Shanxi's economy sees Jan-Aug improvement

(goshanxi.com.cn)

Updated: 2024-10-09

The latest data released by the Shanxi Provincial Bureau of Statistics reveals that Shanxi province's economy maintained an overall trend of recovery and improvement in the first eight months of this year.

Fixed asset investment in the province continued to grow, with significant contributions from industrial investments, leading to a 1.6-percent year-on-year increase. Industrial investment surged 9.6 percent, with manufacturing investment up 6.1 percent.

Investment in emerging industries showed promising momentum, with equipment manufacturing investment soaring by 40.2 percent. High-tech industry investment rose by 23.9 percent, including a 52.8-percent increase in high-tech manufacturing and a 32.1-percent growth in new energy power generation.

Stable market sales were observed, particularly in upgraded goods. The total retail sales of consumer goods in the province reached 523.32 billion yuan ($74.07 billion), up 1.9 percent from last year.

The tourism market continued to heat up, with key scenic areas in the province welcoming 72.61 million visits, marking a 14.7-percent increase compared to the previous period. Ticket revenue reached 2.31 billion yuan, up by 14.9 percent, while operational revenue reached 3.91 billion yuan, showing an 11.1-percent increase.

Exports and imports experienced rapid growth, with the total goods trade value reaching 117.24 billion yuan in the province, a 12.2-percent year-on-year increase. Exports amounted to 71.82 billion yuan, up 11.5 percent, while imports reached 45.42 billion yuan, showing a 13.3-percent increase.