Summary of the Province’s Economic Performance in 2015

Updated:Jun 22,2016 16:55 PM Anhui Today

Anhui Accurately Balances Efforts to Stabilize Economic Growth and Boost Structural Reforms

As we bid farewell to one year and embrace the next, it’s the time to sum up the economic situation in 2015 in retrospect. 2015 is the year that marks the end of the 12th Five-year Plan and the coming the 13th Five-year Plan. With concerted efforts, the province achieved a great deal to ensure a year of generally smooth performance, steady progress and stable growth.

Actively in response to the changeable economic situation, the top authorities of the province scientifically and successively promulgated and implemented a series of pragmatic and effective policies and measures to promote sustained and healthy economic development.

Anhui’s GDP reaches 2.20056 trillion Yuan this year, an increase of 8.7 percent, 1.8 percentage points higher than the nation’s total, ranking first in the country. Of which, the local fiscal revenue amounted to 245.4 billion, up 10 percent. The province’s grain output was 70.76 billion jin (35.38 billion kilograms), grown by 3.6 percent. The province realized “agricultural bumper harvest for twelve consecutive years” .

The industrial added value above designated size grew to 981.71 billion yuan, increased by 8.6 percent, 2.5 percentage points higher than the national average, ranking the province 7th in the country, and 2nd in central China; total social fixed assets investment was 2396.56 billion, growing 12.7 percent. The total retail sales of social consumer goods increased 890.8 billion yuan, increasing 12 percent. The people’s livelihood got further improved. The per capita disposable income of urban residents increased from 26936, and the income of rural residents increased to 10831 yuan. Last year, 652000 jobs were created for urban dwellers. Throughout the year, 68314 patent applications were filed with China Patent and Trademark Office, ranking Anhui 5th in the Country, 1st in central China; a total of 11180 invention patents were authorized, ranking it 7th in the country, 1st in central China.

The province deems the construction of strategic emerging industry agglomeration development base as a breakthrough, which implies a holistic transforming and upgrading across all industries. The province has kept calling for more efforts to upgrade traditional industries. The province has kept calling for more efforts to upgrade traditional industries and make them more competitive through technological innovation.

The province started to construct 14 strategic emerging industry agglomeration development bases with the focus on the development of new display, robot, integrated circuits, new energy automobile, intelligent voice and intelligent home appliances. The output value of strategic emerging industries reached 882.15 billion yuan, the growth of the total output value was 17.6.

The proportion of added value yielded by the equipment manufacturing industry and high-tech industry accounting for all industries grew from 34 percent and 34.8 percent in 2014 to 35.7 percent and 36.9 percent. The added value generated by Electronic information industry increased by 23.8 percent, contributing 12.9 percent to all industries and ranking 1st among 40 industrial categories.

Last year the province became a national comprehensive innovation and reform pilot area, which helps building a major strategic platform for the province to continue implementing innovation-driven and further reform strategy. A round of unprecedented surge of “innovation and entrepreneurship” is on horizon.