Huaxi district reports stable economy in first five months

In the first five months of the year, Huaxi district – in Guiyang, capital of Southwest China's Guizhou province – reportedly experienced stable conditions in its economy.

During the period, the added value of industries above a designated size increased by 5.4 percent year-on-year, while the growth rate was 1.3 percentage points lower than in the first quarter.

Meanwhile, fixed asset investment in the district surged by 40.1 percent year-on-year.

From January to May, total retail sales of consumer goods manufactured by enterprises above a designated size in the district reached 6.72 billion yuan ($1.04 billion), a year-on-year increase of 9.4 percent.

Of that, sales of wholesale, retail, lodging and catering ventures posted respective year-on-year increases of 132.9 percent, 13.5 percent, 78.3 percent and 130 percent – to 6.4 billion yuan, 6.83 billion yuan, 95 million yuan and 103 million yuan.

Since the start of the year, the tourism market in Huaxi has reportedly performed in a safe and orderly manner. Total tourism revenue of the district, for example, reached 11.96 billion yuan in the first five months.

The district launched some 5.22 billion yuan in funds for new industrial projects, while foreign direct investment in the period was $80.72 million.

In the five months, public budget expenditure reached 2.49 billion yuan, a year-on-year increase of 26 percent.