Shanxi's economic growth remains positive in first three quarters

(goshanxi.com.cn)

According to data released by the Shanxi Provincial Bureau of Statistics on Oct 30, North China's Shanxi province's economic growth remains positive in first three quarters, with revenue from key monitored tourist attractions in the province increased by 12.2 percent year-on-year.

Total retail sales of consumer goods reached 594.67 billion yuan ($83.48 billion), a year-on-year increase of 1.9 percent. Urban retail sales amounted to 485.67 billion yuan, growing by 1.5 percent, while rural retail sales were 109 billion yuan, up 3.6 percent. Commodity retail sales totaled 528.39 billion yuan, up 1.6 percent, while catering revenue reached 66.27 billion yuan, growing by 4.1 percent. Retail sales of consumer goods by enterprises above the designated size stood at 217.34 billion yuan, up 0.4 percent.

Upgraded goods consumption showed significant growth, with retail sales of cultural and office supplies by enterprises above the designated size increasing by 49.7 percent, including a 130-percent rise in computer-related products. Retail sales of wearable smart devices, smartphones, and sports and recreational articles grew by 27.2 percent, 21.6 percent, and 7.9 percent, respectively.

A new trade-in policy has stimulated consumption in certain sectors, with retail sales of new energy vehicles by enterprises above the designated size increasing by 28.5 percent. Retail sales of communication equipment, smart home appliances, and audio-visual products rose by 15.9 percent and 16.4 percent, respectively.

The tourism market also performed strongly, with key monitored tourist attractions receiving 80.9 million visits, a year-on-year increase of 13.8 percent. Ticket revenue reached 2.56 billion yuan, growing by 14.6 percent.

Imports and exports also saw rapid growth, totaling 130.8 billion yuan, a year-on-year increase of 7.9 percent. Exports accounted for 79.96 billion yuan, a growth rate of 5.9 percent, while imports totaled 50.84 billion yuan, rising by 11.2 percent.