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Chongqing’s GDP up 0.8 percent in H1

Abstract : The regional gross domestic product (GDP) of southwest China's Chongqing Municipality expanded by 0.8 percent year on year to 1.12 trillion yuan (about 160 billion U.S. dollars) in the first half of this year, local authorities said Tuesday.

CHONGQING, July 21 (Xinhua) — The regional gross domestic product (GDP) of southwest China’s Chongqing Municipality expanded by 0.8 percent year on year to 1.12 trillion yuan (about 160 billion U.S. dollars) in the first half of this year, local authorities said Tuesday.

The value-added output of the secondary industry rose by 0.9 percent year on year to 440.8 billion yuan in H1, while that of the tertiary industry witnessed a 0.5-percent year-on-year growth to 619.2 billion yuan in the same period, said Luo Lin, deputy secretary-general of the Chongqing municipal government.

The value-added output of the high-tech manufacturing sector recorded a year-on-year growth of 8 percent in H1, and the output of the strategic emerging manufacturing sector saw a growth of 7.7 percent year on year, he said.

The investment in information transmission and IT service sector, which covers industries including 5G, data center and industrial internet, surged by 1.6 times, while that in the high-tech sector rose by 16.2 percent year on year in H1.

Luo said the city has gradually overcome the impact of the COVID-19 epidemic in H1 and shown a steady economic rebound with stronger resilience and vitality. Enditem

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Source: Chongqing’s GDP up 0.8 percent in H1

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