Economic performance of Guangxi in Q1

en.gxzf.gov.cn | Updated: May 9, 2024

On April 30, the first-quarter economic performance reports of all 31 provinces in China were released.

Amid the ongoing national economic recovery, several provinces have shown particularly strong economic growth, with six major economic provinces acheiving a total GDP of 13.32 trillion yuan ($1.84 trillion) in the first quarter, accounting for 44.96 percent of the national total.

In the first quarter, Guangxi's gross domestic product (GDP) reached 6344.30 billion yuan, calculated at constant prices, a year-on-year growth of 3.1 percent.

Guangxi has been focusing on developing the real economy. In the first quarter, the region's value-added industrial output increased by 6.7 percent year-on-year, exceeding the national average by 0.6 percentage points and accelerating by 0.1 percentage points compared to the previous year.

Among the three major categories, the value-added output of manufacturing industries grew by 8.1 percent, surpassing the average growth of all large-scale industries by 1.4 percentage points.

Guangxi continues to expand to become more open both domestically and internationally, rallying collective efforts and working together to strive for excellence in open development and accelerate industrial revitalization on the track of high-quality development.