(CFP Photo)

Jiangsu’s economic recovery has continued to gather momentum in the first 11 months of this year, with multiple indicators showing stable performances, according to the data released by the province’s Bureau of Statistics on December 25.

During this period, the province's fixed asset investment and infrastructure investment increased by 5.4% and 6.7% year-on-year, respectively. The total retail sales of consumer goods grew by 6.6% year-on-year, reaching more than 4.16 trillion yuan. The total added value of industrial enterprises above the designated size expanded by 7.5% year-on-year.

In terms of industrial development, the added value of 33 out of 40 industrial sectors registered positive year-on-year growth. The market demand for computer parts, LCD and other products has also rebounded, leading to an accelerated growth in the high-tech manufacturing sector. Three manufacturing sectors - electronics, electric equipment and machinery, and automobile - reported double-digit growths during the period.

In addition, the operating income of service enterprises above the designated size increased by 8.4% year-on-year.

Investment also helped to stabilize economic growth, with the investment amount for projects worth more than one billion yuan rising by 17.7% year-on-year.