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Home >> Business
UPDATED: 15:36, May 09, 2006
North China city posts double-digit GDP growth rate in 1st quarter
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Tianjin, an economic center in north China, registered a gross domestic product (GDP) of 86.034 billion yuan (10.75 billion U.S. dollars) in the first quarter this year, a rise of 14.2 percent year on year, according to the latest statistics.

Tianjin's quarterly GDP has increased by an average of over 14 percent for 11 straight quarters since the second half of 2003, according to the municipal statistics bureau.

The added value of the city's primary industry, covering agriculture, fishery, animal husbandry and forestry, went up by 3.7 percent year on year to reach 1.267 billion yuan (1.58 billion U.S. dollars) in the first three months this year, the bureau figures show.

Its added value of the second industry, covering industry and construction, shot up by 17.9 percent year on year to hit 52.541 billion yuan (6.56 billion U.S. dollars) in the January-March period, and the tertiary sector, which covers commerce, finance, trust and investment, and commercial services, recorded an added value of 32.226 billion yuan (4.028 U.S. dollars), up 9.1 percent over the same period of last year.

Source: Xinhua


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