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Home >> Business
UPDATED: 08:15, February 05, 2006
Tertiary industry grows 15 percent in E.China province
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The tertiary industry in East China's Zhejiang Province witnessed a stable expansion last year, with modern logistics, financial, property development, tourism and information service developing into new growth areas.

The provincial statistical bureau said that Zhejiang's tertiary industry realized 534.5 billion yuan (65.9 billion U.S. dollars) in value-added output in 2005, up 14.9 percent over the year-earlier level. The growth rate was 2.5 percentage points higher than the province's GDP growth.

Last year saw the business turnover of post and telecommunications services increase by 24.8 percent to 83.5 billion yuan, the bureau added.

Sales of housing amounted to 108.3 billion yuan, up 24.7 percent.

Zhejiang's tourism income stood at 137.9 billion yuan last year, up 23.1 percent, according to the bureau.

Source: Xinhua

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