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General Information on Nanning’s Development
Nanning, the capital of Guangxi Zhuang Autonomous Region, is located in Southern Guangxi and plays a role of centers of polity, economy, culture, technology, finance and information in Guangxi. It lies next to Guangdong Province, Hong Kong and Macau, faces Southeastern Asia and backs on Southwestern China. It is an important hinge for the gateway to the sea for the Southwestern China and a combination, connecting point and transfer station of Southern China Economic Zone, Southwestern China Economic Zone and Southeast Asia Economic Zone. Nanning covers an area of 10.029 thousand square kilometers and the urban area covers 1.834 thousand square kilometers. It governs 5 districts including Xincheng, Chengbei, Xingning, Yongxin and Jiangnan, two counties including Yining and Wuming and one suburban area, with a total population of 2.81 million of which 1.50 million live in the urban area.
Nanning’s economy kept developing healthfully, rapidly and in phase, indicating a satisfactory state of high speed, great efficiency, strong vitality and powerful stamina. The main economic indices reach the best levels. In 2004, Nanning’s GDP reached 58.886 billion yuan, with a growth of 13.2% compared with the same period of last year. Government revenue reached 7.463 billion yuan, with a growth of 22.23% compared with the same period of last year. Agriculture developed in form of scale economy and industrialization. The industry chain of agriculture was forming and extending, the commercial proportion and the competitiveness of the agriculture products were promoted and a lot of distinctive and superior products develop rapidly. The increase value of agriculture reached 10.275 billion yuan, with a growth by 5.95% compared with the same period of last year. The cultivated areas of the economic crops such as vegetable, fruit, cassava and silkworm were extending more. The proportion of foodstuff to economic crops was1 : 1.07. Breed Aquatics Industry was booming.
Because of the push of some technological reconstruction projects caused by the gradual flourishing of market demand, there appeared a tendency that the industry developed at a high speed. The Add Value of Secondary Industry reached 12.58 billion yuan, with a growth of 16.60% compared with the same period of last year. Gross output value of industry enterprises above designated size reached 26.365 billion yuan, with a growth of 24.55% compared with the same period of last year. The increase ratio enhanced 4.99% compared with the same period of last year, which was the highest one in the recent decade. Industry such as Business Trading and Tourism kept developing rapidly and strongly. Some famous trade enterprises like Dianian Wanda, Wal-Mart, Wangfujin and Baisheng entered Nanning and did great contribution to the vitality of trade development. The Add Value of Tertiary Industry reached 30.114 billion yuan, with a growth of 13.10% compared with the same period of last year. The Total Retail Sales of Consumer Goods reached 23.941 billion yuan, up 15.12% compared with the same period of last year.. New type of service industries such as tourism, exhibition and information industry developed rapidly. Because of the fast development of the information industry, the gate websites of the governments were perfected with several electronic government affair systems being established and applied, including Office Automatization System, Network Government Affair Service Platform, Video Meeting System ect. Plenty of information construction and rebuild projects such as intelligent system of fire control commanding center, system of traffic management center, information rebuild of hotels and restaurants, information rebuild of exhibition center, upgrade process of linkage system of emergency and systems of communication guarantee and information service for “China—ASEAN(Alliance of Southeast Asia Nations)” were completed in time. Public service calling center, government affair information website in English version, “China—ASEAN Exhibition” website and Nanning Sugar industry website were established step by step.
From the first season to the third season in 2005, the total investment on real estate development reached 6.897 billion yuan, with a growth of 61.17% compared with the same period of last year. The floor space of commercial buildings which were under construction reached 1.1547 million square meters, up 36.92% compared with the same period of last year. The sales became steady and the price went down placidly. Some analyst believed that the macro-control executed by the central government this year had preliminary effect. Although the fourth season report hasn’t been come out, according to the forecast of the “dumbbell” tendency, the trend of real estate market of the fourth season in Nanning would be better in the future.
From the first season to the third season in 2005, the total bargain floor space of the current and future houses sales reached 2.78 million square meters. Among them, the bargain floor space in third season reached 10.192 square meters, almost 60% of the total bargain floor space of the first half of the year. It indicates that the total bargain floor space of the commercial buildings will increase at a higher speed, showing good development tendency.
The investment on the houses is both the main direction of investment in Nanning’s real estate market and the main body of market purchase. From the first season to the third season in this year, floor space of commercial houses under construction reached 8.73 million square meters which was 75.63% of the total areas of commercial housing which were under construction, up 34.72% compared with the same period of last year. The increase of the housing supply effectively facilitated the expansion of the sales of houses. During the first three seasons, the accumulated floor spaces of housing sales reached 2.64 million square meters which was 94.8% of the total sales.
According to the analysis, in 2004, because of the moderate finance and credit policy and the strict tax management policy, the radical going up of the house price lost its policy support. In this year, due to the fulfilling of the measures such as the stricter control on the land supply, further optimizing market supply structure, constraining the attornment of future houses, actualizing the online record registration of deal contract of the commercial buildings and expanding the beneficial scale of the low rent house, the house purchase mentality of residents was stabilized to a certain extent.
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