China's youngest municipality reports robust GDP growth: statistics
( 2003-10-06 11:18) (Xinhua)
Southwest China's Chongqing Municipality reported nearly 137.68 billion yuan
(US$16.59 billion) of GDP (gross domestic product) in the first eight months, up
11.1 percent from the same period last year.
The growth rate is about 0.9 percent higher than last year, according to the
municipal bureau of statistics.
During the January-August period, primary industry reported 19. 30 billion
yuan of growth, up 3.4 percent year-on-year; secondary industry reported 60.49
billion yuan of growth, up 15.6 percent year-on-year; tertiary industry realized
57.88 billion yuan of growth, up 9.1 percent year-on-year, according to the
municipal bureau of statistics.
Secondary industry has contributed the most to the economy, contributing
about 62.4 percent of the municipal's economic growth, while tertiary industry
follows, adding about 33.1 percent.
Located in the southwest, Chongqing is an industrial base and traffic hub in
the upper reaches of the Yangtze River. In 1997, Chongqing was enlisted as
China's fourth municipality under the direst leadership of the central
government or the State Council, along with Beijing, Shanghai and
Tianjin.
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