A worker welds solar power components at a workshop of the Jinko Solar (Yiwu) Co., Ltd. in Yiwu City, east China's Zhejiang Province, Jan. 15, 2021. (Xinhua/Huang Zongzhi)
BEIJING, March 22 (Xinhua) – East China's Zhejiang Province has shown good economy resilience in the first two months of 2021, with major economic indicators including industry, investment and consumption growing sharply on a year on year basis.
According to the latest data released by the local authorities, the industrial added value above the designated size in Zhejiang surged 49.4 percent year-on-year during the January-February period, among which a total of 16 industries registered growth above 50 percent.
The added value of emerging industries represented by the digital economy, equipment manufacturing, artificial intelligence (AI), and high-tech all soared by more than 57 percent during the period.
Zhejiang's key industrial indicators, for example, industrial and manufacturing electricity consumption surged 80.3 percent and 34.0 percent year on year, respectively.
Meanwhile, Zhejiang's volume of good transport during the same period picked up 36.8 percent compared to the same period last year, of which the volume climbed 67.9 percent in February alone.
In addition to the booming industrial economy, Zhejiang's investment growth and structure also bounced back from the downturn affected by the COVID-19 epidemic.
A total of 361 major projects with an overall investment of 582.3 billion yuan kicked off construction in Zhejiang Province on March 17. At the time, cargo volume in Zhejiang rose 36.8 percent from January to February, after surging 67.9 percent in February this year.
The growth of fixed-asset investment came to 31.9 percent during the same period, while the province's investment in industrial, manufacturing and high-tech sectors hiked 38.6 percent, 41.7 percent, and 56.4 percent, respectively.
The growth of domestic demand consumption also contributed to Zhejiang's economic recovery. During the first two months, the total retail sales of consumer goods in the province stood at 440.8 billion yuan, up 27.5 percent year on year.
Online retail sales went up 48.5 percent to 246.8 billion yuan in the period, while the online consumption purchased by provincial residents amounted to 138.4 billion yuan, up 54 percent year on year.
(Edited by Jiang Feifan with Xinhua Silk Road, 346129473@qq.com)
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