(CFP Photo)

Jiangsu has continued its efforts to pursue high-quality development, achieving stable economic recovery and growth in the first five months, according to the province’s Bureau of Statistics on June 25.

Data shows that the added value of industrial enterprises above designated size in May and over the first five months increased by 7.2% and 9.1% year-on-year, respectively. Notably, the equipment manufacturing sector recorded a year-on-year growth of 8.2%. The computer, communication, and other electronic equipment manufacturing sectors saw added value growths of 18.4% year-on-year, while the automobile manufacturing sector grew by 11.4%.

In the first five months, the province's fixed-asset investment expanded by 4% year-on-year. Investment in manufacturing and infrastructure grew by 14.2% and 11.2%, respectively.

Private investment rose by 7.1% year-on-year, with an increase of 16.1% after deducting the property investment.

Furthermore, the number of projects with an investment of over 1 billion yuan and the amount of paid-in investment in the province achieved year-on-year growths of 4.7% and 8.2%, respectively.

In the first five months, the total retail sales of consumer goods in the province increased by 5.5% to reach more than 1.99 trillion yuan. The retail sales growths of essential life supplies and home appliances stood at 11.2% and 14.2%, respectively.