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Sustainable growth of industry economy Chongqing during January to May

 

The industrial economy of Chongqing picked up significantly in April. The information industry witnessed its rapid growth, while some others still hovered around the bottom line. It is of great necessity to consolidate the foundation of Chongqing’s industrial economy.

I. Major feature of industrial economy

       1. Recovery of industrial economy

The increase rate of industrial added value of Chongqing and that of added value and output value of above-scale enterprises are respectively 2.3, 2.4 and 2.6 percentage points higher compared with last quarter. The recovery of industrial economy in Chongqing was faster than the national pace, which enabled Chongqing to rank 11th nation-wide and fourth in West China in terms of the increase rate of added value of above-scale enterprises.

Table 1 Economic Index of Above–scale Enterprises in Chongqing (unit: in RMB billions)

Period

Industrial added value

Y-o-y increase

Output Value

Growth

Sales-output Ratio

April

17.42

17.1%

53.3

13.3%

98%

January - April

58.4

11.2%

176.6

7.4%

97.4%

 

Table 2 Industrial Added Value of Chongqing (unit: in RMB billions)

Period

Industrial added value

Y-o-y increase

April

18.29

15.8%

January - April

59.56

10.3%

 

2. Rapid growth of information industry

 

Table3: Income and Increase Rate of Main Business in Chongqing (unit: in RMB billions)

Industry

Income

Y-o-y Increase

Manufacture of electronic information products

9.94

8.9%

Software and information service

6.43

15.7%

 

Table 4: Increase Rate of Major Companies in the Software and Information Service Industry

Name of Company

Increase rate

Chongqing Zenith Information Technology Co., Ltd

680%

Chongqing Zhengda Huari Software Co., Ltd

32.4%

Chongqing Yadeh Science & Technology Co., Ltd

39.4%

Chongqing ChinaByte Technology Co. Ltd.

-31.6%

Chongqing Qianbao Technolgy Ltd.,

-30.9%

CISDI Engineering Co., Ltd

15.5%

 

3. Fueled Development of Production in Some Major Industries

Of the 39 industrial sectors in Chongqing, 28 sectors witnessed increase in April and increase rate of 20 sectors exceeded the municipal average. Please see the increase rate at the table below.

 

Table 5 Increase rate of some sectors in Chongqing

Sector

Current increase

Accumulative increase

Increase over Q1 (percentage point)

Transportation equipments

24.9%

8.2%

6.9

automobiles

11.9%

 

 

motorcycles

3.6%

 

 

Parts of automobiles and motorcycles

1%

 

 

Chemical raw materials & Chemical products

22.1%

15.5%

4.1

General-purpose equipments

23.4%

14.6%

3.5

Specialized equipments

23.4%

14.6%

12.7

 

4. Private economy laid solid foundation for growth of industrial economy.

The private enterprises in Chongqing realized rapid increase in output value during the period from January to April.

 

Table 6 Output value and increase rate of private enterprises in Chongqing (unit: in RMB billions)

Item

April

January - April

Output value

Increase

Output value

Increase

private enterprises

25.72

28.6%

81.13

25.2%

Small-scale private enterprises

17.55

24.6%

57.83

21.6%

 5. Rapid development of regional central cities

Of the six regional central cities, five witnessed rapid development. The total above-scale industrial output in the six districts made up to 18.8% of the total of above-scale enterprises, 3.8 percentage points higher than last year.

Table 7 Industrial output value and increase rate of major districts of Chongqing (unit: in RMB billions)

District

Industrial Output

Y-o-y Increase (%)

Wanzhou

6.52

74.5%

Fuling

9.64

24.8%

Jiangjin

7.7

27.8%

Hechuan

3.32

39.6%

Yongchuan

5.35

30.4%

Qianjiang

0.62

-6.5%

Total

33.15

34.5%

6. Low energy consumption of enterprises

The increase of industrial output was higher than the growth of the power consumption in April. This is resulted from low production capacity of high energy-consuming enterprises, rapid development of light and textile industry with low energy consumption, and fruitfulness of energy-saving work.

Table 8 Power consumption and increase rate of enterprises in Chongqing

Item

Power consumption (billion kwh)

Y-o-y Increase

Industrial

2.69

1.6%

In which, above-scale industries

2.62

-1.9%

Total

4.01

3.9%

7. Increase of loans for small- and medium-size industrial enterprises hit new highs.

The working capital loans for small- and medium-size industrial enterprises increased by RMB 2.3 billion, accounting for 60% of the total increase of the whole city in January – April. The industrial short-term loans increased by RMB 3.84 billion, accounting for 39% of the city's total. There were nearly 400 small- and medium-size industrial enterprises with influential and marketable products and high efficiency increasing their loans of working capitals in this year, in which, 167 enterprises established credit relations with the banks, which facilitated steady development of industrial economy of Chongqing.

   

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