Changchun city in Jilin province [Photo/WeChat account of Changchun Wenlyu]

The main statistical indicators for Northeast China's Jilin province rebounded sharply in May, reflecting a steady recovery in the economy, according to local media reports.

In May, the province's fixed-asset investment increased by 0.2 percent year-on-year. The added value of industries above a designated size in the province fell by 4.9 percent year-on-year, but the decline rate was 36.8 percentage points lower than that in April, indicating that industrial production was recovering rapidly.

Last month, the province's total retail sales of consumer goods above a designated size decreased by 1.5 percent year-on-year. But the rate of decline was 61.7 percentage points lower than that in April, indicating that the consumer goods market had improved significantly.

Emerging industries in the province are growing rapidly. In May, the added value of the province's chemicals fiber manufacturing industry increased by 106 percent year-on-year, the output of carbon fiber increased by 107 percent, the output of new energy vehicles increased by 42.0 percent year-on-year and that of integrated circuits increased by 75 percent.

Major projects are currently under construction in the province. In May, the completed investment in projects each with a value of 100 million yuan ($14.92 million) or more increased by 44.7 percent year-on-year, accounting for 82.3 percent of total project investment.

Of that, the completed investment in projects each worth 1 billion yuan and above increased by 55.4 percent year-on-year, accounting for 21.8 percent of total project investment.