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Tianjin economic growth is 1.3% lower than the national average in 2021
Published on: 2021-07-23
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From the perspective of economic growth in the first half of 2021, Beijing has the highest growth rate, reaching 13.4%. Chongqing is next, 0.1% higher than the national average. The growth rate of Shanghai is the same as that of the whole country. Tianjin is 1.3 percentage points lower than the national average.

Tianjin's GDP was 730.925 billion yuan, an increase of 11.4% year-on-year, and an average growth rate of 3.5% in two years.

During the first half of this year, industrial companies with an annual turnover of at least 20 million yuan saw their total output go up by 33.2%. The total output of strategic emerging industries also experienced an increase of 23%. The half-year output of industries including integrated circuits, industrial robots, and new energy vehicles came in at 67.6%, 28.9% and 1.6 times higher respectively.

Tianjin saw its fixed asset investment in the first half of the year up 6.2% when compared with the previous year.

The city's total retail sales of consumer goods spiked at 17.2% in the first six months.

Per capita disposal income reached 24,625 yuan in Tianjin in the first six month period, up 11.6% year-on-year. Over 206,500 new jobs were created in the city's labor market during the first half.




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