Hainan’s GDP up 17.6% to RMB150 billion in Jan-Sep
The growth rate, the highest level since 1994, was 7 percentage points higher than the national average of 10.6%.
In the first nine months, the province’ fixed-asset investment totaled RMB 89.91 billion, 41.3% more than in the same period of last year.
Retail sales in the province rose 19.5% year on year to RMB 44.7 billion during the period.
The province recorded RMB 39.9 billion in fiscal revenue in the first three quarters, 47.1% more than in the same period of last year, boosted by the booming real estate sector.
Tax revenue from the property sector rose 151.1% year on year to RMB 8.5 billion during the period.
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