It was learned from Chenzhou Statistic Bureau that Chenzhou City’s economy kept a stable performance in the first 5 months of 2014. Industry, investment, consumption, opening economy, loan and some other indexes were with some increases on the basis of stable performance, while the increase of finance, deposit and sales of commercial housing decreased some.
Industrial production was accelerated rapidly
From January to May, the increase of Chenzhou city’s scaled industrial added value hit 12.6% with an increase of 0.8% and 0.1% compared with last year and the first 4 months of 2014 separately. It was also 1.2% higher than Hunan provincial average level, ranking the second place of Hunan province. The mining industrial added value decreased 0.5%, manufacturing industrial added value increased 14.5%, production and supply industry of electricity, heat and water decreased 6.0%, high-processing and high-tech industrial added value increased 23.4% and 40.4% respectively and Hunan provincial and above level’s industrial parks’ added value increased 13.8%.
Investment was increased fast
The total amount of fixed asset investment hit 58.86billion yuan in first 5 months of 2014 with an increase of 25.2% and 2.2% compared with last year and first 4 months of 2014 respectively. It was also 4% higher than Hunan provincial average level, ranking the forth place of Hunan province. 4.51billion yuan, 24.63billion yuan and 29.71billion yuan investments were fulfilled for the primary, secondary and tertiary industry in the first 5 months in Chenzhou city, which was down 6.8%, up 11.6% and up 47.9% accordingly compared with last year. 4.47billion yuan investment was placed on real estate with an increase of 11.8% which was 0.1% higher than the first 4 months. 1.087million square meters commercial housing was sold with an increase of 22.1% which was 8.8% lower than first 4 months of 2014. 2034 projects were under construction, which were 52 more than last year.
The consumption was kept stably
The total retail sales of consumer goods hit 26.8billion yuan in the first 5 months of 2014with an increase of 12.6% compared with last year. It was with a fair increase of 1.4% as the first 4 months, which was 0.2% lower than Hunan provincial average level, ranking the ninth place of Hunan province. The retail sales of the enterprises (units) above designated size were amounted to 8.51billion yuan, up 14.2%, 8.22billion yuan of which was for corporate enterprises above designated size, up 10.5%. At the meantime, the increase for home appliances, automobiles, jewelries, furniture, and some other high-end consumer goods were 9.7%, 12.5%, 36.2% and 13.9% lower than last year.
Foreign trade was promoted rapidly
Series work such as launching of non-ferrous metals import exchange platform and comprehensive service unit for foreign trade, construction of smelting and processing base for concentrate of copper and gold, and etc. were handled out in Chenzhou city to promote its development of foreign trade. $1.07billion foreign trade volume has been finished in first 5 months in Chenzhou city with an increase of 11.8% and 6.6% compared with last year and the first 4 months of 2014 respectively. Its foreign trade volume was just lower than Changsha city, ranking the second place of Hunan province. Such increasing rate was 11.6% higher than national average level. $550 million was for export, up 1.8% and 6.2% compared with last year and the first 4 months of 2014. $520 million was for import, up 24.7%. The total volume for processing trade was $700 million, up 22.9% and 10.9% compared with last year and first 4 months of 2014, ranking the first place of Hunan province.
The increase rate for fiscal revenue was with some decrease
Due to the decreasing of non-ferrous metal price, the profit and tax payment of non-ferrous metal industry and enterprises decreased badly. The total public fiscal revenue of Chenzhou was amounted to 9.09billion yuan in first 5 months of 2014, up 6.0%, ranking the tenth place of Hunan province. Its increasing rate was 16.1% and 4% lower than last year and first 4 months of 2014 respectively. Total local fiscal revenue was amounted to 7.17billion yuan with an increase of 12.9% which was 12.3% lower than last year, but was with a fair increase as first 4 months of 2014. The tax payment was just 2.52billion yuan, accounting for 27.3% of the annual target. It was just with an increase of 0.3% which was 6.3% lower than last year. The fiscal expenditure was amounted to 12.75billion yuan, up 22.8%.
Financial industry was operated steadily
Till the end of this May, the deposit balance of local and foreign currency was amounted to 158.29billion yuan, up 11.4% which was 1.1% lower than first 4 months of 2014. The loan balance of local and foreign currency was amounted to 71.8billion yuan, up 14.2% which was 0.4% lower than first 4 months of 2014. 4.15billion yuan of them was for new loan, down 31.6% which was 11.7% lower than the first 4 months of 2014.
Foreign investment was increased
25 foreign funded projects were signed in the first 5 months of 2014 in Chenzhou city. The actual use of foreign capitals were amounted to $450million, ranking the second place of Hunan province. It was up 6.6% which was 20.7% higher than first 4 months of 2014. 486 domestic funded projects were signed in the first 5 months as well. The paid-in domestic capitals were amounted to 14.96billion yuan, ranking the third place of Hunan province. It was up 12.5% which was 0.6% lower than first 4 months of 2014.
The price was kept stably
CPI was 1.0% higher than last year in this May. It was up 2.0% in first 5 months of 2014. PPI was 0.1% higher than last year in this May. It was down 1.7% in first 5 months of 2014.