Economy

2021-04-25
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In 2020, the CPC Yueyang Municipal Committee and the Yueyang Municipal People's Government earnestly implemented the decisions and deployment of the CPC Central Committee, the State Council, and the Hunan Provincial Committee and Hunan Provincial People¡¯s Government, and completed the tasks of assuring stability on six fronts and security in six areas. Six fronts are employment; the financial sector; foreign trade; foreign investment, domestic investment, and expectations. Six areas are job security, basic living needs, operations of market entities, food and energy, stable industrial and supply chains, and the normal functioning of primary-level governments. Remarkable achievements have been made in coordinating epidemic prevention and control and economic development. The plan of ¡°three zones and one center¡± has been carried out orderly. The economy of Yueyang shows a good momentum of development with stable growth rate, stronger impetus, and higher quality. 

Statistics shows that, Yueyang¡¯s regional GDP was 400.155 billion yuan in 2020, ranking 2nd in Hunan. The year-on-year growth rate was 4.2%, respectively 1.9 and 0.4 percentage points higher than the national and provincial average. The added value of the primary industry increased by 3.8% to 45.991 billion yuan; that of the secondary industry grew by 5% to 162.225 billion yuan; and, that of the tertiary industry was 191.939 billion yuan, up 3.7%. The proportions of primary, secondary, and tertiary industries were 11.5:40.5:48.0.

The total retail sales of consumer goods reduced by 2.3% over last year to 157.401 billion yuan. Among which, the retail sales in urban areas shrank by 2.5% to 136.001 billion yuan; and, that in rural areas down by 1% to 21.4 billion yuan. The service industrial enterprises over designated size made a total revenue of 29.711 billion yuan, up 8.3% over last year, and business profit of 4.166 billion yuan, up 21%.

The import and export value reached 41.984 billion yuan, rising by 27.2% year on year. The export value was 18.508 billion yuan, down by 3.4%; and, the import value was 23.477 billion yuan, up 69.7%, making a trade surplus of 4.969 billion yuan.

Port economy saw a sharp growth. The Chenglingji Port handled 508,700 TEUs in 2020, increasing by 0.4%; 4,800 imported automobiles; 2.71 million tons of imported grain; and, 110,000 tons of imported meat.  

The general public budget revenue was 33.354 billion yuan, down by 1.5% compared with last year. The tax revenue was 27.489 billion yuan, decreasing by 2.9%. The local general public budget revenue reached 15.273 billion yuan, increasing by 1.7%. The tax revenue was 9.555 billion yuan, shrinking by 0.6%.

Source: Statistical Communiqu¨¦ on Yueyang¡¯s Economic and Social Development in 2020