Tianjin, an economic center in northern China, realized 198.6 billion yuan (24.8 billion U.S. dollars) in gross domestic product in the first half of this year, a growth of 14.4 percent over the same period of last year.

Of the total, Binhai New Area, similar to the Pudong New Area of Shanghai, made up 94 billion yuan (11.75 billion U.S. dollars), or 47.3 percent.

According to latest official data, the agricultural sector registered 4.9 billion yuan (612.5 million U.S. dollars) in value-added output in the six-month period, up 3.6 percent year-on-year. The value-added output of the manufacturing and construction sector amounted to 116.1 billion yuan (14.5 billion U.S. dollars), up 17.8 percent; and that of the tertiary industry, mainly service sector, went up 10.4 percent to 77.6 billion yuan (9.7 billion U.S. dollars).

In the first half year, Tianjin garnered 45.1 billion yuan (5.6 billion U.S. dollars) in fiscal revenue, representing an increment of 14.1 billion yuan (1.76 billion U.S. dollars), or 23.8 percent, over the year-earlier level. The growth rate was 9.4 percentage points higher than the city's GDP growth.

Source: Xinhua