The economic situation of Kunming City during the first half of year 2005

From the statistic bureau of Kunming

During the first half of year 2005, the national economy of the whole city continued to develop rapidly, steadily and healthily. The gross product value reached RMB 45.212 billion yuan, up 11.5% compared with the same period of last year. The amplitude was 0.3%. Among the total increase, the increased value of primary industry occupied RMB 2.507 billion yuan and increased 3.4%. The secondary industry occupied RMB 21.505 billion yuan and increased 14.4%, while the tertiary industry occupied RMB 21.2 RMB billion yuan and increased 9.7%. The three industries increased fully, so the economy of the whole city could keep staying in a fast-developing level. The characters of the national economy were including followings:

1.      The development of primary industry was in good state.

Since the beginning of this year, the rural economics have kept good developing state although several places were influenced by the natural disaster in different degree. The gross product value of agriculture, forestry industry, stock raising industry, byproduct producing industry and fish culture reached 4.056 RMB billion yuan, up 5.4% compared with last year and amplitude was 0.4% higher than the same period of last year. Among them, the agriculture increased 1.2% while the stock raising increased 10.5%. The output of foodstuff reached 251.9 thousand ton, up 3.1%, the output of fresh flours reached 1.567 billion branches and the meat reached 159.6 thousand ton, up 9.6%. The expenditure on the agriculture from the national finance was increasing all the time. From January to May, the expenditure on the agriculture increased 21.6% compared with last year, which occupied 6.7% of the total financial budget with 1% increase of the proportion.

2. The secondary industry kept rising rapidly.

2.1 The economic benefit and developing speed continued to keep in a rapid state

The increased value of the industry of the whole city still kept high development speed and excellent conjunction of producing and selling although the industry was restricted by the short of energy supply and price-rising of the  fundamental raw and processed materials and energy. During the first half of the year, the industry enterprises of the whole city achieved increased industry value of RMB 17.805 billion yuan, up 12.9% compared with last year. Among them, the state-owned enterprises, together with the non state-owned enterprises which achieved annual sales value of RMB 5 million yuan (which are called industry enterprises above designated size ), achieved increased industry value of 16.676 RMB billion yuan, up 15.5%. Industry enterprises above designated size achieved sales value of RMB 47.182 billion yuan, up 35.5%. The ratio of produce and sell was 99.8%, up 0.9% compared with last year.

The heavy industry developed faster than the light industry. In the first half of year, light industry achieved increased value of RMB 8.153 billion yuan, up 6.6% compared with last year while heavy industry achieved increased value of RMB 8.523 billion yuan, up 25.9%. The latter one had 19.3% ahead of the former one on the increased value. The state-owned economy and the economy invested by the foreign countries, HongKong and Macau developed fastest. During the industry enterprises above designated size, the state-owned and the state-owned stock-holding economy achieved RMB 14.382 billion yuan, up17.6%, which had 2.1% ahead of the average increasing speed of the industry enterprises above designated size. The foreign, HongKong and Macau investment economy achieved RMB 1.310 billion yuan, up 41.4%, which had 25.9% ahead of the average increasing speed of the industry enterprises above designated size. The ten main industry products went up completely. In the first half of year, some products of raw and processed materials and energy increased fully. Among them, several products had the greatest amplitude, including ten colored metal(73.2%), steel products(40.7%), crude steel(24.1%), concrete(21.6%), electricity generation(15.4%), tap water supply(14.0%). The economic efficiency improved step by step. The integrated index of the economic efficiency of the industry enterprises above designated size was 259.84%, up 13.04% compare with last year. Among these enterprises, the index mentioned above of the state-owned and the state-owned stock holding enterprises was 294.71%, up 12.71%. And the total interest and tax produced by these enterprises reached RMB 10.207 billion yuan, up 20.0%. Among them, the total interest was RMB 4.460 billion yuan with 35.4% increase. And the lose produced by the enterprises which lost money in the business reached RMB 593 million yuan, up 4.3%. The scale of loss was 46.10% which decreased 4.82%.

