Anhui’s Economy Gains Momentum
OREANDA-NEWS. August 27, 2012. Anhui province's economy gained momentum in July, as investment, consumption and exportation, the troika pulling the economic growth, further boosted to such an extent that their growth rates were above the national averages, the provincial statistic bureau said.
Fixed asset investment edged up last month, bringing the total amount for the Jan-Jul period to 801.27 billion yuan (USD 127.19 billion), up 23.1 percent from a year ago. The growth rate was 2.7 percentage points higher than the country's average level.
In breakdown, fixed asset investment in the primary, secondary and tertiary industries rose 74.4, 17.6 and 27.1 percent year-on-year, indicating that agriculture and modern service emerged as magnets for new investment.
The province's retail sales of consumer goods grew 18.8 percent in July year-on-year to 20.23 billion yuan. Although the growth softened from 17.1 percent in June, it was 5.8 percentage points higher than the national average.
Meanwhile, foreign trade value stood at USD 4.32 billion, representing a year-on-year rise of 50.5 percent. The growth rate was 29.7 percentage points higher than that in June.
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