This photo, taken on July 11, 2024, shows the workshop of a manufacturing company in Jiangdu High-tech Zone in Yangzhou City, Jiangsu Province. (CFP)

Jiangsu’s economy showed stable development and resilience in the first seven months of the year, with positive growth achieved in industrial, consumption and investment fields, according to the figures released by Jiangsu Provincial Bureau of Statistics on August 26.

The latest data shows that the total added value of industrial enterprises above the designated size increased by 5.8% in July and 8.2% in the first seven months.

Of all 40 industrial sectors, 31 or 77.5% registered year-on-year increases in output value. Double-digit growth was reported in the sectors of electronics, transport, metal products, and chemical fibers, with the electronics sector in particular standing out with a growth of 16.2%.

Jiangsu also recorded strong growth momentum in equipment manufacturing and high-tech manufacturing sectors, with the added value of high-tech manufacturing sector growing by 9.9% in the seven months.

In terms of exports, 26 of the 31 manufacturing sectors, or 83.9%, saw an increase in the delivery value of exports. Notably, the delivery value of electronics exports expanded by 6% year-over-year.

Jiangsu’s consumer goods market also maintained steady growth. From January to July, the total retail sales of consumer goods exceeded 2.78 trillion yuan, up 4.7% year-over-year. The retail sales of consumer goods in rural areas increased by 8.1% year-over-year, 3.9 percentage points higher than in urban areas.

During the period, the total actualized fixed-asset investment in the province increased by 2.5% year-over-year. There were 3,237 projects, each with an investment of over 1 billion yuan, under construction in the seven months, an increase of 116 projects compared to the same period last year.

Private investment in the province grew by 5.1% year-over-year in the seven months, accounting for 67.5% of the total investment.