2.2 The investment in the fixed assets increased quickly.

In the first half of the year, the investment in the fixed assets reached RMB 11.914 billion yuan, up 29.6%. Among them, the investment in the real estate industry was RMB 5.436 billion yuan, up 47.1%. The amplitude was 84.4% of the value of last quarter. The gross product value of the architecture industry reached RMB 14.132 billion yuan, up 40.0%. The amplitude ranked the highest level in the recent years. The national economy achieved RMB 7.807 billion yuan, up 13.4%. The collective economy achieved RMB 1.335 billion yuan, up 34.5%. The other economy achieved RMB 4.990 billion yuan, which was 1.2 times of the origin.

3. The tertiary industry began to accelerate.

3.1 The national demand increased steadily

In the first half of year, total retail sales of consumer goods reached RMB 17.613 billion yuan, up 10.9%. If the price factor was eliminated, the real increase was 10.6%. Wholesale and retail trade industry achieved RMB 13.926 billion yuan, up 7.2%. Dinning industry achieved RMB 2.801 billion yuan, up 14.9%. From the view of economy ownership, public ownership began to go up rather than to go down, and the non public ownership began to develop steadily from the rapid developing state. The retail income of public economy reached RMB 2.557 billion yuan, turning into the rising situation of 9% from the dropping state of 27.2% when compared with the same period of last year. The retail income occupied 14.5% of total retail sales of consumer goods. The non public ownership economy achieved RMB 15.056 billion yuan, up 11.2% and its proportion of the total economy was 85.5%, up 0.3%. Private sector economy achieved RMB 10.756 billion yuan, up 12.5% and the proportion was 61.1%. The development of rural market was faster than the urban market. The urban market had a retail income of RMB 15.286 billion yuan with increase by 10.8%. The rural market had RMB 2.327 billion yuan with increase by 11.5%. The amplitude of rural growth was higher than the urban one by 0.7%. The retail income of the 70% of the commodities classified by categories increased compared with last year. In the first half of year, the retail income of the 19-category commodities produced by enterprises above designated size in wholesale and retail trade increased compared to last year with a proportion of 76% and the left 6-category commodities decreased with a proportion of 24%. Among the 19-category commodities, there were 9 categories which increased by 50%, of which there were 6 categories that increased by 100%. According to the selling situation of the main commodities in the first half of this year, we could find four tendencies. First, there was a sound demand for the agricultural capital. Second, the metal material and construction and decoration material were in a great demand with the hot trend of house decoration. Third, the selling market of vehicles was developing steadily. Forth, the furniture and the stationery commodities increased dramatically.

3.2 Total value of exports and imports kept developing strongly

In the first half of the year, total value of exports and imports of the whole city reached 1.616 billion US dollar with increase by 36.7% compared with last year, which occupied 70.4% of the total value of exports and imports of the whole province. The export amount reached 820 million US dollar, up 45% and the import amount reached 796 million US dollar, up 29.1%. The distinctive character during this period was that the enterprises had more successful achievement on the foreign market exploiting. The trade deficit has been changed into trade benefit with a total amount of 23.15 million US dollar. The tendency that the import and export operation began to concentrate to the big enterprises was obvious. The number of the enterprises which had an accumulation of export amount of 10 million US dollar has risen from 9 in last year to 13 in this year. The number of the enterprises which had an accumulation of import amount of 10 million US dollar has risen from 8 in last year to 13 in this year. Asia was still the main import and export destination of Kunming, because it had a proportion of 75% of the total export amount and 33% of the total import amount of the whole city.

3.3 The task of absorbing the investment and attracting the merchants has been strengthened.

During the first half of year, the number of the enterprises invested by foreign capital which were newly approved was 32. The city-owned enterprises and working units utilized foreign investment of 197.33 million US dollar. There were 158 international co-operative projects organized by the municipality, which increased 31 projects compared with last year. The value of investment from signed projects reached RMB 17.367 billion yuan, and the actual capital absorbed from outside the city reached RMB 3.667 billion yuan. During the Kunming Export and Import Commodity Exchange Fair in 2005, Kunming municipality has signed agreements with the traveling merchants on 24 projects which could bring foreign investment into Kunming with a total amount of 790 million US dollar. There were 69 national economic and technological co-operative projects with a total investment of RMB 21.56 billion yuan.

