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Fujian's GDP grows 2.4% in Jan-Sept period

chinadaily.com.cn | Updated: 2020-10-21

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East China's Fujian province reports a 2.4 percent year-on-year growth in its GDP in the first three quarters of the year. [Photo/IC]

East China's Fujian province reported a 2.4 percent year-on-year growth in its GDP in the first three quarters of the year, according to statistics released by the provincial statistics bureau.

The value added of the province's primary, secondary and tertiary sectors increased by 3.5 percent, 1.8 percent, and 2.8 percent, respectively, according to statistics.

Due to the COVID-19 pandemic earlier this year, the province has rolled out an array of supporting measures to help enterprises reopen, stabilize foreign trade, and revive the economy, which have benefited the province's social and economic development.

Data show that new types of business such as online shopping are surging this year, with online retail sales of above-quota wholesale and retail enterprises seeing a year-on-year growth of 14 percent in the January to September period.

The number of newly registered market players in Fujian saw an increase of 18.56 percent in the first three quarters of this year, bringing the total number to over 5 million.

Fujian's real economy also grew from January to September this year, and statistics show that the added value of industrial enterprises above a designated size increased 1.8 percent year-on-year.  

Growth in fixed-asset investment turned positive in August for the first time this year, and came in at 1.4 percent year-on-year during the January-September period.

Fujian's consumption market maintained its recovery momentum throughout the period, and a shopping festival was launched in the province in September, resulting in over 150 billion yuan ($22.5 billion) in consumer spending in the first three quarters of the year. The province's culture and tourism market also saw a strong recovery in the third quarter of this year, and it received 39.28 million visitors during the eight-day National Day and Mid-Autumn Festival holiday, up 5.5 percent year-on-year.

Meanwhile, the value of Fujian's foreign trade exceeded 1 trillion yuan in the first nine months of this year, an increase of 3.8 percent year-on-year, 3.1 percentage points higher than the national average.

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