According to the website of the Huangshan Municipal Bureau of Statistics, according to the unified calculation results of the regional GDP, the GDP of Huangshan City in the first quarter of this year was 26.624 billion yuan, an increase of 6.8% year-on-year at constant prices. Among them, the added value of the primary industry was 1.089 billion yuan, an increase of 4.8%; the added value of the secondary industry was 7.128 billion yuan, an increase of 7.2%; the added value of the tertiary industry was 18.407 billion yuan, an increase of 6.9%.

In the first quarter, the added value of industrial enterprises above designated size in Huangshan City increased by 11.9% year-on-year, an increase of 4.5 percentage points over the same period last year. Among them, the added value of equipment manufacturing industry increased by 17.0%, and the contribution rate to the growth of industrial enterprises above designated size was 50.4%, of which the automobile manufacturing industry increased by 41.8%, the instrument and meter manufacturing industry increased by 31.0%, and the electrical machinery and equipment manufacturing industry increased by 28.5%.

In the first quarter, Huangshan City received 18.638 million tourists, a year-on-year increase of 11.4%, and total tourism expenditure of 21.38 billion yuan, an increase of 13.1%. Among them, 40,000 inbound tourists were received, an increase of 83.2%, and foreign exchange earnings were 27.59 million US dollars, an increase of 130.2%.

According to data released by the National Bureau of Statistics of China on April 16, the real gross domestic product (GDP) after excluding price changes in January-March grew 5.4% year-on-year. This growth rate is the same as that in October-December 2024. Production remains in good shape, but the real estate-related sector continues to be sluggish. In the future, the US tariffs on China will become a heavy burden.

The year-on-year growth rate in January-March is higher than the average market forecast (5.0%) surveyed by the Nihon Keizai Shimbun and Nikkei QUICK News. The month-on-month growth rate adjusted for seasonal factors is 1.2%, which is smaller than that in October-December 2024 (1.6%).

If the month-on-month growth rate is converted to an annual rate as in developed countries, the growth rate is about 4.9%. The nominal GDP, which is close to the actual living experience of the people, grew 4.6% year-on-year. The growth rate in October-December 2024 (1.6%) was 4.6%.

Other statistics were also released on the 16th. Industrial production grew by 6.5% from January to March. March alone grew by 7.7%. The production of new energy vehicles such as pure electric vehicles (EVs) grew by 45.4%, 3D printer equipment grew by 44.9%, and industrial robots grew by 26.0%.

Fixed asset investment, which reflects factory construction, grew by 4.2% from January to March. Among them, private investment grew by 0.4%. The real estate market continued to be in a sluggish state, with real estate development investment falling by 9.9% from January to March. The area of ​​new home sales also fell by 3.0%.

The total retail sales of consumer goods in March, which is calculated by adding up the sales of department stores, supermarkets, and online retail sales, grew by 5.9%. Catering revenue, which accounts for 10% of the total, grew by 5.6%. The total retail sales of consumer goods from January to March grew by 4.6% year-on-year.

At present, external demand has become a driving factor for the economy. Exports (in US dollars) from January to March grew by 5.8% year-on-year. The trade surplus obtained by subtracting imports from exports grew by more than 40% year-on-year.

The GDP growth rate from January to March exceeded the economic growth rate target of “around 5%” set by the Chinese government for 2025. The Trump administration of the United States has imposed a cumulative tariff of 145% on China, which will inevitably affect China’s exports to the United States. If external demand stagnates, the risk of economic slowdown will increase, and the uncertainty of the outlook is rising.