By outdoor-nature-child.com On October 24, the Jiangsu Provincial Bureau of Statistics announced that the province achieved a Gross Domestic Product (GDP) of 97,744.3 billion yuan in the first three quarters of this year, reflecting a year-on-year increase of 5.7% when adjusted for constant prices. This performance stands out against the national GDP growth of 4.8%, which totaled 949,746 billion yuan during the same period.
In an interview, a representative from the Jiangsu Provincial Bureau of Statistics remarked on the overall stability and gradual progress of the province’s economy. They noted that production and demand are steadily growing, employment and prices remain stable, and new forms of productivity are developing consistently. High-quality growth continues to be a priority, contributing to a positive recovery trend with several indicators showing promising results.
The representative highlighted robust agricultural production, rapid industrial growth, and steady improvement in the service sector. Fixed asset investment has maintained a stable increase, and emerging industries are experiencing accelerated development.
For example, in the area of emerging industries, advanced manufacturing is on the rise. In the first three quarters of the year, high-tech industries in Jiangsu accounted for 50.8% of the output value in above-scale industries, a slight increase from the first half of the year. The added value of high-tech manufacturing also saw a year-on-year growth of 9.6%, which is 0.7 percentage points faster than previous figures. Additionally, the core manufacturing of digital products experienced an 11.0% increase, outpacing the overall growth of all above-scale industries by 3.1 percentage points.
Modern services have also shown positive trends. In the first eight months of this year, the revenue from high-tech services in Jiangsu grew by 8.9% year-on-year, with the internet and related services surging by 20.9%. Policies promoting major equipment upgrades and the replacement of consumer goods have been effective. Equipment investment in Jiangsu increased by 42.7% compared to last year, accelerating by 38.9 percentage points from the first half of the year. Additionally, retail sales for household appliances and audio-visual equipment rose by 13.8%, while new energy vehicle sales increased by 35.2%, contributing significantly to the overall retail growth.