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Hubei's GDP up 11.8% in 1st quarter
(Xinhua)
Updated: 2004-05-03 11:04

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.

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