(CFP Photo)

As a package of policies to stabilize the economy came into force, Jiangsu’s economy has seen a steady recovery in August, according to the province’s Bureau of Statistics on September 22.

In the period from January to August, the province's industrial added value above the designated size expanded by 3.6% year-on-year, with the growth in August reaching 9.9%, 3.6 percentage points higher than in July. In the eight months, the added value in computer, communication and other electronic equipment manufacturing increased by 7.8% year-on-year, 11.2% for the electrical machinery and equipment manufacturing and 10.2% for the automobile manufacturing.

For service sector enterprises above designated size in the province, operating income increased by 4.1%. In breakdown, this included a growth of 2.7% for the transportation, storage and postal businesses, 11.4% for information transmission software and information technology service providers, and 10.1% for scientific research and technology services

During the eight months, the province's fixed-asset investment grew by 3.4% year-on-year, including an 11.8% of investment increase in manufacturing industry. Meanwhile, investment into high-tech manufacturing and service industries rose by 15.4% and 16.9% year-on-year.

In addition, the province's total retail sales of consumer goods in August increased by 12.5% year-on-year.