This photo, taken on July 23, 2024, shows the workshop of a photovoltaic company in Suqian Economic and Technological Development Zone, Jiangsu Province. (CFP)

Jiangsu has achieved steady expansion across major economic indicators, according to the data released by the provincial Bureau of Statistics on September 25.

Jiangsu’s industrial production showed steady growth, especially in high-tech manufacturing. The added value of industrial enterprises above the designated size grew by 8.0% year-on-year in the first eight months and by 6.1% in August alone. The equipment manufacturing and high-tech manufacturing sectors in August saw growth of 8.1% and 9.8%, respectively.

Steady growth was also seen in Jiangsu’s fixed-asset investment, with large projects playing a key role. In the first eight months, fixed-asset investment, manufacturing investment and infrastructure investment grew by 2.3%, 10.0%, and 7.5% year-on-year, respectively. Private investment also recorded an increase of 5.0% year-on-year.

The coastal province saw a vibrant consumer market in this period. Jiangsu’s total retail sales of consumer goods increased by 2.9% year-on-year in August and by 4.5% in the first eight months of the year. Driven by the trade-in programs for consumer goods, the retail sales of household appliances and audiovisual equipment also saw steady growth.