In the first quarter, the GDP of Liaoning Province at constant prices grew by 4.7% year on year to reach 666.14 billion yuan, which is 0.2% higher than the national average and the best performance in recent years.

According to the first press conference of the “Good Start in the Economy in the First Quarter of 2023” series, held by the Information Office of Liaoning Provincial People’s Government on April 20, the overall economic performance of Liaoning has made a good start, with strong growth momentum in major economic indicators. In the first quarter, the GDP of Liaoning reached 666.14 billion yuan, a year-on-year increase of 4.7%. The added value of the primary industry was 33.45 billion yuan, an increase of 3.0%. The added value of the secondary industry was 256.89 billion yuan, an increase of 7.2%. And the added value of the tertiary industry was 375.8 billion yuan, an increase of 3.4%.

In the first quarter, the agricultural and rural economy of Liaoning maintained stable growth, and the output of major agricultural products continued to grow. The planting industry performed well, with a year-on-year increase of 11.0% in fruit production and 5.0% in vegetable and edible fungus production.

In the first quarter, the value-added of industry above designated size in Liaoning increased by 7.5% year-on-year. Specifically, the added value of equipment manufacturing and high-tech manufacturing increased by 21.8% and 14.9%, respectively, which were 14.3% and 7.4% higher than that of industrial enterprises above designated size as a whole.

In the first quarter, the accommodation and catering sector in Liaoning grew rapidly. The retail sales of the accommodation industry above designated size rose by 29.2% to 640 million yuan, and the retail sales of the catering industry increased by 16.9% to 4.12 billion yuan. The transportation industry resumed growth, with freight volume up by 5.6% to 381.778 million tons, and passenger volume up by 6.3% to 57.695 million.

In the first quarter, the total retail sales of consumer goods of Liaoning saw a year-on-year increase of 6.5% and reached 234.34 billion yuan. By consumption type, commodity retail sales were 218.42 billion yuan, an increase of 6.4%; and catering revenue was 15.92 billion yuan, an increase of 9.3%.
In the first quarter, the fixed asset investment of Liaoning went up by 11.9%. Infrastructure investment and manufacturing investment increased by 18.6% and 8.8% respectively, while investment in real estate development decreased by 7.9%. Investment in the primary, secondary, and tertiary industries grew by 12.8%, 18.7%, and 7.4% respectively. Investment in high-tech industries rose by 38.4%, with high-tech manufacturing and high-tech services up by 13.3% and 78.3% respectively.

According to the statistics from the customs, in the first quarter, the total import and export volume of goods in Liaoning reached 188.96 billion yuan, a 3.7% increase compared with last year. Exports saw a growth of 8.1% to 86.11 billion yuan, and imports saw a rise of 0.3% to 102.85 billion yuan. In terms of trading partners, the import and export volume with countries along the Belt and Road reached 76.39 billion yuan, an increase of 25.3%; and that with ten ASEAN countries reached 17.3 billion yuan, an increase of 23.6%.

In addition, in the first quarter, the general public budget revenue of Liaoning increased by 7.6% year on year to 82.83 billion yuan. Tax revenue rose by 0.3% to 54.69 billion yuan and the consumer price index (CPI) of Liaoning saw a rise of 1.2%, with 1.3% for urban areas and 0.9% for rural areas.

Overall, in the first quarter, Liaoning has strived to carry out the Three-Year Action Plan for Comprehensive Revitalization and New Breakthroughs, resulting in an accelerated release of the combined effects of policies, improved flow in the economic cycle, significant improvement in production demand, and a sustained, stable, and positive trend in economic performance.