Hunan’s growth rate of investment, consumption, and export ranks first in central China
It was learned from the Economic Operation Situation Symposium by Hunan Provincial People's Government on June 3, that the province's economy saw steady progress this year. From January to April, its growth rate of investment, consumption and export ranked first in all provinces of central China.
Since the beginning of this year, the province has experienced sustainable growth in domestic demand and rapid increase in investment. In the first four months, Hunan achieved 449.1 billion yuan fixed asset investment, with the growing rate above 20%, standing at 21.8%, which is 4.5% higher than the national average, although slight slow-down was observed. The province witnessed stable growth in industrial investment. During the four months, Hunan's paid-in industrial investment totaled 190.104 billion yuan, rising by 20.2%, 5.6% higher than the national average. Besides, the province's investment pattern got constantly adjusted and optimized. The area's investment in strategic emerging industry and high-tech industry grew by 23.2% and 27.5% respectively.
At present, the province's consumption market is witnessing good momentum. The growing rate of total retail sales of consumer goods increased month by month, standing at 12.5%, 12.7%, and 13.1% in January and February, March, and April respectively.
Moreover, the province's opening-up level was constantly enhanced. In the first four months, Hunan achieved 7.596 billion USD of import and export volume, a year-on-year increase of 11%.
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