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40 Years of Reform and Opening up: Jingzhou's GDP has increased by six folds and urban residents' income has increased
Updated: 2018-12-25 11:44:43

A few days ago, the Municipal Bureau of Statistics released a report on the 40th anniversary of the reform and opening up of Jingzhou City. In the past four decades, the city's GDP has increased by six folds, the general budget revenue of local financehas increased by 55 times, and the per capita disposable income of urbanpermanent residents has increased by 89 times. Behindthe changes in data is astrong sense of achievement, happiness andsecurity of every Jingzhou resident. Starting from today, Jingzhou Network News Broadcast will learn about thedevelopment achievements of Jingzhou in the 40 years of reform and opening upand cheer for those excitingnumbers.

In the 40 years of reform andopening up, Jingzhou’s national economy has continued to grow rapidly and theeconomic aggregate has achieved a big leapfrogdevelopment.The city's gross production value has doubled for six times, the first doubled-increase was achieved in 1984, and the second achieved in 1989, the third in 1994, the fourth in2005, the fifth in 2010and the sixth in 2016.

In 2017, the totalproduction value of Jingzhou was RMB192.218 billion, calculated by comparable prices, which was 31.9times higher than that in 1978, with an averageannual growth rate of 9.3%.

The primary industrygrew by 6.2 times, with an average annual growth rate of 5.3%, the secondaryindustry grew by 149.4 times, with an average annual growth rate of 13.7%, andthe tertiary industry grew by 34.9 times, with an average annual growth rate of9.6%.

In 2017, the totalproduction value of Jingzhou accounted for 5.3% of the total gross productionvalue of Hubei Province, ranking the fourth among the 16 prefecture-levelcities and counties in the province.

In the past 40 years,the per capita GDP of Jingzhou City has increased from RMB 352in 1978 to RMB 34,071 in 2017, with an increase of 95.8 times, and the percapita GDP has grown at an average annual rate of 12.4%.

In 1978, the generalbudgetary revenue of Jingzhou local finance was RMB 217 million. In 2017, it rose to RMB 12.25 billion, with an increase of 55.3 times, with an average annual growth rate of 10.9%.

In 1978, the totalsocial fixed assets investment of Jingzhou City was RMB 297 million. In 2017, it rose to RMB 223.23 billion, with anincrease of 750 timesand an average annual growth rate of 18.5%.

From 1978 to 2017, thetotal social retail sales of consumer goods in Jingzhou increased from RMB 639 million to RMB116.857 billion, with an increase of 182 times and an average annual increase of 14.3%.

In 2017, the percapita disposable income of permanent urban residents in the city reached RMB 29,973, with an increase of 89.8 times over 1978, an averageannual growth rate of 12.3%.

In 2017, the percapita disposable income of rural residents in Jingzhou reached RMB 15,962, with an increase of 129.8 times over 1978 and an average annual growth rate of 13.3%.


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