China's Hubei sets new GDP record
Xinhua
20 Jan 2022, 13:30 GMT+10
WUHAN, Jan. 20 (Xinhua) -- The gross domestic product (GDP) of central China's Hubei Province in 2021 surpassed 5 trillion yuan (about 787.6 billion U.S. dollars) for the first time, Wang Zhonglin, Hubei's governor said at the seventh session of the 13th Hubei Provincial People's Congress on Thursday.
The figure is a 12.9-percent increase from the previous year, Wang added.
Hard-hit by the coronavirus outbreak, Hubei's economy experienced a free fall in the first quarter of 2020 but the effective anti-virus measures have led to a relatively fast recovery after the epidemic subsided. The province's GDP in 2020 recovered to over 95 percent of the previous year's level.
Subscribe and Follow
Get a daily dose of Argentina Star news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
News RELEASES
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Argentina Star.
More Information
12
℃
Italian, Dutch soccer fans deported after clashes injure 19 police
TIRANA, Albania: Following violent clashes between Dutch and Italian fans and the police ahead of this week's Europa Conference League ...
New Japan lithium-air battery promises power for airplanes
TOKYO, Japan: A new high-density electric battery developed in Japan has the potential to power electric airplanes, according to industry ...
After earlier accepting 1 million migrants, Greece closes borders, sea
ATHENS, Greece: After a sharp increase in attempted entries by migrants through its Aegean islands and land border with Turkey ...
Hong Kong Catholic cardinal urges end to deal with China and Vatican
HONG KONG: In his first public remarks since he was arrested under Hong Kong's National Security Law earlier this month, ...
Bill to close media agencies begins way through Russian parliament
MOSCOW, Russia: Following the closure of a number of Russian state news outlets in the West, this week the Russian ...
UK, Lithuania boost defense cooperation to counter Russian aggression
LONDON, England: A joint declaration to boost defense and security collaboration was signed between Britain and Lithuania this week. London ...
UK to OK Shell's North Sea gas project to provide 6.5% of nation's gas
LONDON, England: UK officials are expected to approve a request by Shell Oil to develop a North Sea gas field, ...
As tourism returns, Spain's hotels raise rates 36% over 2021
MADRID, Spain: Hotels in Spain are seeing a rebound in tourism, increasing their rates by 36 percent in April over ...
Nasdaq Composite leads U.S. stocks in rally, index adds more than 3%
NEW YORK, New York - U.S. stocks raced ahead on Friday, with technology shares leading the way on signs inflation ...
Hyundai recalls vehicles in US, Canada to replace seat belt part
WASHINGTON D.C.: Due to seat-belt mechanisms that could explode and shoot out metal fragments in the event of a crash, ...
Starbucks announces closure of all outlets in Russia
SEATTLE, Washington: Following the decision of McDonald's, Seattle-based Starbucks said this week that it will exit the Russian market after ...
Asian stock markets join global rally, Japan's Nikkei 225 gains 177 points
SYDNEY, NSW, Australia - Stocks in Asia were stronger across the board on Friday, following a two-day surge on Wall ...
