Siming's GPD grows in H1

With efforts to boost consumption, increase investment and steady market operations, Siming district in Xiamen, East China's Fujian province, saw its GDP exceed 124.22 billion yuan ($17 billion) in the first half-year, up 6 percent year-on-year, officials said on Aug 15.

During the six-month period, the district saw strong growth in sectors such as revenue, fixed-asset investment, and accommodation turnover. The growth rate of five indicators, including total retail sales of consumer goods, topped the city.

The district's economic development in H1 had many notable highlights. A total of 77 State-owned enterprises, headquarters and financial projects were introduced. A total of 160 innovative new small and medium-sized companies set up operations in the district. The first batch of 91 old residential communities began renovations. And 114 public fitness facilities were built.

The district plans to continue promoting high-quality economic development and improving people's wellbeing.

To further drive economic growth, the district will strengthen its modern industrial system, focusing on software, finance, exhibitions, film and cultural tourism. It will also explore new and innovative ways to attract and utilize more investment.

Siming district in Xiamen, East China's Fujian province, sees its GDP exceed 124.22 billion yuan in the first half-year. [Photo provided to chinadaily.com.cn]