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A Good Start! Chongqing's Q1 GRP up by 18.4% Year-on-Year

By VIVIAN YANICHONGQING|Apr 21,2021

Chongqing- In the first quarter of the year 2021, Chongqing achieved a gross regional product of 599.525 billion yuan (about 92.25 billion U.S. Dollars), an increase of 18.4% year-on-year, according to the press conference held by the Information Office of Chongqing Municipal People’s Government Tuesday.

Chongqing Municipal Bureau of Statistics and the Chongqing Survey Team of the National Bureau of Statistics jointly release the city’s economic performance in the first quarter of this year on April 20, 2021. (iChongqing/ Vivian Yan)

Specifically, in the first quarter, the city’s primary industry achieved an added value of 34.463 billion yuan, a year-on-year increase of 10.5%, and an average growth of 4.3% in two years; The secondary industry achieved an added value of 215.225 billion yuan, a year-on-year increase of 24.7%, an average increase of 5.3% in two years; The tertiary industry achieved an added value of 349.837 billion yuan, a year-on-year increase of 15.5%, an average increase of 5.6% over the two years.

According to the person in charge of the Municipal Statistics Bureau, since this year, the city has actively integrated into the new national development pattern by continuing to promote the construction of the Chengdu-Chongqing economic circle, accelerating the cultivation of new drivers of development, focusing on building the high-quality development of the industry, and continuing to coordinate the enhancement of epidemic prevention. The effectiveness of control and economic and social development continues to show.

Additionally, this year’s “staying put for the Spring Festival” has a stimulating effect on both ends of supply and demand, where enterprise production and operation has accelerated to return to normal, pillar industries have grown rapidly, market demand has continued to increase, enterprise quality and efficiency have continued to improve. The city’s economic operation remained stable and strengthened in the first quarter, laying a solid foundation for a good start of the whole year.

“The current international situation is still complicated and severe, with strong uncertainties and instability,” said the person in charge of the municipal statistics bureau. “The foundation for domestic economic recovery is not yet firm, and the long-standing structural contradictions are still prominent.” He thinks the city’s economic development is still facing difficulties and challenges.

Next, Chongqing will focus on its goals and tasks throughout the year, continue to consolidate the good momentum of economic recovery growth, encoruage high-quality economic development, push for the city’s economic and social development and make new achievements. This will also lay a solid foundation for the realization of the 14th Five-Year Plan.

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