Chongqing's GDP in first half of 2019 increased 5.0% year-on-year - Chinese report

On the 23rd, the Chongqing Municipal Statistics Bureau announced the economic situation for the first half of the year. According to the bureau, the city's gross domestic product (GDP) for the first half of the year (January to June) was 1.592958 trillion former (about 32.8 trillion
Calculated at constant prices, this represents a 5.0% increase from the same period last year. By industry, the added value of the primary industry increased 3.1% to 71.482 billion yen (approximately 1.5 trillion yen).
The secondary industry increased 4.2% to 555.575 billion former (approximately 11.4 trillion yen), and the tertiary industry increased 5.6% to 965.91 billion former (approximately 19.9 trillion yen).
The added value of industries larger than the city's size (annual main operating revenue of 20 million yen or more) increased by 5.6%, up 2.0 percentage points from the first quarter (January to March).
By the three major sectors, manufacturing increased by 6.0%, production and supply of electricity, thermal energy, gas and water increased by 5.1%, and mining decreased by 5.8%.
The total retail sales of social consumer goods in the city increased by 4.5% year-on-year to 830,037 million former (about 17 trillion yen), up 0.4 percentage points from the first quarter (January to March).
Investment in fixed assets increased by 3.2%. Disposable income per person in the city in the first half of the year increased by 5.1% to 22,117 formers (about 455,000 yen).
In the southern part of the country, the average annual income increased by 4.5% to 28,051 formers (approximately 577,000 yen), and in the rural areas, it increased by 6.2% to 11,845 formers (approximately 244,000 yen). The income ratio between urban and rural areas was
It was reduced from 2.41 to 2.37.