Shaanxi’s Economy Grew 7.2% in the First Half of 2016
Shaanxi’s Economy Grew 7.2% in the First Half of 2016
Date: 2016-7-29

Shaanxi’s Economy Grew 7.2% in the First Half of 2016

● Shaanxi’s gross domestic product is RMB 820.785 billion Yuan, increasing by 7.2% on a year-on-year basis.

●The value added in the primary industry is RMB 44.227 billion Yuan, increasing by 2.9%.

●The value added in the secondary industry is RMB 393.673 billion Yuan, increasing by 6.9%.

● The value added in the tertiary industry is RMB 382.885 billion Yuan, increasing by 8.2%.

● Total production of summer crops is 4.791 million tons, achieving a good harvest.

● The total retail sales of consumer goods increases by 10.2% on a year-on-year basis.

● The value added of industries above a designated scale increases by 6.7%.

●The fixed-asset investment increases by 9.3%.

On July 20, the Information Office of Shaanxi Provincial Government held a press conference, and Zhang Xiaoguang, the press spokesman and deputy director general of Shaanxi Provincial Bureau of Statistics, announced Shaanxi’s economic operation of the first half year of 2016. According to the preliminary calculation, in the first half of 2016, Shaanxi’s gross domestic product is RMB 820.785 billion Yuan, increasing by 7.2% on a year-on-year basis, wherein, the value added in the primary industry is RMB 44.227 billion Yuan, increasing by 2.9%; the value added in the secondary industry is RMB 393.673 billion Yuan, increasing by 6.9% and the value added in the tertiary industry is RMB 382.885 billion Yuan, increasing by 8.2%.

Since the beginning of this year, Shaanxi Provincial Party Committee and Shaanxi Provincial Government have insisted on the general keynote of making progress while maintaining stability, kept an close watch on the requirements of “Five Being Firmly”, taken the supply-side structural reform as the mainline and held on to “De-capacity, De-stocking and Deleveraging, Cost Reduction and Weak Spots Shoring up”, to take various measures to stabilize the economic growth and promote effective investment. The economy in the first half year is “generally stable and also progressing”, emerging an excellent situation of “Four Stabilization, Four Progress and Four Optimization”.

The agricultural production remains stable and positive. Total production of summer crops is 4.791 million tons, achieving a good harvest. And this is a second year of high yield since 1999.

Consumption remains generally stable. The total retail sales of consumer goods increased by RMB 339.988 billion Yuan, accounting for 10.2% on a year-on-year basis.

The employment situation remains stable. The population of newly increased employment is 231,000 and the registered unemployment rate in cities and towns is controlled within 4%.

The price is moderate and controllable. CPI rose 1.5% from a year earlier, 0.3% less than that of the first quarter and 0.6% less than that of the national level.

“Progressing” shows up as the rapid development of new economy and continuous accumulation of new motivation. The value added of industries above a designated scale increases by 6.7%, reducing by 1% on a year-on-year basis. But the growth of value added of non-energy industry is significant, increasing by 13.9%, ranking the top around China.

The strategic emerging industry grows rapidly. In the first half year, the value added of the strategic emerging industry increases 12.1%, accounting for 10.12% of GDP.

The non-public economy proportion increases. The gained value added is RMB 437.459 billion Yuan, accounting for 53.3% of GDP.

The on-line retail grows quickly. The on-line retail sales by businesses (units) above designated size in Shaanxi increased 73.3% on a year-on-year basis, quickening by 10.7% over the first quarter.

Continual optimization of economic structure. In the first half year, the fixed-asset investment is RMB 815.659 billion Yuan, increasing by 9.3% on a year-on-year basis. Though, the growth rate falls 2.5% than that in last quarter, the investment structure is optimized: investment in the secondary industry declines, but investment in the primary industry and the tertiary industry increases in a high speed. At the same time, the investment in high energy-consuming industry declines by 11.6%.

The upgrade trend of consumption structure is evident. Consumption of development and enjoyment patterns of goods grows rapidly: consumption of the communication equipment increases by 24.1%, of E-journal and audiovisual products by 81.8% and of office supply by 21.7% on a year-on-year basis.

Continual optimization of industrial structure. The output value of the non-energy industry takes up 73.9% of the value of industries above a designated scale: that of equipment manufacturing industry increases by 16.6%, up to 5.7% that last quarter, of computer, communication and other electronic device manufacturing industry by 42.7% and of the high technology industry by 27.4%.

Upgrading of the service industry. Five Industries for Happiness, that is, tourism, culture, sports, health and old-age care, grow rapidly. The market subjects for the information technology and scientific research service industry increase by 32.3% and 79.5%, respectively.

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