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Jinan sees steady economic growth from Jan to April

english.jinan.gov.cn | Updated: 2025-05-27
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Jinan, the capital city of East China's Shandong province, experienced a steady upturn in its economic activity in the first four months of the year, despite a complex external environment.

From January to April, the city's industrial production grew rapidly with strong momentum in equipment manufacturing sector, with the industrial value added growing by nine percent year-on-year, according to statistics from the Jinan Bureau of Statistics.

The computer, communication, and other electronic equipment manufacturing industry saw a remarkable increase in value added, with a year-on-year growth of 103 percent. The automotive manufacturing industry also performed well, achieving a growth of 39.5 percent, indicating rapid progress in these key sectors.

Fixed asset investment has shown stable growth, with industrial investment growing at a faster pace. From January to April, fixed asset investment increased by 1.4 percent year-on-year. Industrial investment rose by 13.8 percent, whereas real estate development investment decreased by two percent, and infrastructure investment dropped by 3.5 percent. High-tech manufacturing industries experienced a growth of 13.8 percent year-on-year.

The service industry maintained steady growth, with cumulative operating income of 111.18 billion yuan ($15.4 billion) in the first three months, marking a 6.3 percent year-on-year increase.

Foreign trade saw rapid growth, with an optimized trade structure. Total imports and exports reached 79.34 billion yuan from January to April, a 22.4 percent increase year-on-year.

Consumer prices exhibited mild growth, with a cumulative increase of 0.5 percent in the first four months of the year.

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