t was learned from the press conference for Chenzhou economy that followed the strategic layout of "four overalls", Chenzhou city carefully implemented the concept of "five developments" and the general strategy of "keeping leading role of industry, improving overall development" and forcefully promoted the construction of "five Chenzhou" from the beginning of 2016, which granted the economy with sound performance.

According to the calculation, the GDP of Chenzhou city was amounted to 93billion yuan in the first half year of 2016, up 7.7% in terms of the comparable price, ranking the 5th place of Hunan province, and up 1.1% compared with first quarter. The added value of first, secondary, and tertiary industry was 8.57billion yuan, 45.35billion yuan, and 39.08billion yuan respectively, up 3.1%, 5.9%, and 10.9%.

Stable performance of industrial and agricultural production

In the first half year, the agricultural production was being improved well: the production of grains and tobacco leaves were with sound trend; output volume of vegetables was amounted to 1.116million tons, up 11.1%; the breeding industry was promoted stably that the production of cows and sheep was up 4.8% and 3.1% respectively; and aquatic products was about 59,000tons, up 3.8%.

In the first half year, the added value of scaled industry was up 6%; the increasing rate of manufacturing industry is comparable faster that the added value of high-tech manufacturing was up 9.2%; the added value of industrial parks' scaled industry was up 7.3%, accounting for 76.4% of the total scaled industry of Chenzhou city; and the energy consumption of industry was much less that the energy consumption for 10,000yuan scaled industrial added value was with a decrease of 19.6%.

Strong domestic demands

In the first half year, 99.56billion yuan investments were paid on fixed assets, up 15.5%, ranking the fifth place of Hunan province. 6.98billion yuan, 41.38billion yuan, and 51.19billion yuan was finished on first, secondary, and tertiary industry respectively, up 5.9%, 27.8%, and 8.5%.

In the first half year, the total retail sales of social consumption goods were amounted to 41.96billion yuan, up 11.5% which was 0.1% higher than Hunan provincial level. The destocking of real estates was with sound effects that 2.454million square meters commercial houses were sold in the first half year, up 41.5%. IN the end of this June, there was 3.881million square meters commercial house on market, which was 70,000 square meters less than the end of this May, greatly easing the stocking pressure. 

Acceleration of transformation and upgrading

The industrial structure was being optimized gradually. In the first half year, the added value of tertiary industry was accounted for 42% of GDP, up 1.8%. Its increasing rate was 7.8% and 5% higher than the first industry and secondary industry. The added value of high-tech industry and device manufacturing was up 9.2% and 9.7%, which was 3.2% and 3.7% higher than above scale industry.

The structure of investment was being improved as well. 20.81billion yuan was placed on strategic emerging industry, up 16.6%; 6.26billion yuan was placed on transportation, warehousing, and post industry, up 26.2%; and 710million yuan was placed on information, software, and information technology service industry, up 174.7%.

In the first half year, the actual use of foreign investment was amounted to USD770 million, and the paid-in domestic investment was 23.35billion yuan, up 7.7%.

Sound financial condition

In the first half year, the total revenue of general public budget was 15.54billion yuan, up 17.6% which was 12.8% higher than the first quarter, ranking 3rd place of Hunan province. The local financial revenue was amounted to 12.45billion yuan, up 20.5% which was 18.1% higher than the first quarter, ranking second place of Hunan province.

Till the end of this June, the total local and foreign currency deposits was 211.64billion yuan, up 18.9%, while the balance of loans was 104.16billion yuan which was 9.59billion yuan more than the beginning of this year.

Sound improvement of well-being condition

The employment condition of Chenzhou city was kept stably that41,500 new urban employments were achieved in Chenzhou city in the first half year of 2016, accounting for 69.2% of annual task.
The prices were being decreased steadily that the CPI was up 1.4% which was 1.2% lower than earlier stage.

More investments were placed on well-being projects that the 26.3% of the financial expenditure was placed on well-being projects, which was 1.2% higher than the increasing rate of general public budget expenditure, accounting for 74.1% of the general public budget expenditure.

The income of residents was being increase rapidly. According the sampling investigation handled out by Hunan Survey Organization of the State Statistics Bureau that the per capita disposable income of Chenzhou residents was 9557yuan, up 9.7%. The per capita disposable income of urban residents was 13,914yuan, up 8.7%, while the per capita disposable income of rural residents was 5713yuan, up 9.4%.