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The industrial and economic aggregate of Chongqing exceeds RMB 800 billion

Last year, Chongqing municipality implemented a series of ‘expanding domestic demand, adjusting structure and maintaining growth’ polices and pay close attention to ‘stopping downturn and promoting growth’. The industrial economy is running better and better, recovering faster than anticipated. Production and operation of most of industries are getting better. The industrial sales output value of Chongqing is RMB 824.7 billion in 2009, a y-o-y increase of 14.1%. The y-o-y increase of industrial added value of industrial enterprises above designated sizes is 18.5%, 7.5% above the average of the country. The profit is RMB 30.7 billion, a y-o-y increase of 16%.
In addition, the operation of industrial economy of Chongqing has following six highlights.
First, rapid industrial recovery. Affected by the financial crisis, the industrial added value of Chongqing falls rapidly to -3.7% in January this year from 23.8% of last September and then recovers. The growth in the first quarter is 8.8%, growth of the first half 13.7% and growth of the whole year 18.5%, in a trend of rapid recovery.
Second, steady and rapid growth of industrial investment. Industrial investment of Chongqing last year is RMB 179.6 billion, a y-o-y increase of 30.2% due to following three reasons. The first is the strong growth in investment in manufacturing. The second is active private investment, driving the industrial investment to grow. The last is the leading role of major construction projects.
Third, rapid recovery of heavy industry. While the light industry keeps a steady and quick growth, the added value of heavy industry grows by 7.5% in the first quarter after a decrease of 7% at the end of January (3.1% lower than light industry), 13% in first half (2.2% lower than light industry), 16.7% from January to the end of September (2.9% higher than light industry) and 20.7% at the end of last year (7% higher than light industry), accounting for 70%. The recovery of heavy industry spurs a rapid growth of industrial economy in Chongqing.
Fourth, large and medium-sized enterprises up again. With the recovery or narrowed decrease of large and medium-sized enterprises based equipment manufacturing, chemical and metallurgical and other industries, the output growth fell by 1.5% in the first quarter to 2.8% in the first half. The annual growth is 15.9%. Among them, the total output of Changan Group grows by 61.1% and that of large enterprises such as Jianshe, Zongshen, Isuzu, Jianfeng, Tiema, Weichai, Haizhuang company, Isuzu Group, Chuandong Shipyard and others exceeds the average. In the meantime, state-owned and state holding enterprises recover steadily. The growth is from a decrease of 3.4% in the first quarter to an annual increase of 9.9%, playing a significant role in promoting a rapid industrial development of Chongqing.
Fifth, recovery of products of key industries and enterprises. Last year, output of 15 key industries such as transportation equipment manufacturing, special equipment manufacturing, communications equipment and other electronic equipment manufacturing, textile, food manufacturing, pharmaceutical manufacturing, oil and natural gas exploration grows by 20% or more. Output of 13 key products such as cars, clothing, soda ash, chemical raw medicine, power generation equipment increases by more than 25%. Fore example, there are 1,187,000 automobiles are produced in Chongqing in 2009, an increase from -12.6% at the end of January to 6.7% at the end of March, 24.7% at the end of June, 42.7% at the end of September and 59.8% at the end of last year, 11.8% higher than the national average.
Sixth, guarantee of industrial production factors. The industrial electric power consumption of Chongqing last year grows from -13.6% in January, to an increase of 3.1% in the first half, a growth of 6.4% from January to September and 9.5% at the end of December. The second is the continuous recovery of transportation volume of industrial products. Industrial products based railway freight volume is from the decrease of 19.1% in January to an increase of 1.2% in the first quarter, 6.5% of the first half, 8.6% from January to September and 10.2% of the year, hitting a record high in the past 10 years, which shows an increase of total volume of industrial products.
   

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