Home   >   LATEST NEWS >   Content

Yunnan GDP growth hits 9.5%

Updated:2017-08-02 10:45:44   China·Yunnan

According to the Provincial Bureau of Statistics, Yunnan’s total gross domestic product (GDP) totaled 644.781 billion yuan in the first half of the year. This is up by 9.5 percent year on year and is 2.6 percentage points higher than China’s national average.

Industrial growth continued to accelerate. In the first half of this year, the industrial added value above designated scale grew by 9.9 percent, up 8.4 over the same period of last year, and three percentage points higher than the national average. Such growth ranks fifth in China.

Overall investment remained steady and was characterized by rapid growth. In the first half of year, Yunnan’s investment in fixed assets stood at 744.492 billion yuan, up 16 percent year on year. The growth rate is 7.4 percentage points higher than the national average, ranking fourth in China.

  

  Provincial growth data 

The import and export sectors also saw rapid growth. In the first half of the year, Yunnan’s total foreign trade totaled 63.13 billion yuan, an increase of 10.4 percent over the first half of 2016.

Fiscal revenue grew quickly, while overall spending decreased. The province’s local public budget revenue was 92.813 billion yuan, up 11 percent year on year. The growth rate increased by 0.8 percentage points over the first quarter, and the province’s local public budget expenditure reached 293.259 billion.

Officials at the Yunnan Provincial Bureau of Statistics believe that the province’s economy is expected to see steady progress with a gradually optimized economic structure and reasonable economic indicators. (Hu Xiaorong)

Editor: Eric Wang
 

Keywords:   Yunnan growth GDP