Qingzhen reports economic performance in H1

News released on Qingzhen's official government website suggests that during the first half of 2021, the city registered a year-on-year growth in industrial added value of enterprises above a designated size of 5.1 percent, up by 3.1 percent over the past two years.

The mining industry saw its added value surge by 40.5 percent year-on-year, driving the local industrial economy up by 0.4 percentage points. The manufacturing added value increased by 5.4 percent over the same period last year, raising industrial economic performance by 4.8 percentage points. 

The past six months also witnessed a spike in fixed asset investments by 44.7 percent, with the growth rate standing at 12.4 percent over the past two years. Investment in industrial sectors grew by 586.6 percent year-on-year. 

In the same period, Qingzhen's total retail sales of social goods reached 5.52 billion yuan ($828 million), and the wholesale and retail sectors saw 3.09 billion yuan and 2.59 billion yuan in sales, respectively, while the accommodation and catering industries saw 63 million yuan and 585 million yuan, respectively. 

The total fiscal revenue of the Qingzhen government in the first two quarters was 2.03 billion yuan, and its general public budget revenue stood at 998 million yuan, with tax revenue accounting for 68.3 percent. 

Meanwhile, the city's consumer price index dropped slightly by 0.2 percent, with the price of food and drinks down by 2.1 percent and that of transportation and communication up by 2.9 percent.