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Steady Rise in Zhejiang Economy over the Past Five Months
2017-06-19 09:58:15

Reporters learned from the Provincial Bureau of Statistics that this year Zhejiang has never diverted from the guideline of the “Eight Strengths and Eight Moves” Strategy, has deepened supply-side structural reform and accelerated transformation and innovation. Zhejiang’s economy continues to go up. From January to May, Zhejiang's industrial structure has been improved, the growth rate of investment has been steady, the proportion of private investment has increased, and imports and exports have grown rapidly.
The industrial structure and effectiveness will continue to improve and the high-tech industry develops rapidly. In May, the added value of industrial enterprises above designated size grew by 8.1% year on year, 1.6% higher than that of national average, showing the highest growth since April in 2016. From January to May, the added value of industrial enterprises above designated size has been up to 600.2 billion yuan, with a year-on-year growth of 7.6%, among which the added value of high-tech, equipment manufacturing and strategic emerging industries grew faster than that of industrial enterprises above designated size and the added value of the eight energy-intensive industries reduced by 1.5% among industrial enterprises above designated size. Supply-side structural reform continues to show outstanding effectiveness.
The investment grows steadily, and the growth and proportion of private investment rise. Investment in fixed assets reached 1104.6 billion yuan, a year-on-year increase of 9.3%, 0.7% higher than that of national average.
Share of exports grows among the national share and the export volume of high-end products increases. From January to May, the total import and export volume of Zhejiang reached 996.1 billion yuan, a year-on-year increase of 19.6%, among which export volume is 750.2 billion yuan, an increase of 13.6%, import volume 245.9 billion yuan, an increase of 42.9%. Share of exports accounts for 12.8% of the country.

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