Huaxi reports stable economy in first eight months

From January to August in the current year, Huaxi district in Guiyang – the capital of Southwest China's Guizhou province – reported experiencing stable economic conditions.

In the eight months, the added value of industries above a designated size in the district increased by 7.8 percent year-on-year, which was 1.2 percentage points higher than the growth rate from January to July.

Fixed asset investments grew by 16.8 percent year-on-year during the period, some 33.2 percentage points higher than Guiyang city's fixed asset investment.

However, total retail sales of consumer goods by enterprises above a designated size in the district – those with annual sales of 20 million yuan ($3.1 million) or more – came in at 10.08 billion yuan, a year-on-year decrease of 2.9 percent.

In terms of investment, funds in place for newly introduced industrial projects came in at 6.75 billion yuan.

During the period, the district's foreign investment in actual use reached $125.55 million.