The city of Xi'an – capital of Northwest China's Shaanxi province – maintained stable economic conditions in November, in the face of complex and changeable environments at home and abroad and frequent outbreaks of the COVID-19 pandemic.
A wide-ranging view of Xi'an. [Photo/Xi'an municipal government's WeChat account]
From January to November, the city's industries reportedly engaged in brisk development. The added value of industries above a designated size increased by 13.1 percent year-on-year during the period, with the growth rate remaining above 10 percent for six consecutive months.
Fixed asset investment maintained steady growth in the 11 months, with a year-on-year increase of 9.5 percent, only 0.8 percentage points lower than that from January to October.
However, the city's consumption recovery slowed down slightly. During the 11-month period, Xi'an's retail sales of consumer goods came in at 219.12 billion yuan ($31.46 billion), a year-on-year decrease of 7.1 percent and the rate of decline was 1.4 percentage points higher than that from January to October.
Meanwhile, Xi'an's foreign trade maintained growth in the 11 months, with the total value of imports and exports of 407.23 billion yuan, a year-on-year increase of 1.2 percent.
Of that, exports reached 255.132 billion yuan, a surge of 17.8 percent, while imports were worth 152.1 billion yuan, a decrease of 18.2 percent.