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Economic Operation of Ningbo in the first quarter of 2013
2013-04-28Text Size: A A A

In the first quarter of this year, following the guideline of "making progress while ensuring stability", all departments of various levels of Ningbo concentrated on the improvement of the people's lives and the economic growth quality and efficiency, and took efficient steps to handle the complex and volatile internal and international situation. As a result, Ningbo continued the economic recovery that started in 2012. and the first quarter saw a good start in the economy of Ningbo.

It is preliminarily estimated, in the three months, the GDP amounts to 138.41 to billion yuan, increased by 8.3% over the same period of last year, calculated by comparable price. The growth rates were respectively 1.3 points and 0.5 points on the yearly base. Of the total, the added value of the first industry reaches 4.75 billion yuan, increased by 2.9%; the added value of the secondary industry reaches 75.19 billion yuan, increased by 8.4%; the added value of the tertiary industry amounts to 58.47 billion yuan, increased by 8.6%. The proportion of the three is 3.4:54.3:42.3.

1, The agricultural development remains stable and fishing turns better.

In the first quarter of this year, the added value of agriculture, forestry, husbandry and fishery reached 4.75 billion yuan, increased by 2.9% over the same period of last year, calculated by comparable price. The growth rate is 0.1 points above the same period of the previous year. The fishing has turned better. The turnover of seafood is 228,000 tons, increased by 8.0%. Of the total, the marine output increases by 12.8%. The added value of fishery reaches 2.3.6 billion yuan, increased by 4.0%. This contributes as much as 62.0% to the total added value of agriculture, forestry, husbandry and fishery. Owing to climate and economic reasons, the spring grain sowing reduced by 2.3% against the same period in the previous year.

2, The industrial production is on recovery and there is a fast increase in the efficiency of enterprises.

In the first quarter this year, the total industrial added value of large industrial enterprises amounts to 50.54 billion yuan, increased by 7.1% over the same period of last year, calculated by comparable price. The growth rate is 4.3 points above the same period of the previous year. Of the total, the added output of the equipment manufacturing industry amounts to 18.78 billion yuan, increased by 9.7%. It accounts for 37.2% of the total industrial output of Ningbo, contributing 49.3% to the total output of industries.

In the first quarter of this year, the total industrial added value of large industrial enterprises amounts to 269.38 billion yuan, increased by 7.1% over the precious year. The ratio of the production and the sales amounts to 97.1%, 1.4 points higher on the yearly base. The output value of exports reaches 61.54 billion yuan, increased by 4.6%, and 15.6 points above the same period of the previous year. The output of new products reaches 54.82 billion yuan, increased by 15.7%, 10.1 points higher than the growth rate of the industrial gross output. The output value of new products reaches 19.8% of the total, 1.7 points higher on the yearly base.

In the first quarter of this year, the profit tax of large industrial enterprises amounts to 26.69 billion yuan, increased by 22.7% over the precious year. The total profit tax reaches 11.73 billion yuan, increased by 39.1%(in 2012, the two figures were respectively 27.7% and 46.7% smaller on the yearly base). The financial loses of large industrial enterprises drop by 9.2% on the yearly base. The energy consumption of added value of industrial output of large enterprises dropped by 3.5%% over the same period of last year.

3, The service industries maintain stable and tend to increase and the market of consumer goods keeps a slight increase.

In the first quarter of this year, the added value of the service industries increases by 8.6% year on year, 15.6 points higher year on year, being the fastest of the third industries. It covers 42.3% of the regional GDP, 0.7 points higher on the yearly base.

In the first quarter of this year, the added value of traffic industry reaches 6.86 billion yuan, increased by 6.0% over the precious year, and 3.3 points higher than the same period of the last year. The cargo-handling capacity of the port of Ningbo mounts to 115 million tons, increased by 8.9%, and 3.9 points above the same period of the previous year. The port handles 4.037 million TEUs, increased by 9.3%.

In the first quarter of this year, the total retail sales of consumer goods reaches 58.49 billion yuan, increased by 11.8% over the precious year, with the growth rate 2.6 points lower year on year. Of the total, the total value of the retail sales in urban areas is 49.21 billion yuan, increased by 11.1%. The total value of the retail sales in rural areas is 9.28 billion yuan, increased by 16.2%. The situation of the hotel and catering industries differs from one another. In the first three month, the turnover of the four-star and above hotels drops by 18.9%, 12.5 points lower than the average growth rate of the general hotels and restaurants. However, the farmers' inns turn prosperous. Statistics show that the turnover of general individual catering businesses reaches 520 million yuan, increased by 25.7%.

4, Investment in fixed assets grows quite fast and the turnover of the real property market notably recovers.

In the first quarter of this year, the investment in the fixed assets reaches 71.62 billion yuan, increased by 21.9% over the precious year, 0.3 points higher year on year. Of the total, the private investment amounts to 36.89 billion yuan, increased by 37.3%. The investment in the first industry amounts to 310 million yuan, increased by 177.8%. The investment in the secondary industry reaches 22.03 billion yuan, increased by 44.3%. The total investment in the tertiary industry reaches 49.28 billion yuan, increased by 13.5%. The investment in industries reaches 21.8 billion yuan, increased by 43.3% over the precious year. This figure accounts for 30.4% of the total investment in fixed assents, 4.6 points higher on the yearly base. The investment in real estate reaches 25.94 billion yuan, increased by 33.2%.

