Anhui’s gross domestic product (GDP) reached 952.9 billion yuan (US$146.7 billion) in the first quarter of 2021, up 18.7 percent from the same period a year ago, the Anhui Provincial Bureau of Statistics said on Tuesday.
The eastern Chinese province’s economic growth was impacted by last year’s low comparison base, stringent epidemic control during the Spring Festival travel season, and fast-growing external demand, said Xiao Zhiying, chief statistician with the bureau.
Between January and March, the value-added output of the primary sector rose 10.9 percent to 47.8 billion yuan, that of the secondary sector increased 22.9 percent to 371.4 billion yuan, and that of the tertiary sector came in at 533.7 billion yuan, up 16.6 percent.
The province’s industrial value-added output went up 26.3 percent, indicating a rapid growth in industrial production and a remarkable increase in corporate profits.
High-tech enterprises saw their value-added output growth 14.9 percentage points higher than the province’s industrial growth, contributing to 60.7 percent of the total growth. In addition, strategic emerging industries contributed to 53.4 percent of province’s industrial growth.
Fixed-asset investment rose 25.7 percent in the January-March period. Property investment rose 23.1 percent to 149.8 billion yuan, and real estate sales stood at 197.6 billion yuan, up 105.3 percent.
Retail sales came in at 532.2 billion yuan, representing a year-on-year increase of 36.4 percent.
Imports hit 63.3 billion yuan, up 25.1 percent, while exports stood at 83.2 billion yuan, up 47.0 percent.
Fiscal revenue grew 19.9 percent to 95.4 billion yuan, while fiscal expenditure reached 195.3 billion yuan, an increase of 6.4 percent.
Urban residents' per capita disposable income reached 12,104 yuan, up 15.8 percent, while rural residents’ per capta disposable income rose 16.8 percent to 5,674 yuan.
Despite the improvements, the province faces multiple unstable factors such as complicated external environment, uneven economic recovery and domestic structural issues, according to Xiao.