The Development Of The Yangtze River Delta Basically Recovered To The Level Before The Financial Crisis In The First Half Of The Year.

The Wuxi Municipal Bureau of statistics, which has long tracked and analyzed the economic data of the Yangtze River Delta, revealed on the 13 th that in the first half of this year, the growth rate of GNP, industrial output value above Designated Size, fixed assets investment and general budgetary revenues of local governments basically recovered to the international level in the first half of this year.

0.8 percentage points higher than the same period in 2008.

In the first half of this year, the Yangtze River Delta region, with 16 cities as its main body, further expanded domestic demand, and promoted the sustained and steady growth of the economy through endogenous economy.

The total investment in fixed assets reached 15184 billion yuan, an increase of 18.1% over the same period last year, and the total retail sales of social consumer goods reached 11410 billion yuan, an increase of 18.3% over the same period last year.

Data show that the Yangtze River Delta region's GDP growth rate is 0.8 percentage points higher than the same period in 2008, above scale.

The structure of economic growth is changed.

In the first half of the year, the main economic indicators of the Yangtze River Delta and the total volume of foreign trade and economic cooperation have basically revert to the previous level of financial crisis.

In fact, the pattern of market driven consumption, investment and exports to jointly stimulate the Yangtze River Delta economic growth has taken shape in the first half of this year.

As the main frontier of China's foreign trade, the total volume of foreign trade in the Yangtze River Delta region accounts for nearly 40% of the total share of the country.

In the first half of this year, the total import and export volume of the Yangtze River Delta region reached US $481 billion 800 million, an increase of 45.2% over the same period last year, and the total export volume was US $271 billion 100 million, an increase of 39.7% over the same period last year. The total volume of foreign trade has returned to the level of pre crisis development.

The consumer goods market in the Yangtze River Delta region was particularly active under the strong stimulation of World Expo in Shanghai. 3/4 of the Yangtze River Delta's retail sales grew by more than 18% in the first half of the year, adding a bright color to the overall economic operation of the region.

Data show that in the first half of the year, the total retail sales of consumer goods in the Yangtze River Delta exceeded 11000 billion yuan, reaching 11410 billion yuan, up 18.3% from the same period last year, the growth rate was 3.2 percentage points higher than that of the same period last year, which is 0.2 percentage points higher than the investment growth rate.

Investment in fixed assets has also maintained steady growth.

In the first half of this year, the total investment in fixed assets of the Yangtze River Delta region reached over 15000 billion yuan, reaching 15184 billion yuan, an increase of 18.1% over the same period last year. Although the growth rate dropped 0.2 percentage points over the same period last year, it still maintained a relatively fast growth level.

Yu Hongsheng, director of the urbanization development research center of the Shanghai Academy of Social Sciences, said that the good economic operation in the first half of the Yangtze River Delta has great relations with the 4 trillion yuan investment pull of the state and the policies promulgated by the State Council, including the Jiangsu coastal area development plan and the Yangtze River Delta regional development planning outline. Due to the promotion of the expected policies, the cities in the Yangtze River Delta have been well prepared for 1-2 years, and now they are gradually entering the "harvest period".

Looking forward to the second half of the year, the Yangtze River Delta region's economy will continue to maintain a good momentum of development.