China’s Jiangxi Province Records Rapid Economic Growth

In recent years, East China’s Jiangxi Province has experienced rapid economic development driven by progress in agriculture, trade and digital industries.

In 2022, the province’s GDP grew the most in the country, 4.7% year-on-year, reaching a record figure of more than 3 trillion yuan (440 billion dollars).

Jiangxi’s imports and exports showed strong growth momentum in 2022, with goods trade rising 34.9 percent, 27.2 percentage points above the national average, to exceed 600 billion yuan in worth.

Another bright spot for Jiangxi is its agricultural sector. The province’s abundant natural resources, favorable climatic conditions, and government support have enabled it to become a major producer of raw materials such as rice, tea, and fish.

Local farmers have adopted modern agricultural techniques, which has allowed for increased yields and improved quality of products. As a result, the province’s agricultural output reached 421 billion yuan in 2022, up 4.3% from the previous year.

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Jiangxi has made great strides in advancing its digital economy. The added value of its digital economy has exceeded 1 trillion yuan in 2022, accounting for 35 percent of the provincial GDP.

In 2022, the province’s GDP grew the most in the country, 4.7% year-on-year, reaching a record figure of more than 3 trillion yuan (440 billion dollars).

In its government work report, Jiangxi pledged to raise the share of its digital economy to more than 45% of regional GDP in the next five years.

With constant investment and innovation, Jiangxi is poised to continue its growth trajectory and become a key player in China’s overall economic development.

Article republished from the Chinese state media CGTN within the framework of an agreement between both parties to share content. Link to the original article:https://news.cgtn.com/news/2023-04-19/East-China-s-Jiangxi-Province-records-rapid-economic-growth-1j85onvrAvS/index.html