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Jiangsu's GDP grows 13% to reach $319b in Jan-Sept period

By Song Hongmei (chinadaily.com.cn)
Updated: 2008-11-04 17:51

Workers set up scaffoldings at a construction site in Nanjing, Jiangsu province, October 26, 2008. Jiangsu's GDP reached 2.18 trillion yuan ($319.27 billion) in the first three quarters this year, a year-on-year increase of 13.1 percent, according to a report released by the local statistics bureau on November 1, 2008. [Agencies]

Jiangsu province's gross domestic product (GDP) grew 13.1 percent year on year to 2.18 trillion yuan ($319.27 billion) in the first three quarters of this year, the provincial bueau of statistics said in a report on Saturday.

Between January and September, retail sales in Jiangsu rose 23.9 percent to 705.72 billion yuan, up 6.7 percentage points year-on-year and 1.9 percentage points higher than the national average.

The export and import volume of Jiangsu in the January to September period reached $303.47 billion, up 19.9 percent from the same time last year.

The exports were valued at $180.6 billion, up 23.4 percent from the previous year. However, the 23.4 percent year-on-year export growth was 5 percentage points lower than last year.

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