The economy of Pingtan county is enjoying positive momentum as many vital economic indicators have shown growth so far this year.

Pingtan has attracted investment reaching 33.4 billion yuan ($5.46 billion), which constitutes 67.35 percent of the goal for the year, local officials said on August 29.

Statistics show that, from January to July, the gross regional product reached 7.38 billion yuan, a 15.9 percent year on year increase.

The local fiscal year revenue reached 1.08 billion yuan, a 24.6 percent increase from the same period last year. The local revenue increased 27.9 percent to 837 million yuan, while the local expenditure reached 4.55 billion yuan, marking a 65 percent year on year growth.

The fixed-asset investment reached 19.2 billion yuan at the end of July, 37.3 percent higher than the same period last year.

However, per capita income has not improved dramatically, as the quarterly per capita income of urban residents stood at 13,606 yuan, a 10.2 percent increase, while the quarterly per capita income of rural residents reached 6,936 yuan, a 12.4 percent increase.

The officials also said that Pingtan is accelerating the construction of several major industrial projects this year, including a branch of TPK - a manufacturer of touch panels - an avenue at Jinjing Bay, and an integrated customs supervision and monitoring system.

Edited by Chen Zhilin and Niva Whyman