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Xiamen sustains stable economic growth from January to August

Xiamen Municipal Bureau of Statistics released the relevant statistics on September 21, which shows a year-on-year growth of 2.3% in the city's added value of industries above designated size, an increase of 0.6 percentage points over the period from January to July. In terms of fixed investment, from January to August, the city's fixed asset investment (excluding farmers) rose by 2.9% year on year, 1.5 percentage points higher than that from January to July. In respect of retail sales of consumer goods, the city's retail sales of consumer goods totaled 147.872 billion yuan in the first 8 months, and the daily necessities maintained a relatively rapid growth. The foreign economy bucked the trend and increased positively. From January to August, Xiamen's total import and export volume rose by 6.4% year on year to reach 435.76 billion yuan, 1 percentage point higher than that from January to July. With regard to fiscal revenue, the first 8 months saw a total revenue of general public budget reaching 100.287 billion yuan in the city. At the end of August, the balance of local and foreign currency deposits of Chinese and foreign financial institutions in the city amounted to 1.265853 trillion yuan, realizing a growth of 8.4% over the same period of last year, 3.2 percentage points higher than that from January to July.

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