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Jilin province achieves strong economic growth in Q1

gojilin.gov.cn | Updated: April 19, 2024
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Jilin hosts a press conference, announcing its Q1 economic achievements. [Photo/WeChat account of Jilin Release]

In the first quarter of 2024, Jilin province's GDP grew by 6.5 percent year-on-year, surpassing the national average by 1.2 percentage points.

Broken down by sectors, the added value of the province's primary industry reached 15.73 billion yuan ($2.17 billion), an increase of 3 percent year-on-year. Its secondary industry's added value was 91.66 billion yuan, growing by 9.5 percent, while its tertiary industry's added value stood at 186.23 billion yuan, a 5.7 percent year-on-year increase.

Jilin's agriculture, forestry, animal husbandry, and fishery sectors also saw steady growth, with their total output value growing by 3 percent year-on-year. Separately, the agriculture (crop farming), animal husbandry, forestry, and fishery sectors growing by 9.5 percent, 2.4 percent, 17.5 percent, and 19.2 percent respectively.

The province's industrial economy accelerated in the first quarter of this year, with key industries showing improved quality and stable growth. The value added of large-scale industries in the province increased by 10.4 percent year-on-year.

Key industries such as the information industry saw a rapid increase of 42.4 percent in value added, while sectors like metallurgy and building materials, textiles, pharmaceuticals, automobiles, petrochemicals, and food also experienced growth.

Fixed asset investment in the province grew by 6.3 percent year-on-year in the first quarter.