City’s GDP Hits RMB1trillion Benchmark

Authors: Go Chengdu

2015-01-31

On Jan. 28, an official with the Chengdu Municipal Bureau of Statistics (CMBC) revealed that according to preliminary statistics, Chengdu’s GDP in 2014 surged 8.9% year on year to RMB1.566trillion (approx. US$162.2billion)
On January 28, an official with the Chengdu Municipal Bureau of Statistics (CMBC) revealed that according to preliminary statistics, Chengdu’s GDP in 2014 surged 8.9% year on year to RMB1.566trillion (approx. US$162.2billion), and its economic growth rate was 1.5 and 0.4 percentage points higher than the national and provincial averages respectively. Last year, the added value of the city’s primary, secondary and tertiary sectors realized RMB37.08billion (approx. US$5.98billion), RMB456.11billion (approx. US$73.57billion) and RMB512.47billion (approx. US$82.66billion), up 3.6%, 9.8% and 8.6% respectively.
According to the data, in 2014, the local industries above the designated scale increased by 12.2% over a year ago, 3.9% and 2.6% higher than the national and provincial averages respectively, outperforming other 14 deputy-provincial cities nationwide.
In the past year, the city's eight priority industries soared 13.25% year on year. Among the amount, the automobile and electric information sectors contributed RMB130billion (approx. US$20.97billion) and RMB280biilion (approx. US$45.16billion), jumping 15.4% and 13.7% respectively.
The service industry generated an added value of RMB512.47billion (approx. US$82.66billion), up 8.6% compared with that of 2013. The financial sector saw a rapid growth in 2014, and its added value increased by 15.9%, 7.3 percentage points higher than the service industry.
The foreign trade maintained a steady growth in 2014. The total foreign trade volume hit US$55.85billion, up 10.4% year on year. The total volume of imports witnessed a year-on-year rise of 17.8% to US$22.03billion and the exports increased by 6.1% to US$33.82billion. The total volume of imports and exports of the Chengdu Hi-tech Industrial Development Zone's comprehensive bonded zone ranked third in the country and first in central and western China.

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