Tianjin Economy Maintains Steady Growth in Q1-Q3

According to statistics released by Tianjin Municipal Bureau of Statistics, the city's economy continued to expand steadily in the first three quarters, with its GDP reaching 1.34 trillion yuan (about $189 billion), up 4.7 percent year-on-year.

By sector, the added value of the primary industry rose 2.5 percent, the secondary industry 3.6 percent, and the tertiary industry 5.2 percent, demonstrating the city's solid momentum in services-led growth.

Industrial production maintained moderate expansion. The value-added output of high-tech manufacturing grew 5.9 percent, outpacing overall industrial growth. Output of electronic computers surged 34 percent, while production of industrial and service robots rose 27.9 percent and 11.9 percent respectively.

The service sector grew 5.2 percent, driven by strong gains of 21.8 percent in information technology and 14.4 percent in business services.

Fixed-asset investment — a gauge of spending on infrastructure and manufacturing — rose 3 percent, led by a 12.8 percent increase in infrastructure investment, especially in water conservation, ecological projects, and public facilities.

Retail performance was mixed, with total consumer goods sales falling by 0.7 percent. Nevertheless, online retail sales of key consumer goods grew 9.4 percent, while sales of home appliances and cultural products surged by more than 14 percent and 50 percent, respectively, reflecting ongoing upgrades in consumer spending.