Economy

2016-06-06
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In 2015, the world economy was still undergoing profound adjustment while China experienced three period superimposed which simultaneously deals with the slowdown in economic growth, makes difficult structural adjustments, and absorbs the effects of previous economic stimulus policies. Despite mounting downward pressure on its economy and a number of challenges, the CPC Yueyang Municipal Committee and the Yueyang Municipal People's Government spared no effort to build Yueyang into a famous lake city which is striving to be a new "growth pole" for the development of Hunan and suitable for living, people's career development and sightseeing. Endeavors have been also made to earnestly implement "621" Action (Six strategies, 20 major projects and 100 items), and thoroughly carry out "Three Measures". Yueyang achieved a stable performance in 2015 while at the same time securing progress in its economic development.

I. General Outlook
By the end of 2015, the total population in the city reached 5.6292 million, an increase of 34,100 over that at the end of 2014. Of this total, urban permanent residents numbered 3.0402 million, accounting for 54.0%. The year 2015 saw 76,300 births, or a birth rate of 13.6 per thousand, and 38,400 deaths, or a death rate of 6.84 per thousand. The natural growth rate was 6.76 per thousand. 

Table 1ííPopulation and Its Composition at the end of 2015

Item

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

Proportion (%)

Permanent residents

562.92

100.0

Of which: Urban

304.02

54.01

Rural

258.9

45.99

Of which: Male

291.65

51.81

Female

271.27

48.19


The national economy maintained stable growth. According to the preliminary calculation, the gross domestic product of the year was 288.628 billion yuan, up by 8.7% over the previous year. Of this total, the value added of the primary industry was 31.716 billion yuan, up by 3.9%, that of the secondary industry was 14.4683 billion yuan, up by 7.8% and the tertiary industry was 112.229 billion yuan, up by 11.6%. The value added of the primary industry accounted for 11.0% of the GDP, that of the secondary industry accounted for 50.1%, and that of the tertiary industry accounted for 38.9%. 

Figure 1: GDP and the Growth Rates, 2011-2015

  

The newly increased employed people in urban areas numbered 55,500 in 2015. The urban unemployment rate registered was 2.8% at the end of the year. A total of 29,000 unemployed workers re-employed in the year. There is a slight increase in the consumer prices. The consumer prices in 2015 went up by 1.7% over the previous year. Of this total, the prices for food went up by 2.9%, the prices for commodity retail down by 0.2% and the prices for investment in fixed assets increased by 0.4%. The producer prices for manufactured goods declined by 3.7%. 

Figure 2:  Monthly Changes in Consumer Prices in 2015


Table 2: General Level of Consumer Prices in 2015

Unit: %

Item

M-O-M

Y-O-Y

Cumulative Ratio

General level of consumer prices

100.1

100.1

101.7

Of Which: Food

100.4

100.7

102.9

Tobacco, liquor and articles

99.9

101.6

100.1

Clothing

100.1

100.4

101.2

Household appliances and maintaining services

100.7

100.3

101.0

Medical, health and personal articles

100.2

102.6

101.7

Transportation and telecommunications

99.6

97.9

97.7

Recreation, education, culture articles and services

100.0

99.7

100.5

Housing

99.9

98.7

103.2

The fiscal revenue grew steadily in 2015. The cityí»s total public revenue reached 30.282 billion yuan, an increase of 4.648 billion yuan or up by 18.1% over that in the previous year. Of this total, the taxes collected in the whole year reached 23.446 billion yuan, up by 22.9% or an increase of 4.366 billion yuan over 2014. The local total public budget revenue hit 12.802 billion yuan, a growth of 628 million yuan or up by 5.2%. Of the total, the taxes collected in the whole year amounted to 6.139 billion yuan, a rise of 361 million yuan or up by 6.2%.

Figure 3: Public Revenue and the Growth Rates, 2011-2015


 
Chinese source: yueyang.gov.cn
Updated on June. 14, 2016