North China's Tianjin municipality witnessed significant improvement in its economic performance in the first quarter of 2024, setting a positive tone for the year ahead.

Over the past three months, Tianjin experienced steady growth in production and demand. Indicators of employment and prices remained at normal levels overall and residents' incomes continued to rise.

Based on consolidated figures for regional GDP, Tianjin saw its GDP to hit 389.01 billion yuan ($53.74 billion) in the first quarter. This marked a 5.3 percent year-on-year increase, surpassing the previous year's growth rate by 1 percentage point.

Broken down by industry, the primary sector of the city saw an added value of 2.73 billion yuan, marking a 4.9 percent increase; and the secondary and tertiary industries recorded added values of 129.88 billion yuan and 256.40 billion yuan, respectively.