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Lianjiang county GDP exceeds $1b in Q1

Updated: 2016-05-12

The GDP of Zhanjiang's Lianjiang county, Guangdong province rose to 6.99 billion yuan ($1.07 billion) in the first quarter, increasing by 10.5 percent year on year, according to the local government on May 9.

The major economic indicators of fixed-asset investment, above-designated industry value and export trade, all maintained double-digit growth rates in the first three months.

With the increase of investment, consumption and exports, the county's economic development paved the way for further progress during the 13th Five-Year Plan (2016-20), county authorities said.

The growth of fixed-asset investment saw a year-on-year increase of 25.3 percent, gaining 2.43 billion yuan, with 15 investment projects worth more than 10 million yuan brought into the county.

During the first three months this year, Lianjiang has established 100 affordable apartments to help relieve poverty for local villagers. Projects signed at the end of February related to electronics, digital products and kitchen and bathroom products have been launched.

It is expected that the Fengcheng cement project invested by China Resources and a power plant using household wastes for generation will be operational in the first half of the year.

Lianjiang county GDP exceeds $1b in Q1

A special train route opened last November provides greater transport convenience for Lianjiang-produced home appliances to the rest of China, earning the county annual average revenues of 180 million yuan. [Photo/gdzjdaily.com.cn]

 

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