Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Economy

Chongqing economic growth slows in 2017

January 25, 2018


Abstract : The economy of southwest China's Chongqing municipality expanded by 9.3 percent year on year in 2017, ending a 15-year streak of double-digit growth, municipal statistics bureau announced Wednesday.

重庆

CHONGQING, Jan. 24 (Xinhua) -- The economy of southwest China's Chongqing municipality expanded by 9.3 percent year on year in 2017, ending a 15-year streak of double-digit growth, municipal statistics bureau announced Wednesday.

Despite the slowdown, Chongqing outpaced the 6.9 percent national GDP growth last year. The municipality boasted the country's fastest economic growth from 2014 to 2016.

Yi Xiaoguang, director of the Chongqing Institute of Comprehensive Economic Research, attributed the slowdown to slackening growth in the city's pillar industries of auto and equipment manufacturing and the downturn of the energy industry.

The added value of the auto and equipment manufacturing industries in 2017 slowed compared with previous years. In addition, the added value of the mining industry dropped 17.3 percent year on year.

Emerging industries, however, performed well.

The added value of Chongqing's high-tech industries expanded by nearly 25 percent from a year ago. The output of products from strategic emerging industries, including new energy vehicles, rail vehicles, lithium batteries and smart phones, rocketed.

Scan the QR code and push it to your mobile phone

Keyword: China-economy Chongqing Chongqing-economy

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial