Hebei's economic operation recovered steadily in the first three quarters, and the contribution rate of the service industry to economic growth exceeded 70%

Shijiazhuang, 25 Oct (Zhongxin.com) -- Zhou Guohua, deputy director of the Hebei Provincial Bureau of Statistics and spokesman, said on the 25th that Hebei's economic operation recovered steadily in the first three quarters of this year, and the contribution rate of the service industry to economic growth was 72.5%, with outstanding contributions.

The Information Office of the Hebei Provincial Government held a press conference on the 25th, saying that Hebei's economy continued to recover steadily in the first three quarters. In the first three quarters, Hebei's GDP was 2,906.07 billion yuan, an increase of 7.7% year-on-year. The added value of the accommodation and catering industry increased by 17.3% year-on-year, the added value of information transmission software and information technology service industry increased by 16.5%, the added value of wholesale and retail trade increased by 15.5%, and the added value of transportation, warehousing and postal industry increased by 12.7%. From January to August, service enterprises above designated size achieved operating income of 298.83 billion yuan. The contribution of the service sector to economic growth was 72.5 per cent.

Zhou Guohua pointed out that since the beginning of this year, Hebei has coordinated the prevention and control of the epidemic and economic and social development, and the economy has generally continued a stable recovery trend. Social demand continues to recover, and the situation of foreign trade and economic cooperation is good. In the first three quarters, the total retail sales of consumer goods reached 947.53 billion yuan, an increase of 9.7% year-on-year. Imports, exports and the use of foreign capital have grown rapidly. The total value of imports and exports reached 398.29 billion yuan, an increase of 26.9% year-on-year. The actual utilization of foreign capital was 9.57 billion US dollars, an increase of 10.1% year-on-year, and the growth rate was 2 percentage points faster than that in the first half of the year.

In addition, Hebei accelerated the transformation and upgrading, in the first three quarters, the added value of the three industries accounted for 8.0:40.0:52.0 in the province's GDP, and the proportion of the tertiary industry exceeded the secondary industry by 12 percentage points. The new industry has developed rapidly. In the first three quarters, the added value of strategic emerging industries above designated size increased by 11.4% year-on-year, 2.9 percentage points faster than in the first half of the year.

"In the first three quarters of this year, the economy of our province maintained a growth rate of 7.7%, which was achieved under the multiple impacts of the spread of the global epidemic, the obstruction of the industrial chain and supply chain, and the restriction of crude steel production in our province." Zhou Guohua said that Hebei's economic development achievements are not easy to come by, and in the next step, Hebei will do a good job in normalizing epidemic prevention and control and economic and social development, and achieve a good start in the "14th Five-Year Plan". (End)

Source: China News Network