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Yangquan sees steady economic growth in 2022

Updated: 2023-02-09

The gross domestic product of Yangquan in North China's Shanxi province increased 3.5 percent to 101.29 billion yuan ($14.93 billion) in 2022, according to the Yangquan statistics bureau. 

The added value of Yangquan's primary, secondary and tertiary sectors reached 1.60 billion yuan, 56.29 billion yuan, and 43.40 billion yuan, respectively, up 4.3 percent, 5.9 percent and 1.3 percent year-on-year.

Its general public budget revenue came in at 8.20 billion yuan, a record high, while the general public budget expenditure increased 22.7 percent to 15.85 billion yuan. The city's fixed asset investment increased 4.5 percent. 

The city's grain output in 2022 was 236,957 metric tons, while grain growth increased 0.37 percent to about 551 square kilometers. The output value of the farming, forestry, animal husbandry and fishing industries grew by a combined 4.4 percent year-on-year to 2.76 billion yuan.

The added value of industrial companies above designated size – those with an annual sales revenue of 20 million yuan or more – increased 8.7 percent. 

Among the city's industries, the added value of the manufacturing industry grew 20.6 percent compared with that of 2021. 

Last year, Yangquan's foreign trade value was 1.06 billion yuan, decreasing 19.4 percent year-on-year. Imports totaled 400 million yuan, down 53.0 percent, while exports totaled 660 million yuan, up 40.9 percent.

Total local retail sales of consumer goods in the city decreased 1.1 percent year-on-year to 32.45 billion yuan. In addition, consumer prices saw a moderate increase of 1.8 percent when compared to 2021 statistics. 

The per capita disposable income of urban and rural residents in the city grew 4.9 percent and 5.7 percent year-on-year, standing at 39,300 yuan and 19,057 yuan in 2022, respectively.

In addition, 19,610 people found employment in the province's urban areas, while 10,170 rural laborers found work outside rural areas.