Pingyao meeting analyzes strong economic performance to date

Shi Yong, head of Pingyao county, addresses a meeting on the county's economic performance so far this year, on Oct 25. [Photo/pingyao.gov.cn]

A meeting analyzing the progress made by the economy in the first three quarters of 2019 was held in Pingyao county on Oct 25, according to local officials.

The meeting -- presided over by Shi Yong, head of Pingyao county -- released major economic indicators, data on the latest progress in key construction projects and information investment promotions in the first three quarters. 

During the period, the GDP of Pingyao county hit 9.01 billion yuan ($1.28 billion), representing year-on-year growth of 8.2 percent. 

The latest data showed that the added value of the primary sector of the local economy was 740 million yuan in the period, down 3.6 percent year-on-year; the added value of the secondary sector was 2.80 billion yuan, up 9.4 percent year-on-year; while the added value of the tertiary sector was 5.47 billion yuan, increasing 9.4 percent year-on-year.

Officials said that in general, the county's economy remained in stable development in the first three quarters. However, the county is still faced with many difficulties and challenges in its economic growth, according to Shi Yong. 

He stressed that Pingyao will next further optimize its investment structure and increase its effective investment, promote fixed asset investment, stabilize coal and coking production, accelerate the development of non-coal industries, and further optimize its industrial structure.