Changchun's Q1 GDP Grows by 7.1% Year on Year

Updated : 2024-04-26Source : CCFAO
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According to the accounting results of regional GDP released by the Statistic Bureau of Jilin:
 
Changchun's GDP reached RMB 153.44 billion in the first quarter, marking a year-on-year increase of 7.1%. This growth rate is higher than the national and provincial averages, indicating a strong momentum for economic development.
 
From the perspective of the performance of the three industries, Changchun's industrial structure was further optimized. In the first quarter, the value added from primary, secondary, and tertiary industries in the city reached RMB 5.29 billion, RMB 53.94 billion, and RMB 94.21 billion, respectively, representing growth rates of 3.1%, 11.7%, and 4.8%. The industrial structure shifted from last year's 4.4:36.2:59.4 to 3.4:35.2:61.4, with the tertiary industrial proportion increasing by two percentage points compared to the previous year.
 
In the first quarter, Changchun saw a robust start to its economic performance, with rising production and supply quality and quantity, a continued rebound in consumer markets, expanding investment scales, and a concentration of new quality productive forces.
 
Stable "Cornerstone" —
 
Agricultural stability ensures national security, while agricultural prosperity lays a strong foundation. This year, our city has focused on strengthening the foundation, stabilizing production capacity, preventing risks, and boosting vitality to solidify the "cornerstone" of agriculture. As a result, the city's agriculture, forestry, animal husbandry, and fishery have shown steady growth, with production structures becoming increasingly optimized.
 
In the first quarter, the total value added and total output value of agriculture, forestry, animal husbandry, and fishery grew by 3.1%. The output value of animal husbandry increased by 3%, with a sustained increase in the number of slaughtered major livestock products and the effective release of basic production capacity. The number of slaughtered pigs, cattle, and sheep increased by 3.3%, 5.1%, and 3.7%, respectively. Crop production greatly accelerated, with the output value growing by 8.1%. Specifically, vegetable and mushroom production increased by 4%, while fruit production increased by 8.4%.
 
In terms of regional performance, county-level areas were the main contributors to the primary industry in our city, and accounted for 98.2% of the total value of agriculture, forestry, animal husbandry, and fishery. Among them, Gongzhuling, Dehui, Shuangyang, and Nong'an made outstanding contributions, providing strong support for the stable operation of agriculture in Changchun.
 
Stable "Power Source" —
 
The industry serves as the "power source" of Changchun's economic development. By opening up new tracks, igniting new engines, and stimulating new momentum, on the road to new industrialization, we continuously released strong vitality in Changchun's industrial economy and provided new increments for economic development.
 
In the first quarter, the industrial value added in Changchun increased by 12.3%. The total output value of Changchun's industries above designated size increased by 10.7%, representing a 1.8 percentage point increase over the previous year.
 
The automobile industry continued to play a leading role in the first quarter.
 
— Looking at key industries, all seven major industries achieved growth, and the modern industrial system featuring the "transformation of three traditional robust industries, advancement of four strategic emerging industries, and deployment of seven future industries" served as the backbone for Changchun's high-quality development.
 
— From the perspective of key products, their production performed well. Auto production increased by 22.1%, with sedan and SUV production rising by 40.7% and 16.5%, respectively. Production of new products grew rapidly, with the output of high-speed trains, urban rail vehicles, and electronic components increasing by 57.1%, 16.2%, and 15.2%, respectively.
 
Robust "Stabilizer" —
 
The service industry is the "stabilizer" and "booster" of the national economy. In the first quarter, Changchun's service industry achieved value added of RMB 94.21 billion.
 
— The wholesale and retail industries grew steadily, showcasing resilience amid recovery. In the first quarter, the value added in Changchun's wholesale and retail industries grew by 8%, with sales in wholesale and retail businesses above designated size growing by 3.1% and 14.4%, respectively.
 
— The accommodation and catering industries saw an accelerated recovery, while "cold" ice and snow resources turned into a "hot" economy. In the first quarter, the value added in the accommodation and catering industries grew by 9%, with revenues of accommodation and catering businesses above designated size increasing by 9.7% and 12.5%, respectively.
 
— The transportation, warehousing, and post industries were in steady operation, while the potential of air transport was unleashed. In the first quarter, the value added in the transportation, warehousing, and post industries grew by 5.2%.
 
— Driving by the extended Spring Festival holiday and other factors, the spillover effect of ice and snow tourism was evident, leading to a significant increase in travel intentions among residents. In the first quarter, road passenger turnover increased by 59.7% and air passenger throughput grew by 34.2%.
 
The snow-based economy showed rapid development.
 
— Other service sectors showed favorable growth, while modern services led the way. In the first quarter, the value added in other service sectors grew by 6.6%. In January and February, revenues of service industries above designated size grew by 18.7%, with revenues of key industries growing by 22%.
 
In addition, Changchun's construction industry also saw growth, with the output value of installation engineering increasing by 21%.
 
Stable "Foundation" —
 
In the first quarter, the "three driving forces" to stimulate national economic growth continued to gain strength.
 
— The consumer market continued to gain momentum. In the first quarter, the total retail sales of consumer goods in Changchun grew by 4.3%. Among them, retail sales of consumer goods above designated size increased by 6.5%, exceeding the national average.
 
— Fixed asset investment maintained steady growth. In the first quarter, the city's fixed asset investment increased by 6.9%, above the national average.
 
— Exports maintained rapid growth. In the first quarter, the city's total import and export volume reached RMB 32.78 billion, up by 26.5%. Notably, the total export volume reached RMB 8.08 billion, up by 27.9%. The export delivery value of industries above designated size grew by 21.1%.