Tianjin Economy keeps its momentum of increasing by 12.4% annually

In the “12th Five-Year Plan” period, Tianjin unswervingly sped up the mode change of its economic development. It actively adapted to the new environment and positively responded to downward pressure on the economy and society to achieve sustainable and healthy development. By 2015 the city’s GDP reached 1.6538 trillion CNY, 1.8 times that in 2010, or an average annual increase of 12.4%. Per capita GDP exceeded 17,000 US dollars. General public budget revenue reached 266.7 billion CNY, or an average annual increase of 20.1%. Total fixed asset investment reached 1.3066 trillion CNY. In the five years, the number is more than 5 trillion CNY, or an average annual increase of 15.5%. Annual retail sales growth rate reached 12.9%. Energy consumption per 10,000 CNY output has dropped by 24%, exceeding the state-assigned energy-saving and emission reduction targets.

Innovation and development began to bring good results. Tianjin National Innovation Demonstration Zone Development Plan was officially announced.

Construction of “One area and twenty-one parks” proceeded steadily. We actively promoted grassroots entrepreneurship and innovation. The establishment of “double hit zones” in Binhai New Area has resulted in the city’s 106 innovation spaces. New industries and new formats formed a larger cluster.

In 2015, large scale high-tech industrial output (manufacturing) increased by 1.5% over the previous year. Online wholesale and retail sales was 24.403 billion CNY, or an increase of 95.2%, accounting for 8.9% of the total retail sales more than a certain quota, or a 3.9% increase over the previous year. Express delivery business increased by 1.1 times.

Science and technology enterprises saw their advantages turned into power. 13,778 small technology startups were registered, including 510 “little giants”. These companies are mainly in the emerging industries of new energy, bio-medicine, environmental protection, and high-end equipment manufacturing; from January to November, 2015, industrial “little giant” enterprise gross profit and total tax paid increased by 26.7% and 23.7%, respectively, faster than large-scale industry by 25.1% and 7.3%.

Service industry’s domination was established. In 2015, for the first time the service industry accounted for 50% of the city’s GDP. The industrial economic development was leaning towards service, rather than manufacturing. Among them, the wholesale and retail added 207.514 billion CNY, or an increase of 6.1%; financial sector added 158.812 billion CNY, or an increase of 11.7%; transportation, storage and postal services added.

76.468 billion CNY, or an increase of 7.7%; real estate added 60.542 billion CNY, or an increase of 6.1%; accommodation and catering added.

24.519 billion CNY, or an increase of 5.3%. Building economy steadily grew. Number of buildings that generate tax revenue over a hundred million CNY has reached 171. Exhibitions flourished. CTIF, PE Fair and International Mining Conference were held in Tianjin with great success. Emerging service industry growth was good: from January to November, 2015, large-scale profit-making services revenue reached 113.608 billion CNY, up 25.9%; leasing and business services, Internet and related services, software and information technology services grew by 27.0%, 30.3% and 36.0%, respectively.

We adjusted and optimized internal structures of the manufacturing sector. In 2015, large-scale industry grew by 9.3%. In 39 major industries, 35 showed varying degrees of growth. Equipment manufacturing went strong and accounted for 36.2% of the city’s industrial output, or an increase of 3.2% over the previous year; aerospace, automobile manufacturing, electrical machinery and other industries grew by 25.2%, 13.2% and 11.1%, respectively. Consumer goods sector was good, accounting for 19.2% of the total industrial output, or an increase of 2.6% over the previous year; cultural goods, furniture manufacturing and other industries increased by 18.3% and 15.0%, respectively. Upgraded products increased rapidly. Sport utility vehicles (SUVs), new energy vehicles, flat panel displays, optoelectronic devices and other products output increased by 7.6 times, 5.8 times, 27.6% and 13.4%. Smart phone production increased from 78% last year to 94%. Overproduction continued to be cut: flat glass, crude steel, pig iron, and cement, among others, fell by 4.4%, 9.5%, 10.5% and 23.7%, respectively.

Modern urban agriculture’s development accelerated. Agricultural planting and breeding structure was further adjusted. Worry-free vegetables’ planting area reached 70,178 acres. Tourist and ecological agriculture has become a new bright spot. By 2015, the total grain output reached 1.8175 million tons, or an increase of 3.3%; pork production was 292,100 tons; egg production was 202,000 tons; milk production was 680,000 tons; vegetable production was more than 4.6 million tons.