3.4 Tourism industry developed steadily

The national tourism industry of Kunming developed steadily this year while the oversea tourism industry went up quickly. There were 343 thousand oversea tourists, which increased by 62.6% compared with last year of which the Asian tourists increased by 73.5%. The tourism income from the international tourism reached 84.7772 million US dollar, up 47.6%. There were 9.2769 million national tourists, which increased by 11.9%. The tourism income from national tourism reached RMB 6.741 billion yuan, up 7.6%. The total tourism income of the whole city reached RMB 7.447 billion yuan, up 9.8%.

4. Government revenue increased dramatically and the currency credit operated steadily

The government revenue had a very good situation during this year and the local government revenue increased at double-digit speed at the basis of the amplitude by 23.5% happened in last year. During the first half of the year, the government revenue of the whole city reached RMB 10.131 billion yuan, up 12.8%. Among them, the local government revenue reached RMB 4.509 billion yuan, up 27.7%. The total government payout reached RMB 4.281 billion yuan, up 19.8%. During this period, the deposit and loan operation of Kunming’s finance organizations showed a steady increase situation. By the end of June, all kinds of Chinese currency deposit in Kunming’s finance organizations reached RMB 233.693 billion yuan, up 6.9%. The deposits from enterprises have increased by 1.5%. The deposits from saving have increased by 10.5%. The entire loan reached RMB 159.368 billion yuan, up 10.8%. During the first half of the year, the accumulated cash income in Kunming’s finance organizations reached RMB 205.502 billion yuan and the cash payout reached RMB 197.668 billion yuan. There existed a balance between income and payout.

5. The price level went up a little and the resident income increased steadily

Consumer price indices of urban resident decreased month by month. The food price index decreased dramatically after the great increase last year, which caused the fall of the consumer price indices of urban resident during the first half of the year. Consumer price index of urban resident was 101.5%, up 1.5% and the amplitude decreased by 3.9% compared with last year. The food price index was 102.8% with increase by 2.8% and the amplitude decreased by 10.6%. Included in this food price index, the foodstuff, meat and its byproduct and egg indexes have increased by 4.2%, 5.9% and 9% respectively and the vegetable index has decreased by 12.2%. Compared with last year, the price of the food mentioned above showed a great descent. The index of factory price of the industry goods was 102.6%, up 2.6% compared with last year. The amplitude has decreased by 1.7%. The amplitude of the factory price of heavy industry goods were higher than that of light industry goods, while the amplitude of the factory price of procreative material was higher than that of the living material. During the first half of year, the heavy industry goods have increased by 4.6% while the light ones have increased by 1.4%. The procreative material has increased by 4.8% while the living material has increased by 0.2%.The index of the purchase price of the main raw and processed materials and fuel was 104.2%, up 4.2%. There were several materials with great amplitude which were colored metals (up 10.7%), fuel (6.5%), and black metals (5.5%). Per Capita Disposal Income of Urban Households of Kunming reached RMB 4.85036 thousand yuan in the first half of the year, up 7.1%. If the price factors were not considered, the actual increase was 5.5%. Per capita consumption payout of urban households reached 3.63358 thousand yuan, up 3.4%, which was 1.21678 thousand yuan less than the income. Per capita cash income of the farmer was RMB 2.1676 thousand yuan, which has 340.6 yuan more that of last year, up 18.6%. And the amplitude was 4.5% higher than the same period of last year. In a word, the entire economic function situation of the first half of year 2005 was in a good state, but some problems and difficulties still existed like the influence of natural disaster to the agriculture and the deterioration of the resource shortage. It was predicted that the whole city would continued to have a steady development in the following half of the year 2005.