City Sees 8.0% GDP Growth in Q1

Authors: Go Chengdu

2019-05-09

In this year's first quarter, Chengdu’s GDP reached RMB355.01 billion, rising 8.0% from the same period of last year at a comparable price, and 1.6% higher than the national average.
The city's added value of the primary industry was nearly RMB8.65 billion, a year-on-year increase of 2.9%; that of the secondary industry close to RMB151.34 billion, a year-on-year increase of 7.5%; and that of the tertiary industry roughly RMB195.02 billion, a year-on-year increase of 8.5%.
Chengdu Sees 8.0% GDP Growth in Q1
The city realized a total foreign trade volume of RMB123.82 billion, including RMB68.01 billion in exports and RMB55.81 billion in imports, up 37.9% and 5.2% year on year respectively.
Chengdu Sees 8.0% GDP Growth in Q1
Chengdu opened 3 new international (regional) air links, increasing its total to 116 which makes the city rank fourth in the Chinese mainland and first in central and western China. And the Chengdu Shuangliu International Airport's annual passenger traffic and cargo throughput hit 13.85 million and 151,000 tons respectively.
From January 1, 2019, Chengdu started offering 24/7 customs clearance service for passengers as well as imported and exported goods at the airport. With this new service, passengers can go through the customs more efficiently and the time of customs clearance for commodities is shortened.
The Chengdu International Railway Port ran a total of 586 inbound and outbound cargo trains, including 232 running along the China-Europe Express Railway. In February, the city joined the Secure and Smart Trade Line Pilot Program launched by China and European Union.
Chengdu Sees 8.0% GDP Growth in Q1
The total foreign trade volume of the Chengdu Hi-tech Development Zone (CDHT) Comprehensive Boned Zone was RMB90.82 billion, ranking first among all of its counterparts in China. Those of the Chengdu railway bonded logistics center (type B) and Chengdu airport bonded logistics center (type B) grew more than 1.9 times and 593.2 times respectively. Since it was established, the Chengdu Tianfu New Area and Chengdu Qingbaijiang Railway Port Area of China (Sichuan) Pilot Free Trade Zone had accomplished a total registered capital of RMB632.2 billion, including RMB81.9 billion from foreign-funded companies and RMB12.2 billion newly registered foreign capital.
Chengdu Sees 8.0% GDP Growth in Q1
101 foreign-invested projects were approved in the city, with an actually utilized foreign investment of US$3.55 billion, which includes a foreign direct investment of US$226 million. Of the projects, 14 are injected into more than US$10 million each.
Chengdu Sees 8.0% GDP Growth in Q1
The private enterprises in the city realized a foreign trade volume of RMB22.71 billion, a year-on-year rise of 69.1%.
Chengdu Sees 8.0% GDP Growth in Q1
The added value of the city's service industry hit RMB195.02 billion, rising 8.5% from the same period of the prior year. The city saw the opening of the first stores of 60 foreign or home brands in Chengdu, among which 3 are national flagship stores, 8 first stores in China, and 14 first stores in the country's southwestern regions. And it accomplished a revenue from the catering sector of RMB25.51 billion, up 21.9% year on year.
Chengdu Sees 8.0% GDP Growth in Q1

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