Though the economic data of Hunan Statistic Bureau has not been released till now, we can also described it as “making progress while ensuring stability” for the first half year economy situation of Chenzhou city, which has actually become the consensus of various sectors.

As it can been seen from the economic data of first half year, the melody throughout Chenzhou was “increasing, stable, and fast”.

Agricultural production: increasing

Data: stable situation can be witnessed in Chenzhou’s agricultural production in the first half year of 2012. 1.56 million mu of early rice, 0.71 million mu of spring corn, and 3.65 million pigs were cultivated with the increase of 12600mu, 99800mu and 106900 heads respectively. The harvest areas of cole hit 0.833 million mu with 91500tons of yield capacity, up 39600mu planting areas and 4600tons of yield. The contracted planting areas of tobacco reached 0.4034 million mu, up 53700mu while the overall vegetable production amounted to 1.082 million tons with the value of 2.1 billion yuan, up 150 million yuan.

Comments: from the beginning of 2012 on, Chenzhou government has adhered to food production and treated it as a primary task of agricultural work. Responsibility system for food production was well implemented, while the production input, demonstration area construction, concentrated foster issues, prevention and control work, supervision, etc. were enhanced at the same time. Some key projects such as “ten billion industry” of grain & oil and “new network project” were progressing smoothly. However, due to the long term rainy weather with less sunshine, the pest diseases of agricultural production increased in the first half year. Tobacco and early rice yield capacity were estimated to be reduced. On that condition, the government should pay more attention to the rice production of the next half year, especially to the pest diseases prevention to ensure the harvest of late rice and decrease the losses of agricultural products.

Industrial production: stable

Data: from January to May, the added value of Chenzhou above-scale industries accumulated to 26.93 billion yuan, up 17.2%. Its growth rate ranked second in Hunan province, 1.9% and 6.5% higher than Hunan provincial and China national average increase rate respectively. It was expected to reach 34 billion yuan on added value of scale economy with a year-on-year increase of 16.5% and decrease of 0.7%.

Comments: by carrying out activities like “year of industrial economy upgrading” and “year of strategy emerging industry promotion”, Chenzhou industrial organizations tried best to organize industrial production and vigorously promote industrial project construction. All these efforts enabled Chenzhou economy to be increased fast with a better condition than China and Hunan province, leading ahead of south Hunan areas. Affected by Europe’s debt crisis, the domestic economy continued to slow down with the lacking of markets and decreased industrial product price. Enterprises off or half-off production increased in Chenzhou city, which restricted the improvement of Chenzhou industrial economy. In the second half year of 2012, Chenzhou government need fully focus on the production, enhance the government-enterprise cooperation of silver industry, solve the financing difficulties of enterprises, promote the project construction and cultivate new growth points.

Financial work: fast

Data: from January to June, the general fiscal revenue of Chenzhou city hit 91.9 billion yuan, ranking 4th of Hunan province with 190 million yuan more than the target task. The deposit balance of financial institutions reached 123.842 billion yuan with a year-on-year increase of 14.2%, and an increase of 10.38% compared to the beginning of this year. The loan balance amounted to 53.376 billion yuan with a year-on-year increase of 23.11%, and an increase of 15.47% compared to the beginning of the year. The ratio of loan-to-deposit for Chenzhou city banking institutions was 43.1%, up 1.9% compared to the beginning of this year, which set a totally new record.

Comments: currently, maintaining growth is a main theme for domestic economy. And it was expected to keep the stable and fast growth on domestic economy. In the second half of the year, Chenzhou government would issue series of policies and measurements concerning steady growth and promotion to drive the construction of key infrastructure projects and industrial projects to provide a strong support for finance. Chenzhou government would fully enlarge the total volume of social financing for its steady growth, pay special attention to the support for enterprises of medium, small and micro sizes, promote the listing financing and scale development of private enterprises, and conduct private capitals to serve for the real economy. Chenzhou government would keep optimizing the development condition for the better implementation of all policies.