Jiangxi's H1 Economy Continues to Boom


July 16, Jiangxi Daily ¨C Jiangxi's economy in the first half of this year continues to boom, according to the economy analysis meeting held by the province government July 14, 2007.

In the first half of this year, the province's GDP reached 223.5 billion yuan, up 12.8% year on year; total government revenue was 33.941 billion yuan, up 29%; urban per capita disposable income grew by 19.3% to 5,823.6 yuan; and rural per capita net income rose by 14.5% to 1,744.36 yuan.

Economic efficiency of the industrial sector improved significantly. The value added of industries and the total profits made by industrial enterprises above designated size stood at 75.21 billion and 9.49 billion yuan, up 24.1% and 86.2% respectively.

Foreign trade expanded. Export volume was US$ 2.348 billion, 52.6% more than the same period of last year; actual utilization of foreign capital rose 24.2% to US$ 1.78 billion.

Private enterprises in the province reached 93,200 with 143.16 billion yuan of registered capital, up 19.9% and 25.7% respectively. The value added of industries made by private enterprises reached 45.97 billion yuan, up 39.2%.

Fixed investment grew by 29.8% to 103.736 billion yuan; the total retail sales of consumer goods reached 79.11 billion yuan, up 16.7%.

The growth of three industries was coordinated. Primary industry, secondary industry and tertiary industry rose 4.9%, 17.7% and 9.3% respectively. The ratio of three industries was 12.7: 52.0: 35.3.