The total volume was kept increasing but with lower increasing rate

It was learned from the analysis meeting for first quarter’s economic trend that under higher downstream pressure, Chenzhou city’s economy was kept stable performance in first quarter. The total volume was kept increasing but with lower increasing rate. It was estimated that the total regional GDP would hit 35.7billion yuan with an increase of 10.4%, keeping Hunan provincial average level.

Generally speaking, all industries of Chenzhou city were improved stably. Agriculture was increased steadily with more grain acreage. Tasks for tobacco plantation, water conservancy investment and afforestation were over-fulfilled. 43.7% more agricultural professional cooperatives were established in Chenzhou city. Industry was kept stable increase trend as last second half year with an increase of 12.4% on the growth of added value. The rate of operation for scaled industries was up to 93.5%. The total electricity consumption volume increased 8.9% in first two months of 2014. Concerned for the consumption, the demands became hotter that the added value of service industry was up 10.4% and the total retail sales of consumer goods was up 12.5% which was 1.5% higher than last year. Transport volume of highway and waterway, post and telecommunications and tourism income were with substantial increase.

One point for the economic situation of first quarter was that the increasing rates for some major economic indicators (such as finance, investment, banking, foreign trade, and etc.) were with lower increasing rate. The whole city and local fiscal revenue of Chenzhou city increased 13% and 16.3%, dropping 8.9% and 14.5% respectively. The estimated fixed asset investment was about 24.8%, dropping 12.5%, especially for the real estate that the increasing rate was 33.7% lower than last year (while the increasing rate for the sales of commercial housing was 49.8% lower than last year). Concerned for the foreign investment, the paid-in foreign capitals decreased 46.65%.

On the basis of analysis of international and domestic economic situation and Chenzhou city’s transformation development condition, Chenzhou city’s economy was expected to reach higher increase in later period while the first period was with lower increasing rate. That was because it was with some powerful delay effects. Though the actual use of foreign investment decreased, the domestic investment was with sound trend that the paid-in domestic investment was up 40.2%. The increase rate for investment decreased a little bit, but it was with sound improvement condition that it was estimated to be 3% higher than Hunan provincial average level. Investments on industry, tertiary industry, well-being, infrastructure, ecological condition, and etc. were with higher increasing rate. At the meantime, deepening reform carried out in Chenzhou city helped to drive the market to be more positive. 4651 market players increased in Chenzhou city from the operation of registration system reform in this February, which was 24.5% more than last year. The new enterprises and registered capitals were with the increase rat of 129.2% and 289.3% respectively.
Furthermore, the quality of economic performance was kept to be optimized. The investment placed on tertiary industry was about 50% of the total fixed asset investment in first quarter, whose increasing rate was up to 39%- the highest one among the three industries.