Copyright 2024 - Ningbo Life / Ningbo Expat

Ningbo's economy sees a steady growth,

with a 5.3% GDP growth in the first three quarters

On the afternoon of October 23rd, the Municipal Government Information Office held a press conference on the economic operation of Ningbo in the first three quarters. Xu Haiyan, a member of the Party Group and Deputy Director of the Municipal Bureau of Statistics, introduced that the overall economic operation of the city was stable, steady and positive in the first three quarters.

According to the unified accounting results of the provincial gross domestic product, Ningbo's GDP reached 1.26443 trillion yuan in the first three quarters, a year-on-year increase of 5.3% calculated at constant prices.

In terms of industries, the added value of the primary industry was 25.69 billion yuan, an increase of 3.9%; The added value of the secondary industry was 565.55 billion yuan, an increase of 6.1%, of which the industrial sector was 515.44 billion yuan, an increase of 7.3%; The added value of the tertiary industry was 673.19 billion yuan, an increase of 4.6%. The ratio of the three industries is 2.0:44.7:53.3. The contribution rates of the three industries to the growth of regional GDP are 1.7%, 52.3%, and 46.0%, respectively.

The agricultural production situation is stable, and grain production has achieved a "double increase". In the first three quarters, the added value of agriculture, forestry, animal husbandry, and fishery in the city was 27.03 billion yuan, a year-on-year increase of 4.0%. The sowing area of early rice was 289000 mu, an increase of 6.1%; The total output of early rice was 121000 tons, an increase of 4.1%. The production of pigs, cows, sheep, and poultry meat was 77000 tons, an increase of 0.6%; Milk production was 33000 tons, a decrease of 2.8%; The production of poultry eggs was 28000 tons, a decrease of 2.4%. The output of aquatic products was 724000 tons, an increase of 5.6%. 766000 pigs were slaughtered, a decrease of 0.5%.

Industrial production is growing steadily, with emerging industries leading the growth. In the first three quarters, the added value of industrial enterprises above designated size in the city increased by 7.8% year-on-year. Among them, private enterprises grew by 8.8%. By industry, the top ten industries in terms of added value scale have seen a "nine rise and one fall" trend, with industries such as automobile manufacturing, metal products, and computer communication increasing their added value by 21.8%, 16.3%, and 8.7% respectively, all of which are higher than the growth rate of industries above designated size. From the perspective of emerging industries, the added value of large-scale manufacturing industries such as artificial intelligence, high-end equipment, strategic emerging, and high-tech increased by 13.7%, 13.4%, 13.3%, and 9.9%, respectively. From January to August, industrial enterprises above designated size in the city achieved a total profit of 89.91 billion yuan, an increase of 16.5%.

The service industry continues to recover, with strong driving force from key industries. In the first three quarters, the added value of the city's service industry increased by 4.6% year-on-year. Among them, the added value of transportation, warehousing and postal industry, wholesale and retail industry, and financial industry increased by 11.4%, 9.3%, and 6.0% respectively, driving a total growth of 4.1 percentage points in the service industry. The sales revenue of goods increased by 12.9%. At the end of September, the balance of domestic and foreign currency deposits of financial institutions in the city was 3.64 trillion yuan, and the balance of loans was 4.22 trillion yuan, an increase of 5.3% and 12.3% respectively. The cargo throughput of Ningbo Zhoushan Port in Ningbo Port area reached 525 million tons, an increase of 2.5%; The container throughput amounted to 27.015 million TEUs, an increase of 8.9%

f t g m