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Sichuan Economy and Trade Trends Monthly, October 2014 Contents

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Sichuan Economy and Trade Trends Monthly, October 2014 Contents Sichuan Economy and Trade Trends Monthly, October 2014 Published by CCPIT Sichuan Council Contents -Sichuan Retail & Catering Sales Volume Reached RMB 26 Billion during National Holiday -Chengdu High-tech Zone Launched 33 Policies and Invested RMB 1 Macro Billion per Year to Promote Strategic Emerging Industries Economy -Sichuan GDP Gained a Year-on-year Increase of 8.5% during First 3 Quarters -Growth Rate of Chengdu Industries above Designated Size Ranked Top among Vice-provincial Cities -Regular Trade Investment Round-Table Conference Will be Held between South Korea and Sichuan -Export and Import Trade Volume Went Up by 11.9% during First 3 Foreign Quarters Trade -30,000m 2 International Trade & Exhibition Center to be Built in Chengdu -Performance of Gaoxin Hi-tech Comprehensive Bonded Zone from January to September: Contributing 40% of Foreign Trade in Sichuan Key -Bazhong-Cangxi-Mianyang Expressway Kicks Off Next Year Projects -Record Number of New Top General Contractors in Sichuan Industries -Liangshan to Build Rare Earth Industry Technology Institute -Ziyang Proposes National Sino-South Korea Industrial Park -International Tourism Concentrates in Sichuan -Guang’an Economic-Technological Development Area: Unyielding Effort in Constructing the “RMB 100 Billion Park” -The Highest Logistics Center Seeks Investment in Chengdu -Investment for 56 Major Industry Projects Surpass 70% of the Annual Plan -International Aging Industry Expo Started Up -60 Projects Signed by Sichuan at the 10 th Pan-Pearl River Delta Region Convention Cooperation and Development Forum & -New Products and Technologies Developed by One Hundred Exhibition Enterprises to Make Their Debut on the Energy-saving Environmental Economy Protection Industry Expo -The 15 th WCIF Kicked Off -Chairman Li Gang Met the Delegation Led by Amir Lati, Israel Consul-general in Chengdu -Economic & Trade Delegation Led by Deputy Director-general of the Department of Trade and Industry (DTI) Yunus Husen Attended the 15 th WCIF CCPIT -“Sichuan – Hungarian Enterprises Seminar” held by CCPIT Sichuan Sichuan Council at the 15 th WCIF Council -Enterprises Led by CCPIT Sichuan Council to Hong Kong and Macau for Economic and Trade Activities -Sichuan Enterprises Participating in SIAL 2014 with Fruitful Outcomes -vice counsel of CCPIT Sichuan Council – Zhu Xiaojin Meeting with the Delegation Led by CEO of Australia International Trade Association - Michael Guo Macro Economy Sichuan Retail & Catering Sales Volume Reached RMB 26 Billion during National Holiday During National Day, Sichuan Retail & Catering Sales Volume attained at RMB 26 Billion, rising by 22% and 13% compared to that of pre-holiday days and last National Day. Activities such as 2014 Sichuan Yunnan Guizhou Chongqing Tibet Tourism Product Fair, 1 st Sichuan International Travel Expo, 11 th International Food & Tour Festival of China, 2 nd Daily Consumer Goods Expo and Shopping Festival of Chengdu were in full swing to benefit residents and drive holiday promotion. The volume of trade accomplished during 1 st Sichuan International Travel Expo arrived at RMB 2.87 billion while a sales volume of approximately RMB 100 million were harvested among 1 st to 6 th day during International Food & Tour Festival. Sichuan consumption environment subsequently got improved. During National Day, the sales volume of 12 key retail businesses gained a year-on-year increase of 14.2%, according to the monitoring data. As e-commerce prevailed, business volume during Mianyang E-commerce Expo totaled RMB 2.058 billion, over 60% of which was achieved via on-line transactions. The consumption structure of Sichuan people saw an obvious change; and travel became consumption hotspot. Ticket proceeds of 77 National AAAA Scenic Spots in Sichuan attained at RMB 33.2998 million, with a year-on-year growth of by 13.14%. (Sichuan Daily reported on October 9th ) Chengdu High-tech Zone Launched 33 Policies and Invested RMB 1 Billion per Year to Promote Strategic Emerging Industries Chengdu High-tech Zone launched 33 policies as to further development, market expansion, scale enlargement, and financial cost reducing for enterprises and invested good money in strategic emerging industries. Annual financial investment during implementation of policy is expected to exceed RMB 1 billion. Chengdu High-tech Zone supported enterprises as to further development as well as upgrading of existing production lines. Project investment totaled over RMB 5 million; enterprises with over 50% investment into equipment will be offered with a maximum subsidy of RMB 5 million. Enterprises are encouraged to build new production lines for expansion and transformation; as to new-generation information technology firms with fixed assets investment of over RMB 200 million for new production lines, a maximum subsidy of RMB 10 million will be offered. As to scale enlargement, 9 clauses for encouraging enterprises to implement standardized strategy, brand strategy, and enlargement