Service industry in Nanning maintains consecutive growth in first three quarters


It is learned from Nanning Municipal Development and Reform Commission on November 6 that the city’s service industry witnessed a growth rate of 8.7% in the first three quarters, which has been an evidence for continued development momentum.

In the first three quarters, Nanning achieved an increased value of 137.066 yuan in its third industry, accounting for 51.54% of the total GDP. With an increase of 15.077 billion yuan compared with the same period of the last year, it saw a growth of 8.7% on a year-on-year basis. Investment for fixed assets of service industry reached 186.731 billion yuan, with an increase of 17.3% compared with that of last year. And the operation revenue of other profitable service enterprises increased by 23.2% year on year. Since the beginning of 2017, Nanning has vigorously developed sectors such as finance, modern logistics and e-commerce, etc., and injected new driving force into the development of service industry. At the same time, traditional industries have been also promoted as the sales volume of social consumable wholesales of the entire city exceeds150 billion yuan.

It is reported that Nanning will build itself into a regional modern service center through multiple and simultaneous measures on promoting modern service business.

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