China Knowledge quoted according to the latest statistics released by the Tianjin Statistics Bureau the gross domestic product in Tianjin Municipality grew 16.6%YoY to CNY 509.87 billion in the first half of this year.
The GDP in the first six months included CNY 6.68 billion generated by the primary sector up by 4%YoY. CNY 281.49 billion and CNY 221.7 billion were generated in the secondary sector and the tertiary sector up by 18.4% and 14.6% respectively.
During the period from January to June, the value added output of industrial enterprises in the city increased 19%YoY to CNY 259.31 billion. Fixed asset investment in Tianjin increased 33.3%YoY to CNY 344.75 billion of which CNY 53.91 billion was invested in the real estate sector up by 30.5%YoY.
