Footwear Exports In The First Three Quarters Of Zhejiang Increased By 20.4%

On the 30 day, the Zhejiang statistical bureau held a press conference to announce the economic performance of Zhejiang in the first three quarters.

Wang Chieh, director of the Zhejiang Provincial Bureau of statistics, said that in the first three quarters, the total GDP of the province was 12984 billion yuan, an increase of 14.7% over the same period last year, an increase of 0.8 percentage points over the same period last year, of which third industry added value was 534 billion 900 million yuan, an increase of 15.9%, the highest increase in three industries.

"Economic growth has been mainly driven by investment and export in the past, and has been pformed into consumption, investment and export synergy, and the pulling power of consumption to the economy has been strengthened."

Wang Chieh said at the meeting that in the first three quarters of the year, the gap between the growth rate of total fixed assets investment and total retail sales of social consumer goods decreased from 4.6 percentage points higher than 1.1 percentage points in the same period last year.

"Only when consumption grows faster, economic development is sustainable."

Wang Chieh said that in the past three years, the growth of consumption in Zhejiang is faster than that in fixed assets investment. This change is in line with the report of the Seventeenth National Congress of the Communist Party of China, and the economic growth proposed by the Communist Party of China should rely more on consumption, investment and exports.

In the first three quarters, the overhead and financial expenses of Industrial Enterprises above Designated Size in Zhejiang increased by 20.3% and 33.5% respectively, and the deficit companies made a loss of 8 billion 660 million yuan, up 17.1% from the same period last year.

"The pressure of production and operation continues to increase."

Wang Chieh said that in the first three quarters, the ex factory price of industrial products increased by 2.5%, and the purchase price of raw materials, fuels and power increased by 4.7%, or 2.2 percentage points.

At the same time, influenced by factors such as the adjustment of export tax rebate policy, the continuous appreciation of RMB, the increase of trade frictions and the changes in processing trade policies, the export enterprises in our province have been under great pressure, and most small enterprises are unable to shift the cost of export products increased by raising prices.

Moreover, as the central bank raised the benchmark lending rate for the 5 time this year, and the investment of industrial enterprises in labor security, environmental protection, safety production, cleaner production and so on, the objective of the central bank also increased the operating costs and reduced the profit margins.

The export of private enterprises increased by 39.6%. The export of high-tech products increased and the total import and export volume of the province increased by US $130 billion 260 million, an increase of 29.3% over the same period last year, of which 94 billion 860 million US $94 billion 860 million, an increase of 29.2% and an increase of 29.5% in imports.

Private enterprises exported 45 billion 650 million US dollars, an increase of 39.6%, accounting for 48.1% of total exports, an increase of 2.7 percentage points over the same period last year.

Exports of textiles and clothing increased by 20.3%, footwear exports increased by 20.4%, exports of mechanical and electrical products increased by 34.2%, and accounted for 43.1% of the total exports of the province.

Exports of high-tech products increased by only 3.2%.