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The economic operation continues to rebound, and the development momentum is stable and improved
Shenyang achieved a regional GDP of CNY 552.71 billion in the first three quarters
Source: Shenyang Daily 2022-11-03

On November 1,Shenyang Statistics Bureau announced the city's economic operation in the first three quarters of this year.Since the beginning of the year,in accordance with the important requirements of "epidemic prevention and control,stable economy and safe development",the whole city has actively responded to the impact of multiple adverse factors such as COVID-19 epidemic.The city's economy has continued to recover,and further continued the trend of steady progress and positive development.

According to the preliminary accounting,in the first three quarters,the city's GDP reached CNY 552.71 billion,with a year-on-year growth of 3.8 percent,calculated at comparable prices,and 1.2 percentage points higher than that of the first half of the year.Among them,the added value of the primary industry reached CNY 19.93 billion,up 2.9 percent, 0.3 percentage points higher than that in the first half of the year.The added value of the secondary industry was CNY 205.99 billion,up by 4.8 percent, 4.7 percentage points higher than that in the first half of the year.The added value of the tertiary industry was CNY 326.79 billion,up 3.3 percent,0.6 percentage points lower than that in the first half of the year.

The supply-side recovery accelerated

Agricultural production grew steadily.In the first three quarters,the total output value of agriculture,forestry,animal husbandry and fishery reached CNY 42.34 billion,with a comparable increase of 2.9 percent,0.2 percentage points higher than the first half of the year.The plantation industry was growing faster,the livestock industry was growing steadily,and fishery production was increasing steadily.

Industrial production rebounded rapidly.In the first three quarters,the city's industrial added value above designated size increased by 4.3 percent year on year,4.2 percentage points higher than the first half of the year.First,the equipment manufacturing industry rebounded strongly.The added value of the equipment manufacturing industry increased by 5.2 percent,8.9 percentage points higher than that in the first half of the year.Among them,automotive manufacturing,general equipment manufacturing,special equipment manufacturing,railroad,ship,aerospace and other transportation equipment manufacturing industries grew by 2.4 percent,20.9 percent,43.2 percent and 41.5 percent,respectively.Second,the consumer goods manufacturing industry maintained rapid growth.The added value of consumer goods manufacturing industry increased by 7.8 percent,3.5 percentage points higher than the growth rate of industrial added value above designated size in the city.Third,the high-tech manufacturing industry has developed rapidly.The added value of high-tech manufacturing industry above designated size increased by 15.9 percent.

The for-profit service industry were recovering at a faster pace.From January to August,the city's for-profit service industry above designated size achieved operating revenue of CNY 40.57 billion,up 11.3 percent year on year and 4.8 percentage points higher than that in the first half of the year.

Three major demands continued to improve

Investment in fixed assets continued to increase at a faster pace.In the first three quarters,the city's fixed asset investment increased by 7.6 percent year on year.First,industrial investment continued to grow rapidly,reaching 31.7 percent,among which investment in manufacturing and investment in power,heat,gas and water production and supply increased by 30.6 percent and 33.8 percent,respectively.Second,infrastructure investment played a significant role in driving up the investment,which increased by 1.1 times and pulled up the investment growth rate of the whole city by 12.4 percentage points.Third,investment in the social sector continued to increase by 1.0 times.Investment in education,health and social work,culture,sports and entertainment increased by 68.8 percent,1.6 times and 73.7 percent,respectively.Fourth,investment in high-tech industries maintained a relatively high growth rate.

The consumer market was rebounding and improving.In the first three quarters,the total retail sales of consumer goods in the city reached CNY 287.42 billion,down 0.9 percent year on year,with a decline of 1.1 percentage points narrower than the first half.

Foreign trade maintained growth.In the first three quarters,the city's imports and exports totaled CNY 105.70 billion,up 2.6 percent year on year.The actual utilization of foreign capital maintained rapid growth.In the first three quarters,the actual utilization of foreign capital reached 3.90 billion US Dollars,up 516.7 percent year on year,among which the amount of newly signed contracts increased by 388.7 percent.

The quality of development was significantly improved

Finance and tax revenues were running smoothly.In the first three quarters of this year,the city's general public budget revenue reached CNY 55.15 billion,with an increase of 1.5 percent.Key expenditures were strongly guaranteed,with CNY 8.44 billion spent on medical and health care,up 38.3 percent year on year.Social security and employment spending reached CNY 16.44 billion,up 15.4 percent year on year.Expenditure on agriculture,forestry and water resources reached CNY 4.08 billion,up 16.3 percent year on year.The expenditure on housing security reached CNY 3.17 billion,up 15.1 percent year on year.

The efficiency of industrial enterprises continued to improve.In the first three quarters,the total profits of industrial enterprises above designated size reached CNY 50.31 billion,up 6.7 percent year on year.Operating income profit margin was 10.78 percent,up 0.49 percentage points year on year.

Market expectations were steady and positive

Market entities grew steadily.By the end of September,the city had 1,099,000 market entities,up 10.4 percent year on year.Of these total,there were 348,000 enterprises,up 8.1 percent,and 745,000 self-employed businesses,up 11.6 percent.Financial credit growth rate increased.As of the end of September,the balance of deposits in domestic and foreign currencies of the city's financial institutions was CNY 2,100.56 billion,with an increase of 6.6 percent year on year.The balance of loans in domestic and foreign currencies was CNY 2,050.26 billion,with an increase of 7.7 percent.

Consumer prices have risen moderately.From January to September,the city's consumer prices rose 1.9 percent year on year.

Reporter Liu Yang