strategy were launched. As to enterprises with an annual sales volume of over RMB 1 billion for first time, one-time subsidy of RMB 2 million will be provided. As to encouragement in upgrading and transforming existing production lines, project investment totals over RMB 5 million; as to enterprises with over 50% investment into equipment, a subsidy equal to 5% of actual total investment but under RMB 5 million will be provided at the year of completion and operation. As to enterprises with their products occupying over 10% of market share within industry, a maximum subsidy of RMB 5 million will be offered; as to production export enterprises with their export volume exceeding USD 1 billion for first time, one-time subsidy of RMB 5 million will be provided. Once single enterprise during start-up and growth stage are tested qualified through comprehensive assessment, a maximum venture capital investment of RMB 20 million will be offered. As to enterprises with their application for IPO of Shanghai or Shenzhen Stock Exchange accepted by CSRC, a one-time subsidy of RMB 2 million will be provided. As to enterprises successfully going listed in Shanghai/Shenzhen Stock Exchange, National Equities Exchange and Quotations, Chengdu (Sichuan-Tibet) Stock Exchange Corp. Ltd., a one-time subsidy of RMB 500,000, RMB 500,000, and RMB 300,000 will be offered. As to enterprises going listed in oversea capital market and approved by industry administration authorities, a maximum one-time subsidy of RMB 3 million will be offered. (Sichuan Daily reported on Oct. 15 th ) Sichuan GDP Gained a Year-on-year Increase of 8.5% during First 3 Quarters Sichuan GDP totaled RMB 2.068154 trillion during first 3 quarters, with a year-on-year increase of 8.5% and the growth rate was 1.1 percentage points higher than average level nationwide. The added value of primary industry, secondary industry and tertiary industry came to RMB 274.608 billion, RMB 1.062561 trillion, and RMB 730.985 billion respectively, with a growth of 3.9%, 9.5%, and 8.4% respectively. The economic operation trend of Sichuan characterized by steady development was almost in same pace with that of the country. The economic growth rates of Sichuan during first quarter, first half year and first 3 quarters were 8.1%, 8.5%, and 8.5% respectively. As Sichuan economy developed steadily, little fluctuations existed between different quarters. Economic stability climbed up; especially same growth rate happened during first half year and first 3 quarters, which took place for first time since 2010. During first 3 quarters, the industrial added value of Sichuan enterprises above designated size obtained a year-on-year increase of 9.8%. The growth rate was 0.2 and 1.3 percentage points higher than that of first half year and the average level nationwide respectively. All the growth owed to industry structure adjustment. During the first 3 quarters of this year, a rapid growth happened to Sichuan auto manufacturing industry, computer, communication and other electronic equipment manufacturing industry, power and heat production and supply industry, which provided strong support for industrial economic recovery. In the meantime, the added values of the above 3 industries recovered by 0.4, 0.5, 0.3 percentage points as to their proportion in the industrial added value of enterprises above designated size. Sichuan industry structure got further improved. Social fixed assets investment totaled RMB 1.78295 trillion with a year-on-year increase of 12.8%. Fixed assets investment (excluding household investment) reached RMB 1.69907 trillion rising by 16.1%. Investment in tertiary industry gained the highest year-on-year increase of 20.5% and the growth rate recovered by 1.3 percentage points compared to that of first half year. The sales volume of consumer goods attained at RMB 837.56 billion, with a year-on-year increase of 12.9% and the growth rate recovered by 0.9 percentage points compared to that of the whole nation. Urban and rural retails volume reached RMB 673.44 billion and RMB 164.12 billion respectively with a year-on-year increase of 12.6% and 13.9% respectively. (Sichuan Daily reported on Oct. 24 th ) Growth Rate of Chengdu Industries above Designated Size Ranked Top among Vice-provincial Cities During January to September, GDP of Chengdu came to RMB 732.06 billion, with a year-on-year increase of 8.7%; the growth rate stays same with that of first half year, with 1.3 and 0.2 percentage points higher than that of nation and Sichuan. The added values of primary, secondary and tertiary industries reached RMB 29.35 billion, RMB 335.67 billion and RMB 367.04 billion respectively, with a year-on-year increase of 3.4%, 10%, and 7.8%. The added value of hi-tech industries above designated size increased by 15.2%. During January to September, The added value of hi-tech industries above designated size increased by 12.3%; the growth rate climbed by 0.3 percentage points compared to that of first half year and were 3.8 and 2.5 percentage points higher respectively compared to the average level of nation and Sichuan; the growth rate also ranked top among those vice-provincial cities.
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