In the morning of July 22, the Deyang Economic Performance Press Conference for the First Half Year of 2020 revealed that in the first half-year, main economic indicators of Deyang showed a pick-up, with economic performance improved, restoration of market players accelerated and the economy and the society developed steadily. According to the unified GDP accounting of municipality (prefecture) by Sichuan Provincial Bureau of Statistics, in the first half of this year, Deyang's GDP reached RMB108.782 billion. In particular, the added-values of the primary, the second and the third industries were respectively RMB9.004 billion, RMB53.085 billion and RMB46.693 billion.
Agricultural production is optimistic. In the first half of this year, the crop sown area for late-autumn (summer) grains was 1,338,000 mu (approximately 892 km2) with a total production of 437,000t, enjoying a YoY increase of 0.7%. The production of vegetables and edible mushrooms is estimated to be 1,020,000t, with a YoY increase of 4.7%; the total number of sold live pigs citywide was 934,000, with a YoY decrease of 25.3% (narrowed by 16.9% compared with that of Q1); the total fishery production was 32,000t, with a YoY increase of 1.5% and a rise of 16.6% compared with that of Q1.
Industrial production recovered rapidly. In the first half of this year, the industrial added-value of enterprises above designated size had a YoY decrease of 2.2% (narrowed by 7.3% compared with that of Q1); the YoY increase in June was 4.6%. Regarding performance of industrial enterprises, from January to May, industrial enterprises above designated size in Deyang realized a total operating revenue of RMB111.96 billion, with total pre-tax profits of RMB8.01 billion and total profits of RMB4.93 billion.
The service industry recovered gradually. In the first half of this year, the third-industry added value of Deyang had a YoY decrease of 0.2% and a rise of 5.4% compared with that of Q1. In particular, the added value of transportation, warehousing and mail business increased by 2.4%; the accommodation and catering sector decreased by 25.9%; the financial sector increased by 4.5%; the real estate sector increased by 3.6% and other service sectors increased by 1.3%.
Investment in fixed assets bounced back rapidly. In the first half of this year, the total investment in fixed assets in Deyang had a YoY decrease of 2.1% (narrowed by 12.8% compared with that of Q1). By industry, the investment in the primary and third industries had a YoY increase of 5.2% and 2.1% respectively, while that in the second industry had a YoY decrease of 9.1%.
The consumer market recovered gradually. In the first half of this year, the total retail sales of consumer goods of Deyang reached RMB39.99 billion. By marketing location, the total retail sales of consumer goods in urban areas and rural areas respectively reached RM 26.43 billion and RMB13.56 billion.
The deposit and loan balances of financial institutions in domestic and foreign currencies increased rapidly. By the end of June, the deposit balance in domestic and foreign currencies of financial institutions reached RMB321.37 billion, with a YoY increase of 11.0% and a rise of 1.5% from the end of March; the loan balance of financial institutions in domestic and foreign currencies reached RMB181.27 billion, with a YoY increase of 13.5% and holding the line of the end of March.
The income of urban and rural residents increased faster. In the first half of this year, the per capita disposable income of urban residents was RMB19,485, with a YoY increase of 3.7% (2.7% greater than that in Q1); the per capita disposable income of rural residents was RMB9,128, with a YoY increase of 6.8% (2.2% greater than that in Q1)
Prices continued to fall and employment situation maintained stable. In the first half of this year, Consumer Price Index (CPI) had a YoY increase of 6.7% (decreased by 1.5% compared with that of Q1); the urban registered unemployment rate was 3.55%, decreased by 0.14% compared with that of Q1; 23,000 new urban jobs were created, with a YoY decrease of 3,401.
In sum, in the first half of this year, Deyang gradually overcame the adverse impact of Covid-19 outbreak, with the economy experiencing recovery growth and steady resurgence. However, it must be noted that some indicators are still falling and greater effort is needed to make up the loss caused by Covid-19 outbreak. Currently, the Covid-19 continues to spread around the world and there is still the risk of epidemic rebound in China. Therefore, the economy is still faced with great stress in the process of recovery. Next, we will seriously implement decisions and plans of the Party Central Committee, the State Council, the Provincial Party Committee and the Provincial People's Government and balance epidemic prevention and control with economic and social development; develop economy following objectives and aiming at solving existing problems; focus on key issues, improve weak links and enhance insufficiency to ensure stability in employment, financial operations, foreign trade, foreign investment, domestic investment and expectations, and guarantee security in job, basic living needs, operations of market entities, food and energy security, stable industrial and supply chains, so that each decision and plan will be consolidated and localized, and the economic and social development of Deyang will be recovered in a steady, healthy and orderly manner. (Reporter: Wang Sanchun; Trainee reporters: Liu Qian, Wang Zuyi)
