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Rapid Development of Service Industry

2018-07-31

On July 27, the author learned from the Municipal Bureau of Statistics that in the first half of this year, the gross domestic product of our city reached 109.29 billion yuan, an increase of 8.5%, 1.1% higher than the same period last year, and 0.7% higher than the average level of the whole province, ranking second in the province. The city's economy was in a critical period of steady progress and steady improvement in quality, the pace of household consumption upgrading was accelerated, the demand for industrial and agricultural transformation and upgrading was strong, and the service industry was promoted rapidly with the new features of speed enhancement, structural optimization and dynamic transformation.

 

According to statistics, the city's service industry grew faster than the region's (GDP) and industrial growth. In the first half of this year, the city's agricultural added value increased by 3.1%; the industrial added value by 6.9%; the service industry growth was 4.3% higher than industrial growth and 2.7% higher than regional (GDP) growth. Secondly, it is an important symbol of industrial structure transformation and upgrading that the proportion of service industry is more than industry. In the first half of this year, the added value of the city's service industry was 52.51 billion yuan, an increase of 11.2%. The proportion of three major industries was: 8.5: 43.5: 48, with the service industry overtaking industry as a share of GDP for the first time. At the same time, the contribution of the service industry to economic growth has increased substantially. In the first half of this year, the contribution rate of service industry to GDP growth was over 55% for the first time, reaching 57.5%, becoming the primary factor that stimulates economic growth.