Xi'an experiences stable economic recovery
In the first three quarters of the year, the economy of Xi'an – capital of Northwest China's Shaanxi province – reportedly continued to recover in a robust manner, with further industry upgrades and transformation, innovation, stable employment and prices, coupled with higher quality and efficiency.
During the period, the gross domestic product of the city hit 763.92 billion yuan ($119.66 billion), a year-on-year increase of 5.7 percent.
The added value of the primary, secondary and tertiary industries reported respective year-on-year increases of 4.7 percent, 3.3 percent and 7 percent to 17.66 billion yuan, 251.01 billion yuan and 495.25 billion yuan.
The added value of the city's industries above a designated size increased by 5.8 percent, a 13.2-percent increase from the same period in 2019.
The year-on-year growth rate for the production of smartphones, 3D printing equipment, new energy vehicles and solar power cells reportedly all exceeded 40 percent.
Over the period, the city's total retail sales of consumer goods rose by 10 percent, reaching 375.38 billion yuan.
The city's foreign trade reportedly experienced rapid growth in the three quarters. The total value of imports and exports came in at 324.84 billion yuan in Xi'an, up 23.8 percent year-on-year. Exports totaled 171.3 billion yuan, up 32.6 percent, while imports reached 153.54 billion yuan, a year-on-year increase of 19.6 percent.