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Jining's economy surges from Jan to April

chinadaily.com.cn| Updated: June 12, 2024
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Jining has reported impressive economic figures for the first four months of the year, with fiscal revenue reaching 19.69 billion yuan ($2.71 billion), reflecting a 5.1 percent year-on-year increase, according to the Jining municipal bureau of statistics.

The industrial sector has contributed significantly to this growth, with the added value of industrial enterprises above a designated size posting a 9.2 percent increase. The coal, papermaking, coke production, and rubber industries have experienced substantial growth, with year-on-year increases of 14.7 percent, 15.1 percent, 15.9 percent, and 19 percent, respectively.

Consumer spending has also been robust, with total retail sales of consumer goods hitting 101.89 billion yuan, an 8.7 percent year-on-year rise. The city's foreign trade has seen a remarkable surge, with total imports and exports valued at 36.47 billion yuan, a staggering 47.6 percent increase from the previous year.