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Nantong's GDP up 13.3% in H1

en.nantong.gov.cn Updated: 2021-07-29

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An aerial view of a port in Nantong, Jiangsu province on July 8. [Photo/for China Daily by Zhai Huiyong]

The regional gross domestic product in Nantong, East China's Jiangsu province increased 13.3 percent year-on-year to nearly 548.32 billion yuan ($84.72 billion) in the first half of this year, according to the city's statistics bureau.

The added values of the primary, secondary, and tertiary industries were 19.26 billion yuan, 267.86 billion yuan, as well as 261.2 billion yuan respectively, up 3.5 percent, 15.9 percent, and 11.5 percent year-on-year. 

The added value of industrial companies above designated size, which are those with annual revenue of 20 million yuan and over, increased 21.6 percent year-on-year, while the combined output of these companies rose 32.4 percent.

In addition, the city's service sector has seen a significant rebound. The revenue of service companies above designated size reached 44.68 billion yuan from January to May, up 37.8 percent year-on-year.

Of that, the transport, storage, and postal sector increased 33.4 percent, the rent and business service sector grew by 57.3 percent, the information transmission software and information technology service sector increased 33.7 percent, while the scientific research and technology service sector grew by 64.5 percent.

Statistics also show that the retail sales of consumer goods in Nantong increased 29 percent year-on-year to 196 billion yuan in the first half of the year. The online retail sales of businesses above designated size, which are those with an annual retail sales volume of 5 million yuan and over, increased 90.5 percent year-on-year to 4.15 billion yuan.

During this period, the city's fixed-asset investment increased 13.6 percent, while investment in its high-tech manufacturing and service sectors increased 65.7 percent and 50.7 percent respectively.

Stable growth was also seen in the city's cargo imports and exports, which were valued at 150.36 billion yuan in the first half of the year, up 27 percent.

Of that, imports increased 25.4 percent to 49.58 billion yuan, while exports increased 27.8 percent to 100.78 billion yuan.

Notably, exports of mechanical and electrical products rose 46.9 percent, accounting for 45.7 percent of the city's total export volume during this period.

In addition, the per capita disposable income of the city increased 14.1 percent year-on-year to 24,407 yuan. Of that, urban residents had an average per capital disposal income of 30,091 yuan, up 13.1 percent, while rural residents averaged 14,905 yuan, up 16.5 percent.