Introduction to The Operation of Nanning’s Economy (January - July, 2016)

Date:2016-08-29

[Finance] Fiscal revenue maintained a double-digit growth, but expenditure growth rate dropped sharply. From January to July, the city’s fiscal revenue stood at 38.12 billion yuan, with a year-on-year growth of 11.1%, 0.42 percent higher than that of the first half of the year. From January to July, the city’s eight fiscal expenditures rose 14.96%, 1.09 percent less compared with that of the first half of the year.

[Industry] The industrial production continued to rise again. From January to July, the output value of industrial enterprises above designated size in Nanning achieved 189.15 billion yuan, with a year-on-year growth of 6.91%, 0.4 percent faster than that of the first half of the year. These enterprises added value 55.38 billion yuan, with a year-on-year growth of 4.9%.

[Investment] Investment growth has been speeded up. From January to July, the city's investment in fixed assets reached 184.54 billion yuan, with a year-on-year growth of 13.17%. At the same period, the city's industrial investment was 48.07 billion yuan, with a year-on-year growth of 6.51%.

[Consumption] Consumer market above designated size of Nanning grew steadily. From January to July, the city's wholesaling business above designated size made its commodity sales volume reach 113.44 billion yuan, with a year-on-year growth of 5.68%, while retail business above designated size achieved sales volume of 40.20 billion yuan, with a year-on-year growth of 9.85%.

[Price] The price rose gently. From January to July, the city’s average consumption price rose1.6% compared with that of the same period last year.

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