Source: Yiwu sourcing agent Author: Helan Date: 2008-08-10
GDP of the first quarter reached 10.964 billion yuan, a rise of 14.1 percent year-on-year. According to the latest information from the municipal bureau of statistics, the first half of this year saw an overall good momentum in Yiwu' s economic development. The primaryindustryand the tertiary industry developed rapidly, the fiscal and finance systems functioned well, price of consumables became stable at the high level, and the income of residents went up steadily.
However, some disadvantageous factors could also be observed in this stability, which were mainlyreflected in the distinctive fall of economic growth in the first half of this year, especiallyin the industrial production and foreign trade export.
Growth speed of industrial production slowed down while EUoriented export grew Due to the negative factors including international financial recession, decline of consumptive needs, revaluation of RMB, and cost rise in production and operation , Yiwu saw a noticeable export fall and a continuous slowing down in the growth of industrial production . According to statistics , Yiwu scale-above enterprises achieved a total output value of 21.44 billion yuan, and scale-below enterprises achieved 20.203 billion yuan, which added up to 41.65 billion yuan in total, a rise of 7.8 percent year-on-year.
Statistics show that in the January-May period, the total self-operated import and export volume increased by 14.3 percent
to $753 million, in which the export volume took $682 million, up 12.4 percent against the same period of last year . As
for export destinations, export to EU maintained a rapid growth, up 32.3 percent, while export to U.S. speed down to 5.1 percent in the growth rate.
Agricultural production showed a good momentum and farmers' gains increased The frostyand snowy weather at the beginning of this year had a great adverse impact on Yiwu's agriculture, but the agricultural production remained in a good situation,
owing to the immediate implementation of post-disaster reconstruction measures and agriculture support policies. According to statistics, the output value of farming, forestry, animal husband ryand fisheryrose by 24.2 percent to 720 million yuan, with an actual growth rate of 6.9 percent after adjusting for price changes.
On the basis of the efforts to stabilize last year's support policies, the city government continued to payclose attention
to problems in rural development and food problems, improved subsidies, and broadened the subsidyrange, which, along with the
surging price of food from the second half of last year, resulted in the remarkable increase of income
in crop growing .
Service industry developed rapidly and stably and market price index reached an all-time high In the first half of this year, Yiwu's travel industry, real estate sales industry, and exhibition industryshowed a sound development situation, realizing 2.29 billion yuan of revenue, a rise of 39.4 percent year-on-year. Because of the Olympic Games this year, national flags and courtesy ribbons sold better than before.
The statistics show that the business volume of small commodities market reached 14.59 billion yuan, up 9 percent over the
same period of last year, a same growth rate as that of last year.
Market confidence index went up after dropping, while the market price index reached an all-time high. Income of residents maintained a relatively rapid growth In the first six months, the average per capita disposable income of Yiwu urban residents increased by16 .5 percent to 15,447 yuan, which is 5.9 percentage points higher than the average level of the province. And the average per capita cash income of rural residents rose by 16.2 percent to 6 ,929 yuan. Salary income and property income increased fastest, accounting for 27.8 percent and 39.4 percent of the total respectively.
Increased income led to more vigorous consumption. The social retail sales of consumer goods totaled 9.62 billion yuan in the
first six months, up 18.8 percent over last year's same period, a growth rate 2 percentage points higher than that of last year . After adjusting for price changes, the actual growth rate was 7.1 percent . In the different consumption categories ,
the wholesale retail sales increased by 21 percent, the retail sales of retail trade and of the accommodation and catering industry increased by 17.4 percent and 19 percent respectively.
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