In the first quarter of this year, the transaction volume of commercial houses reaches 1.548 million square meters, rising from -44.4% to 131.7% year on year. The transaction of second-hand houses in urban areas totals 1.184 square meters, increased by 516.9% year on year.

5, Foreign trade witnesses a slow growth and the investment invitation makes substantial progress.

In the first quarter of this year, the import and export total 22.77 billion US dollars, increased by 2.4% over the same period of last year. Of the total, the export reaches 14.23 billion US dollar, increased by 7.1%, 0.5 and 2.3 points higher year on year. The import is 8.55 billion US dollars, dropped by 4.6% over the same period of last year with the growth rate 2.5 points lower year on year.

In the first quarter of this year, the contract foreign capital amounts to 1.33 billion US dollars, increased by 15.8% over the same period of last year. The actual utilized foreign capital amounts to 940 million US dollars, increased by 24.0%, with the growth rates 13.9 and 15.1 points higher than the same period of the last year. Great progress is made in investment invitation in the manufacturing industries. The contract foreign investment and the actual utilized foreign capital increase by 24.8% and 72.4% respectively. In the three months, the city introduced 634 internal cooperative projects, with fully funded investment reaching 15.99 billion yuan, increased by 22.3%. Of the total, the fully funded investment by Zhejiang investors reaches 71.6 billion yuan, increased by 27.8%.

6, Financial revenue and expenditure growth maintains stable and financial support is secured.

In the first quarter of this year, the general budgeted revenue of Ningbo reaches 48.43 billion yuan, increased by 5.7% over the same period of last year, with the growth rate 1.8 points lower year on year. Of the total, the general budgeted revenue reaches 25.49 million yuan, increased by 8.7%, with the growth rate 3.4 points lower year on year. Of the local tax collected, the business tax, the value added tax, the income tax of enterprises, and personal income-tax increase by 17.4%, 22.0%, 1.5% and 11.1% respectively on the yearly base. The public budget expenditure reaches 18.44 billion yuan, increased by 2.5%, with the growth rate 27.2 points lower year on year. Of the total, the expenditure reaches 12.52 billion yuan, increased by 8.3%, and covering 67.9% of the public budget expenditure, 3.6 points higher on the yearly base. The expenditure on the general public services and government affairs amounts to 2.41 billion yuan, dropped by 1.9% over the same period of last year and 4.4 points lower than the public budget expenditure.

By the end of March, The balance of loans of RMB and foreign currencies amounts to 1,250 billion yuan, increased by 12.7% over the same period of last year and 0.4 points higher than the average of Zhejiang. The new loans reaches 47.5 billion yuan, ranking No.1 in Zhejiang. In March, the new loans amounts to 20.4 billion yuan, a historical new high. By the end of March, the balance of local and foreign currencies by the banks and financial institutions in the city reaches 1,270 billion yuan, increased by 15.5% over the same period of last year and 3.1 points higher than the same period in the previous year.

7, The increase of the income of urban and rural citizens goes steady and the farmers' income increase grows faster.

In the first quarter of this year, the urban per capita disposable income rose to 13,537 yuan, increased by 10.0% over the same period of last year and in real terms, the income rises by 7.9%. Of the increase, the per capital wage income reaches 8,390 yuan, covering 58.7% of the total income. The per capita net operational income reaches 2,581 yuan, covering 18.0% of the total. The per capita property income reaches 1,087 yuan, covering 7.6% of the total. The per capita transfer-payment income reaches 2,246 yuan, covering 15.7% of the total. The per capital cash income of the rural residents reaches 7,379 yuan, increased by 10.5% over the same period of last year. In real terms, the income rises by 8.4%.

8, The CIP increases moderately and the monthly PPI recovers.

In the first quarter of this year, the consumer price index increases by 2% against the same period of the proceeding year, 0.3 points higher than the average of the previous year but 0.5 points lower than the same period of the previous year. In this respect, Ningbo (and Nanning) is the 29th of the 36 large and middle-sized cities of the country. Out of the 8 categories of consumer goods, seven categories are on the rise and 1 at the fall. The prices for clothes rise by 4.5%, the highest of all. The price for housing rises by 4.0%. The price for food rises by 1.1% (8.9 points lower year on year). The prices on traffic and communications drop by 0.1% year on year. In March, the consumer price index increases by 1.8% against the same period of the proceeding year, 1.7 points lower than February.

In the first quarter of this year, the producer's price for manufactured products reduces by 2.80% against the same period in the previous year, but 1.5 points lower year on year. Despite the year on year drop, the producer's price for manufactured products keeps increasing from January to March, increased by 0.06%, 0.13% and 0.09% respectively. The purchasing price for raw materials reduces by 3.98% against the same period in the previous year, 4.2 points lower year on year. That is, the purchasing price of raw materials drops faster than the producer's price for manufactured products.

 

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