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Ningbo’s GDP reaches 541.72 billion in the first half of the year

According to data released by Ningbo Municipal Bureau of Statistics and Ningbo investigation team of National Bureau of Statistics on July 24, in the first half of 2019, Ningbo's GDP reached 541.72 billion yuan, a year-on-year increase of 6.5%. Among them, the “246” tens of billions of industrial clusters developed well, with a total industrial added value of 151.54 billion yuan, a year-on-year increase of 6.7%, and the growth rate was 1.3 percentage points ahead of all industrial enterprises above designated size.

The innovation drive effect works. In the first half of the year, the city's industrial enterprises above designated size invested 14.43 billion yuan in research and development, a year-on-year increase of 14.8%, which was 13.8 percentage points higher than the growth rate of industrial enterprises above designated size. The output value of new products of the industrial enterprises above designated size in the city reached 277.23 billion yuan, a year-on-year increase of 7.5%. The contribution rate to the growth of industrial output value was 55.5%, and the contribution rate increased by 18.8 percentage points over the same period of last year.

The development of the service industry is generally stable. In the first half of the year, the city's service industry added value increased by 7.8% year-on-year, accounting for 47.2% of GDP, 1.4 percentage points higher than the same period of last year, and contributed 53.0% to GDP growth. At the end of June, the balance of domestic and foreign currency deposits and loan balances of financial institutions in the city both exceeded 2 trillion yuan, up 10.0% and 12.3% respectively. Ningbo Zhoushan Port continues to rank first in the world in cargo throughput, with container throughput ranking third in the world with 13.906 million TEUs.

 

The growth rate of fixed asset investment rebounded. In the first half of the year, the city's fixed asset investment increased by 7.5% year-on-year, an increase of 7.4 percentage points over the same period last year. Among them, private investment increased by 8.5%. From the main composition of investment, industrial investment increased by 5.6%, which laid a solid foundation for Ningbo manufacturing.

The consumer market grew steadily. In the first half of the year, the city's total retail sales of consumer goods reached 201.23 billion yuan, an increase of 8.1% year-on-year. Among them, the total retail sales of consumer goods in June reached 39.07 billion yuan, a year-on-year increase of 12.3%. From the main commodity categories above the designated size, the retail sales of automobiles was 29.56 billion yuan, a year-on-year increase of 7.3%, of which the retail sales of new energy vehicles increased by 159.4%.

Foreign trade exports continue to increase in the national share. In the first half of the year, the city's total import and export volume reached 432.72 billion yuan, an increase of 7.4%. Among them, exports were 277.88 billion yuan, accounting for 3.49% of the national total, an increase of 0.06 percentage points over the same period last year.  

Residents’ income has increased steadily. In the first half of the year, the per capita disposable income of the city's residents was 31,173 yuan, a year-on-year increase of 9.3%, and the actual increase of 6.4% after deducting the price factor. Among them, the per capita disposable income of urban residents was 35,540 yuan, an increase of 8.7%; the per capita disposable income of rural residents was 20,354 yuan, an increase of 9.4%

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