2013 Nanning Economic Operation

Date:2014-12-11

On the morning of January 26th, 2014, the Statistics Bureau of Nanning and Nanning Survey Team of the National Bureau of Statistics published 2013 Nanning economic operation situation. In 2013, Nanning’s GDP grew by 10.3% on a year-on-year basis; the major economic indicators including GDP, fiscal income, industrial production, fixed asset investment, and the total retail sales of social consumer goods all saw a two digit growth; and the economic operation generally maintained a steady tendency.

Economy Growing Steadily, GDP Rising by 10.3% and Above National Average

Through the ups and downs of the figures of the whole year of 2013, it is not difficult for us to see that in 2013, Nanning’s economic development presented a good momentum of progress while stable. According to a preliminary calculation, Nanning’s GDP in 2013 reached 280.354 billion yuan, and calculated at comparable prices, the rise was 10.3% on a year-on-year basis, 2.6 percentage points higher than that of China and 0.1 percentage points higher than that of Guangxi. The proportion of the three industries in the economy was changed from 12.90 : 38.38 : 48.72 in 2013 to 12.48 : 39.62 : 47.90 now, thus further optimizing the economic structure of Nanning.

For the industrial sector which plays a main role in economy, in 2013 the industrial production value by 968 enterprises above the designated scale in Nanning was 255.475 billion yuan, a rise of 20.63%.

Last year’s key note of economic operation is “restructuring and improving quality”. Mr. Hong Ben, vice-director of the Statistics Bureau of Nanning expressed that there were three remarkable features in industry. The first feature was that Nanning’s five major industries: agricultural and sideline products processing industry, computer and communications electronics, chemical materials, non-metallic manufacturing industry, and paper-making industry continued to maintain a fast growth, accounting for 47% of Nanning’s total output value.

The second was in the previous years, the economic growth depended mainly on external growth, that is, expansion of production and increase of some production lines, but in the last year, the growth of the industrial enterprises was based on mainly internal growth by restructuring. Nanning’s economy in the year kept a fast growth rate while restructuring.

The third feature was the effect of the reversed transmission mechanism of energy-saving and reduction of emission was quite obvious. For instance, there had been a lot of starch plants in Wuming County, but the number was reduced at the end of 2013; there were a lot of small paper-making factories, and small tanneries in Binyang County, but now they are all closed. As a result, by controlling some enterprises of high energy consumption and pollution and restructuring of the industries and production capacity, the whole industrial level is optimized.

More Money in the “Purse” and Per Capita Urban Disposable Income Reaching 25,000 yuan

In the meantime, the urban and rural residents’ income keeps a steady growth and more and more citizens’ “purses” are expanding. In the past year, the urban residents’ per capita disposable income of Nanning was 24,817 yuan, ranking first among the 14 prefecture-level cities in Guangxi. The income was 2,256 yuan more than that of 2012, an increase by 10.00%, and the increase ranked fourth among 14 cities of Guangxi, an actual growth of 7.7% after deducting the price increase. Qingxiu District ranked highest in the urban residents’ per capita disposable income, amounting to 31,492 yuan, and Jiangnan District saw the fastest growth rate, up by 10.8% on a year-on-year basis.

The statistics shows that in 2013, the rural residents’ per capita disposable income of Nanning was 7,685 yuan, ranking seventh among the 14 prefecture-level cities in Guangxi; the income was 908 yuan more than that of 2012, an increase by 13.40%, and the actual growth was 10.7% after deducting the price increase. Wuming ranked highest in the rural residents’ per capita disposable income, amounting to 9,042 yuan, and Xingning District saw the fastest growth rate, up by 14% on a year-on-year basis.

In terms of CPI which the citizens are concerned, Nanning’s CPI rose moderately in 2013, an increase of 2.1% and 0.8 percentage less than that of 2012’s 2.9%, and generally speaking, the price rise showed a tendency of low in the middle while high at both ends. The CPI was 0.6 percentage points lower than that of the national average and ranked 35th together with Harbin among 36 large and medium cities in China; and the CPI was 0.1 percentage points lower than that of Guangxi’s average, ranking 7th together with Qinzhou City among 14 prefecture-level cities in Guangxi.

As for the house prices, the housing sales price was rising stably. The statistics showed that in 2013, Nanning’s new commercial housing price kept rising for 11 consecutive months. In December, 2013, of 70 large and medium cities in China, the rise of Nanning’s new commercial housing price ranked 26th among 65 housing-price-rising cities in China on a month-on-month basis and ranked 26th among 69 housing-price-rising cities in China on a year-on-year basis. Among 70 large and medium cities in China, the rise of the second-hand housing price of Nanning ranked 36th and 11th respectively on a month-on-month basis and a year-on-year basis.

Growth Rate Running Fast and Fixed Assets Investment Amounting to 247.5 Billion yuan

In investment and consumption, in 2014, Nanning’s fixed assets investment reached 247.501 billion yuan, a rise by 23.40%, and the total retail sales of social consumer goods of Nanning amounted to 145.084 billion yuan, a rise by 14.01%, with rural residents’ consumption growth faster than that of the urban residents. The pulling effect of the seven categories of commodities was strong. The total retail sales of traditional Chinese and western medicines, gold and silver and jewelry, cereals and edible oils and foodstuffs, furniture, cosmetics, oil and products, and automobiles was 46.065 billion yuan, up by 25.2%, pushing up the retail sales of consumer goods above the limited amount by 17.4 percentage points.

“The main force for the fixed assets investment growth in Nanning still lies in the infrastructure construction, in which the private investment acts the main part”, said Mr. Hong Ben. In 2013 the proportion of investment in infrastructure construction of Nanning accounted for 44.84% of the social fixed assets investment. Of the total investment, the private investment was the main part, taking up 61.12% and pushing up the investment growth by 17.68 percentage points. It can be seen that in the past the state investment was the leading part, but the change in 2013 was very obvious, in which the private investment was the main part.

In the meanwhile, the readjustment of real estate was quite obvious, and the investment in the residence of over 144 square meters, and villas and high-grade apartments was declining remarkably, decreasing by 32.88% and 32.01% respectively. The feature also found in the sales, and in 2013, the sales area of the residence of over 144 square meters fell by 9.27%.

“In 2013, there exists another remarkable feature: thrift becomes the trend in the whole society”. The sales volume of the large restaurants was reduced by 6.3% on year-on-year basis. To the whole consumption market, the medium and lower-level consumption, and the consumption of the common people was the main trend. As affected by these factors, the growth rate of the sales of tobacco and wines was reduced by 7.7 percentage points on year-on-year basis.

 

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