OREANDA-NEWS. The gross regional product (GRP) of the southern Chinese island province of Hainan from January to September inclusively increased by 5.5% year on year, to 386.57 billion yuan (more than $ 54.67 billion). This was reported by the statistical office of the region.

“In general, over the past three quarters, the economy of our province has been developing steadily, showing steady growth. There is a clear optimization of the industry structure, the situation in the private business continues to improve”, Wang Yuan, the spokesman for the department, said at a press conference. “There has been a positive upward trend. economic efficiency, the basis for quality development is gradually being formed".

According to the agency, in the first three quarters of this year, the growth rate of Hainan's agriculture amounted to 2.6%, industry - at the level of 3.9%. The service sector showed the highest dynamics (7.1%), indicating the important role played by tourism, the hotel and restaurant business, trade and transport communications in the development of the island. According to statistics, this sector accounts for almost 75% of the growth structure of the Hainan GRP.