Xinjiang’s economy grows 7.6 percent in 2016

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The economy of northwest China’s Xinjiang Uygur Autonomous Region grew 7.6 percent year on year in 2016, 0.9 percentage points above the national growth rate, the local statistics bureau announced Monday.

economy
economy
The region’s GDP reached 961.7 billion yuan (139.8 billion U.S. dollars) in 2016 with continued expansion of the tertiary sector, which made up 57 percent of the region’s gross domestic product in the first three quarters.

The secondary industry tails behind with a contribution rate of 31.1 percent.

In the meantime, Xinjiang’s fiscal revenue dipped 2.4 percent to 129.9 billion yuan in 2016, mainly due to weak growth in industrial value added, and retail sales of consumer goods. Enditem

Source: Xinhua/NewsGhana.com.gh

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