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Jilin province posts buoyant economic performance in 2020

Update: 2021-03-11
(chinadaily.com.cn)

Jilin province in Northeast China achieved growth in its main economic and social development indicators in 2020, according to the latest data.

Regional GDP increased by 2.4 percent in 2020, placing Jilin 20th among domestic provinces and autonomous regions.

The added value of its industrial companies above a designated size - the statistical term referring to those with an annual revenue of 20 million yuan ($3.07 million) or more - increased by 6.9 percent, ranking it second nationwide.

The province's grain output for the year reached 38.03 billion kilograms, ranking it fifth in the country.

Jilin's fixed asset investment increased by 8.3 percent in 2020, ranking it fourth in the nation.

During the period, foreign direct investment increased by 9.4 percent -- 3.2 percentage points higher than the national average -- and its foreign trade also developed steadily, with good growth in imports and exports.

Per capita disposable income of urban and rural residents increased by 3.4 percent and 7.6 percent respectively during the same period.

The province recorded good progress in its cross-border e-commerce, with transaction volumes hitting 3.36 billion yuan in 2020, a year-on-year increase of 25 percent.

Of the total, cross-border e-commerce retail imports and exports amounted to 970 million yuan, a year-on-year surge of 178 percent.

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