General recovery of economy in Ningbo
- Details
- Category: Governmental News
- Published: Wednesday, 02 May 2012 09:17
According to statistics released by Ningbo Statistics Bureau about the economic operation of Ningbo in the first quarter this year, in the severe situation home and abroad, Ningbo is taking take resolute and daring action to deal with the international financial crisis and to ensure the steady development in the future.
The economic decline at the end of the last year affected the industry of Ningbo this year. In the first quarter of this year, the GDP of large industrial enterprises amounted to 260.56 billion yuan, leveling the same period of the previous year with the growth rate 27.6 points lower than the same period of the last year.
However, on the monthly base, there is a growth of major economic indexes.
In the first three months, the growth rate of large industrial enterprises reaches 3.3 points. In March, the gross output of large industrial enterprises reaches 103.39 billion yuan, 5.3% more than the same period in the previous year. and 4.7%% more than the average monthly output of the previous year. This indicates that the monthly output has resumed the high level of the last year.
Besides, the total added value of the large industrial enterprises amounted to 47.65 billion yuan, increased by 28.% over the precious year and 4.5 points higher than the first two month this year. In the same three month, the reduction rate of profit and that of profit tax drop by 7.9 and 0.6 points respectively.
Tang Baisheng, General Statistian of Ningbo Statistics Bureau said, "The drop of the reduction rates is confirmed by the drop of industrial power consumption. In the first quarter, the industrial power consumption drops by 1.1% over the same period of last year, with the growth rate 13.2 points lower than the same period of the last year but slightly higher than January and February. Taking the manufacturing industries as an example, the power consumption drops by 3.6% over the same period of last year but in March the power consumption rises by 5.1 points against January and February."
Foreign trade is recovering, though not very fast. In the first quarter, the total import and export volume reaches $22.29 billion US dollars, increased by 19.% over the precious year and 2.5 points higher than the first two months this year. Of the total, the export reaches 13.3 billion, increased by 4.8%.
In particular, the export in March rises by 10.9%, 2 points higher than the average growth rate of the country.
