Economy

2018-07-15
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General Outlook
In 2017, the CPC Yueyang Municipal Committee and the Yueyang Municipal People's Government earnestly implemented the decisions and deployment of Hunan Provincial Committee and Hunan Provincial People¡¯s Government, and successfully completed the work tasks. Yueyang's economic and social development was stable, which was gradually shifting from high-speed growth phase to high-quality development phase. Yueyang has seen a sound situation of steady progress and advancement.

General Outlook
By the end of 2017, the total population in Yueyang reached 5.7333 million, an increase of 52,200 over that of 2016. Of the total, urban permanent residents numbered 3.2798 million, accounting for 57.21%. The year 2017 saw 74,200 births, a birth rate of 12.91 per thousand, and 35,000 deaths, or a death rate of 6.1 per thousand. The natural growth rate was 6.81 per thousand.

Table 1 Population and Its Composition at the End of 2017

Item

Population(Year-end figure) (10,000 persons)

Proportion (%)

Permanent residents

573.33

100.0

Of which: Urban

327.98

57.21

Rural

245.35

42.79

Of which: Male

297.03

51.81

Female

276.30

48.19


The income of urban and rural residents continues to rise. In 2017, the city's annual per capita disposable income of urban households was 30,009 yuan, up by 8.9% over the previous year. During the same year, the city's annual per capita disposable income of rural households was 14,265 yuan, up by 8.7% over the previous year. The per capita consumption expenditure in Yueyang has achieved 17,229 yuan, a year-on-year rise of 8.2%. The per capita consumption expenditure of urban households and that of rural households stood at 20,808 yuan and 13,033 yuan, up by 7.5% and 8.2% over the previous year respectively.

A total of 4.9209 million people participated in the basic medical insurance program for urban and rural residents, including 629,600 people in basic health insurance program for staff and workers. A total of 381,400 people participated in unemployment insurance programs. By the end of 2017, the number of people receiving unemployment insurance payment stood at 44,600. A total of 77,1600 people participated in work accident insurance.

The national economy maintained stable growth. According to the preliminary calculation, the gross domestic product of the year was 325.803 billion yuan, ranking the second place in the whole province, up by 7.0% over the previous year and 0.1% higher than national average level. Of the total, the value added of the primary industry was 36.235 billion yuan, up by 3.6%, that of the secondary industry was 14.2493 billion yuan, up by 5.3% and the tertiary industry was 147.075 billion yuan, up by 10.1%. The value added of the primary industry accounted for 11.1% of the GDP, that of the secondary industry accounted for 43.8%, and that of the tertiary industry accounted for 45.1%. The industrial structure ratio of the city¡¯s primary, secondary and tertiary industries has been adjusted to 11.1:43.8:45.1, and the industrial structure has been transformed into tertiary industry-secondary industry-primary industry for the first time. The service industry has become the new leading force of Yueyang's economy.


The newly increased employed people in urban areas numbered 54,900 in 2017. The urban unemployment rate registered was 3.48% at the end of the year. A total of 27,800 unemployed workers re-employed in the year.

There is a slight increase in the consumer prices level. The consumer price index (CPI) in 2017 went up by 1.3% over the previous year. Of the total, the price index for retail commodities up by 0.7% and the producer price index (PPI) for manufactured goods increased by 1.8%.


Table 2: Consumer Prices Index in 2017

Unit: %

Index

M-O-M

Y-O-Y

Cumulative Ratio

General level of consumer prices

100.2

100.5

101.3

Of which: Food, Tobacco, liquor and articles

100.4

99.6

98.7

Clothing

100.4

100.1

100.7

Housing

100.4

101.8

101.3

Household appliances and services

99.9

100.2

100.7

Transportation and telecommunications

100.4

102.2

102.6

Recreation, education, culture articles and services

100.0

100.1

100.8

Healthcare

100.0

100.1

111.6

Other appliances and services

 99.6

99.8

99.9

The fiscal revenue grew steadily in 2017. The city¡¯s total public revenue reached 31.809 billion yuan, a decrease of 1.266 billion yuan or down by 3.8% over that in the previous year. Of the total, the taxes collected in the whole year reached 24.344 billion yuan, down by 1.5% or a decrease of 381 million yuan over 2016. The local total public budget revenue hit 15.214 billion yuan, a growth of 10 million yuan or up by 0.1%. Of the total, the taxes collected in the whole year amounted to 7.894 billion yuan, a rise of 865 million yuan or up by 12.3%.


Translator£º Zhan Ping

Chinese source: yueyang.gov.cn

Updated on July. 15, 2018