Hubei's GDP hits US$15.8b in 1st quarter (Xinhua) Updated: 2004-05-05 14:03
Central China's Hubei Province accomplished 131.164 billion yuan (US$15.8
billion) in gross domestic product, or GDP, in the first quarter of this year,
up 11.8 percent year-on-year in comparable prices.
The growth rate represented 2.3 percentage points higher than the
year-earlier level, according to the provincial bureau of statistics.
In the first three months of 2004, the province's industrial sector recorded
36.7 billion yuan (US$4.42 billion) in value-added output, a year-on-year growth
of 21.7 percent, 8.8 percentage points quicker than the year-ago level.
Meanwhile, 10.543 billion yuan (US$1.27 billion) in gross output was
registered by the agricultural, forestry, animal husbandry and fishery sectors
in the January-March period, up 2.2 percent.
Fixed assets investment in the province rocketed 49.1 percent year-on-year to
24.977 billion yuan (US$3 billion) for the three-month period, according to the
statistical bureau.
Retail sales in the province amounted to 63.259 billion yuan (US$7.62
billion) in the first quarter, up 11.3 percent.
The province's foreign trade reached US$1.386 billion during the period, an
increase of 28.4 percent.
