingzhou registeredtotal yuan-denominated imports and exports of 5.76 billion yuan, up 2.0 percentyear on year, including total imports of 1.26 billion yuan, up 105.0 percentyear on year and total exports of 4.5 billion yuan, down 10.6 percent year onyear.


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