Good Start to 2021, Zhengzhou Sees GDP Up 18.4% in Q1
Zhengzhou's economy got off to a good start in the first quarter of 2021 marking the first year of China's 14th Five-Year Plan. During the January-March period, Zhengzhou's GDP saw a year-on-year increase of 18.4 percent to 296.98 billion yuan, up by 9.3 percent compared with the figure during the same period in 2019, showing a steady recovery and picking up trend.
In the first quarter, Zhengzhou's industrial production recovered quickly with an accelerated transformation and upgrading pace. The added value of the industrial enterprises above the designated size increased by 29 percent, up by 15.7 percent compared with the figure during the same period in 2019. Besides, the added value of the six dominant industries, such as electronic information, jumped by 33.3 percent, stimulating the growth of the industrial enterprises above designated size by 26.2 percentage points.
From January to March, the fixed-asset investment increased by 11.3 percent, up by 4.7 percent compared with the figure during the same period in 2019. The added value of high-tech and new industries and strategic emerging industries surged by 38.3 percent and 39.4 percent respectively with the shift of growth engines and the improvement of quality and efficiency. The total retail sales of consumer goods soared by 28.9 percent to 134.26 billion yuan with the accelerated upgrading of consumption structure. 39,539 new jobs were created in Zhengzhou's urban areas, completing 32.9 percent of the annual target, with employment effectively guaranteed.
According to an official source, "Generally, Zhengzhou's economy recovered quickly and got off to a good start. Next, stable growth, strong innovation, major projects, balanced development and overall coordination will be stressed to achieve higher-quality development and continuously enhance the competitiveness, influence and driving force of Zhengzhou as a national central city."
“总体上看，郑州经济快速恢复、整体向好、开局良好。下一步要在稳增长、强创新、抓项目、重平衡、善统筹中努力实现更高质量的发展，不断增强郑州国家中心城市的竞争力、辐射力和带动力。”郑州市相关负责人表示。（中文来源/河南日报 翻译/赵汉青 审校/陈行洁）