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Review for 2016 Chenzhou Economy: Stable Improvement in the Beginning

2017-02-02

Though under the complicated economic trend, Chenzhou City kept the general tone of stable improvement in 2016, implemented the general strategy of “leading by industries and improving overall development”, and improved the development of “New Chenzhou” and “new increasing pole of Hunan Province”, all of which helped its economy to be operated stably and granted it to be with sound beginning of “13th five-year plan”. The GDP hit 219.08billion yuan, up 8.2% in terms of the comparable price ( similarly hereinafter), ranking the end place of Hunan Province. It is about 0.3% and 1.5% higher than Hunan provincial and national average level.

 

1. Stable improvement. Firstly, the agricultural production was kept increasing stably. The total added value of agriculture, forestry, husbandry, and fishing was amounted to 21.61billion yuan, up 3.4%. The yield amounts of cows and sheep were 165,000 and 487,000, up 2.9% and 2.1% respectively. Secondly, the increasing of industrial economy was stable. The increasing rate of its scaled industry added value was 6.7%, ranking the 6th place of Hunan Province. The added value of high processing industry and high-tech industry was with an increase of 15.2% and 14.7% respectively, while Hunan provincial or above level industrial parks scales industry increased 8.2%. Thirdly, the service industry was being improved well. The total added value of service industry was amounted to 81.50billion yuan, up 12.2% which was 1.7% higher than Hunan provincial level, which was 8.8% and 5.7% higher than the first and second industry. It contributed 53% to local economy. The sales volume of commercial houses was amounted to 25.5billion yuan, up 42.9%, which was 13.3% and 21.9% higher than last year. Total volume of social consumption products hit 90.51billion yuan, up 11.8%, ranking the 6th place of Hunan Province which was 0.1% higher than Hunan provincial average level. Wholesale, retail, accommodation, and catering were with different increasing rate as 11.6%, 11.3%, 14.1%, and 14.5% respectively. Concerned for corporate wholesale and retail trade above designated size, grain & food, garments, and furniture were with an increase of 20.1%, 19.6%, and 53% respectively.

 

2. Structure was being optimized gradually. Firstly, the percentage of three industries were climbed. The industrial structure for first, secondary, and tertiary industry was adjusted to be 9.9:52.9:37.2 from previous 9.7:54.7:35.6. The secondary industry was down 1.8%, while the tertiary industry was up 1.6%. Secondly, the industrial structure was improved. The added value of high processing industry covered 28.3% of the total above scaled industry, up 0.7%. Thirdly, the structure of investment was improved. Total fixed asset investments were amounted to 232.74billion yuan, up 14.2%, ranking 7th place of Hunan Province, which was 0.4% higher than Hunan provincial average level. The total investment of tertiary industry was amounted to 125.31billion yuan, up 15.0%, accounting for 53.8% of the total investments which was 0.2% higher.

 

3. Quality was improved gradually. Firstly, the enterprises were with better profits. From last January to November, total profits of above scale industry was with an increase of 0.1%, which greatly helped to stop the decreasing trend in the beginning of the year as 3.1% down. Food, medical treatment, and device manufacturing were up 16.1%, 10.3%, and 9.1% respectively. Secondly, the fiscal revenue increased as well. General public budget revenue was amounted to 23.55billion yuan, up 6.9% ( it was -8.4% in last same stage), and local fiscal revenue was 17.51biliion yuan, up 7.7% ( it was -5.3% in last same stage). Till the end of last December, the balance of deposits available in all financial institutions of Chenzhou City was 240.5billion yuan, up 24%, 46.59billion yuan of which were new deposits, up 80.1% compared with the beginning of 2016. Total balance of loans were 107.57billion yuan, up 13.7%. Fourthly, energy saving was better. The energy consumption for 10,000yuan scaled industry added value was down 7.7%.

 

4. Well-being condition was improved greatly. Firstly, the increase of price was smooth. CPI was up 1.6% which was 0.4% less than last year. Secondly, the employment situation was sound. 79,000 new urban employments were available in Chenzhou City, accounting for 132% of annual task. Thirdly, the residents’ income was increased. Urban per capita disposable income was amounted to 27,730yuan, up 8.6%, ranking 7th place of Hunan Province, which was 0.1% higher than Hunan provincial average level; rural per capita disposable income was amounted to 12,756yuan, up 8.3%, ranking 10th place of Hunan Province. Fourthly, the poverty alleviation work was improved well. 1.89billion yuan funds were issued to accurate poverty alleviation, which helped to lift 80,400 people out of poverty. 41 of the 42 Hunan provincial and Chenzhou municipal level key well-being projects well met annual targets.

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