Chinese economyresearch report

Financial operation report of Jiangsu Province From People’s Bank of China

The following is the Financial operation report of Jiangsu Province From People’s Bank of China recommended by recordtrend.com. And this article belongs to the classification: Chinese economy, research report.

In 2020, the province’s regional GDP will rise to a historic level of 10 trillion yuan, laying a solid foundation for opening a new journey of building socialist modernization in an all-round way. The economy recovered steadily and its comprehensive strength jumped significantly.

First, economic growth has increased steadily, and regional development is advancing in coordination. In the first quarter, the first half of the year, the first three quarters and the whole year, the regional GDP increased by – 5.0%, 0.9%, 2.5% and 3.7% respectively year-on-year, showing a steady recovery trend. The GDP of 13 cities divided into districts in the province reached more than 300 billion yuan, and all of them were shortlisted as the top 100 cities in China.

Second, industrial production rebounded rapidly, and the advanced manufacturing industry grew well. In the whole year, the added value of industries above Designated Size in the province increased by 6.1% over the previous year. Among them, the added value of high-tech industry and equipment manufacturing industry increased by 10.3% and 8.9% respectively over the previous year; Strategic emerging industries accounted for 37.8% of the industrial output value above Designated Size, an increase of 5 percentage points year-on-year; The output value of high-tech industries accounted for 46.5% of industries above Designated Size, an increase of 2.1 percentage points year-on-year.

Third, the recovery of the service industry was accelerated, and the modern service industry grew rapidly. Throughout the year, the added value of the tertiary industry in the province increased by 3.8% over the previous year, and the added value of the tertiary industry accounted for 52.5% of the regional GDP, an increase of 1.0 percentage points over the previous year. Among them, the added value of information transmission, software, information technology services and finance increased by 15.5% and 7.7% respectively. R & D expenses of service enterprises above designated size increased by 28.9% year-on-year, and industrial transformation and upgrading continued to advance.

Fourth, fixed asset investment picked up steadily, and the construction of major projects was vigorously promoted. Throughout the year, the province’s fixed asset investment increased by 0.3% year-on-year. Among them, infrastructure investment increased by 9.4%, and high-tech industry investment increased by 8.4%. There are 2157 projects with a total planned investment of more than 1 billion yuan, an increase of 447 over the previous year, and the completed investment in the current year increased by 23.2%.

Fifth, the consumer goods market has gradually stabilized, and new consumption modes such as online consumption and “contactless distribution” have developed rapidly. In the whole year, the total retail sales of social consumer goods in the province decreased by 1.6% year-on-year. In the fourth quarter, the total retail sales of social consumer goods increased by 7.4% year-on-year, 2.6 percentage points faster than that in the third quarter. Online retail sales increased by 10.0% year-on-year, of which the online retail sales of physical goods reached 923.26 billion yuan, an increase of 13.9%.

Sixth, foreign trade has achieved positive growth and the trade structure has been continuously optimized. Throughout the year, the province’s total import and export of goods reached 4450.05 billion yuan, an increase of 2.6% over the previous year. Among them, exports increased by 0.9% and imports increased by 5.5%. The import and export of general trade increased by 6.2%, accounting for 53.4% of the total import and export of the province, an increase of 1.8 percentage points over the previous year.

Seventh, fiscal revenue grew steadily and people’s livelihood was strengthened. Throughout the year, the province achieved a local general public budget revenue of 905.9 billion yuan, a year-on-year increase of 2.9%, an increase of 0.9 percentage points over the previous year. The general public budget expenditure was 1368.25 billion yuan, an increase of 8.8%, an increase of 1 percentage point over the previous year; Among them, the expenditure on housing security, social security, employment and health increased by 30.6%, 25.9% and 11.4% respectively year-on-year.

Eighth, the overall price level is stable and the employment situation remains stable. In the whole year, the consumer price of the whole province increased by 2.5% over the previous year, and the increase narrowed by 0.6 percentage points over the previous year. The ex factory price of industrial producers decreased by 2.2% year-on-year, an increase of 1 percentage point over the previous year. By the end of 2020, the registered urban unemployment rate in the province was 3.2%.

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