In August, Henan's economy maintained a good recovery momentum with the growth rate of a number of key indicators rising significantly and higher than that of China, said a source from Henan Statistics Bureau on August 19.
The recovery of industrial production accelerated
Aside from the low base of the same period last year, benefiting from preferential policies, Henan saw its added value of the industrial enterprises above designated size rise 7.7 percent year on year in August, 2.6 percentage points faster than July, the highest monthly growth rate since April last year and 3.5 percentage points higher than the national growth rate.
Investment in fixed assets maintained rapid growth
Since January, Henan has made great efforts to promote the construction of major projects and expand its investment by giving priority to effective investment. During the January-August period, Henan's fixed-asset investment increased 9.8 percent year on year, 0.3 percentage points lower than the January-July period but 4.0 percentage points higher than the national average, maintaining a rapid growth.
Consumption picked up significantly
Due to the low base of the same period last year, Henan's consumption picked up significantly.In August, the total retail sales of consumer goods in Henan reported an increase of 7.9 percent year on year to 196.883 billion yuan, 5.2 percentage points faster than July. (Chinese source: Dahe Daily Reporter: Wang Xinchang Translator: Zhao Hanqing Poster: He Menghe Proofreader: Zhang Junping)
