DALIAN CHINA  DALIAN CHINA
Dalian Economic Operation Recovered Steadily in the First Half of 2020
2020-07-27

Yesterday, it was learned from the Municipal Bureau of Statistics that in the first half of this year, the decline in major economic indicators in our city narrowed, the economic operation recovered steadily, and the overall social development was stable. According to the unified accounting of Liaoning Provincial Bureau of Statistics, in the first half of the year, the city's GDP was 315.5 billion yuan, down 3.5% from the same period last year at constant prices, 1.5 percentage points narrower than the first quarter and 1.9 percentage points lower than that of the whole country. The added value of the primary industry was 15.19 billion yuan, down 1.2%. The added value of the secondary industry was 126.58 billion yuan, down 0.5%. The added value of the tertiary industry was 173.72 billion yuan, down 6%, 0.3%, 2.5% and 0.6% narrower than the first quarter respectively.

 

Agricultural Production Declined Slightly and Meat, Eggs, Poultry and Milk Were in Sufficient Supply

 

In the first half of the year, the total output value of agriculture, forestry, animal husbandry, fishery and service industries was 39.54 billion yuan, down 1.2% from the same period of last year at comparable prices, a decrease of 0.8 percentage points from the first quarter. The sown area of vegetables and edible fungi in the city increased by 0.5% and the output increased by 0.5% over the same period last year. The total output of meat increased by 9.8%, the output of poultry eggs increased by 1.7%, the output of milk increased by 23.3%, and the output of poultry increased by 19.5%. Affected by the epidemic, the total output of local aquatic products decreased by 16.5%, of which mariculture decreased by 15.8%.

 

Stable Growth of Industrial Production, Key Industries Play a Prominent Role in Supporting

 

In the first half of the year, the added value of industries above designated size increased by 3% over the same period last year, 1.9 percentage points faster than the first quarter and 4.3 percentage points higher than that of the whole country. Private holding enterprises grew rapidly, with their added value increasing by 36.4%.

 

The petrochemical industry maintained a rapid growth, up 22.4% at comparable prices, pulling up the city's above-scale industries by 7.2 percentage points. The output of key petrochemical products such as primary form plastics, naphtha, fuel gas, crude oil processing capacity and refined terephthalic acid (PTA) increased 533.5%, 49.6%, 31.4%, 26.7% and 18.2% respectively year on year.

 

The livelihood security industry operated smoothly and the epidemic prevention material production industry achieved rapid growth. The added value of water, electricity and heat production and supply increased by 3.6% and 3.2% respectively. Textile industry related to the production of protective materials such as masks grew by 45.3%. The output of quick-frozen food, fresh refrigerated meat, non-woven fabrics (non-woven fabrics), edible salt, canned food, dairy products and other domestic products increased by 142.8%, 68.0%, 37.9%, 34.1%, 14.2% and 4.1% respectively year on year.

 

The Decline in Service Industry Narrowed, the Transportation, Storage and Postal Services Returned to the Same Level

 

In the first half of the year, the added value of the service industry was 173.72 billion yuan, 4.4 percentage points lower than that of the whole country. From January to May, the operating income of service industries above designated size reached 58.01 billion yuan, up 1.8% year-on-year, 4.1 percentage points higher than that from January to April, 10.5 percentage points higher than that of the whole province and 8.2 percentage points higher than that of the whole country.

 

Transportation, storage and postal services resumed their development, with operating income reaching 28.52 billion yuan from January to May, up 6.5% year on year. Among them, the water transportation industry realized operating income of 11.04 billion yuan, up 26.8% year on year.

 

Information transmission, software and information technology services are developing well. Online education, telecommuting and telemedicine became rigid demands during the epidemic, driving the rapid growth of telecommunications services. From January to May, the operating income of information transmission, software and information technology services increased by 8.9% year-on-year, of which the operating income of telecommunications, radio and television and satellite transmission services increased by 41.5% year-on-year.

 

The Decline in the Consumer Market Narrowed, the Number of Active Consumer Categories Increased

 

In the first half of the year, the city's total retail sales of social consumer goods decreased by 17.7% over the same period last year, a decrease of 7.8 percentage points over the first quarter. Sales and retail sales in the wholesale and retail catering industry were limited to 1.5% and 1% smaller than those from January to May.

 

More Categories of Consumer Goods Tend to be Active

 

Sales growth in 22 of the 27 categories increased from January to May. Among them, alcohol and tobacco, hardware and electricity, wood and products increased by 0.2, 1.8 and 15.9 percentage points respectively. Cosmetics and communication equipment changed from negative to positive, up 1.2 and 7.5 percentage points respectively. Books, newspapers and magazines, furniture, household appliances and audio-visual equipment, construction and decoration materials and mechanical and electrical products and equipment decreased by 17.6, 4.8, 4.5, 4.5 and 4.0 percentage points respectively. Judging from retail sales, the growth categories continue to increase, with construction and decoration materials and grain, oil and food categories turning negative into positive. The decline in 11 categories of commodities narrowed.

 

Investment Activities Gradually Resume Private Investment Tends to be Active

 

In the first half of the year, fixed asset investment fell 9.6% year-on-year, a decrease of 11 percentage points from the first quarter. Among them, real estate development investment fell 2.6% year-on-year, a decrease of 4.6 percentage points from the first quarter, accounting for 53.2% of the total investment. Private investment activities were relatively active, with private investment falling 6.8% year-on-year, 2.8 percentage points higher than the total investment, accounting for 74.2% of the total fixed asset investment, up 2.2 percentage points from the same period last year. Among key industries, private investment in business services increased by 76.5%, private investment in education increased by 69.4%, and private investment in real estate increased by 3.4%.

 

The Import and Export of Foreign Trade Declined Slightly, the Import and Export of Private Enterprises Increased Rapidly

 

Customs data show that in the first half of the year, the total import and export volume was 204.77 billion yuan, down 3.3% from the same period last year. Imports totaled 123.57 billion yuan, up 5.7%. Exports totaled 81.21 billion yuan, down 14.3%. Imports and exports of state-owned enterprises totaled 35.31 billion yuan, down 2.5% year on year. Foreign-invested enterprises imported and exported 75.13 billion yuan, down 25.3%. Imports and exports of private enterprises totaled 93.76 billion yuan, up 26%.

 

Consumer Prices Rise Moderately, Industrial Producer Prices Decline Year on Year

 

In the first half of the year, the city's overall consumer price level rose 3.1% year-on-year, down 0.1 percentage point from January to May. Among them, consumer prices rose 4.0% and service prices rose 1.4%. Among them, the city's consumer prices rose 2.3% year-on-year in June, an increase of 0.2 percentage points over May. The month-on-month decline was 0.2%.

 

In June, the ex-factory prices of industrial producers in the city fell 3.9% year on year and 0.6% month on month. The first half of the year fell 1.1% year on year. In June, the purchase price of industrial producers in the city fell 7.9% year on year and rose 2.1% month on month. The first half of the year fell 5.0% year on year.

 

Residents' Income Grows Faster than Economic Growth, Enterprises' Income Grows Positively

 

In the first half of the year, the per capita disposable income of urban and rural residents was 23,886 yuan and 11,745 yuan, up 2.3% and 6.8% respectively from the same period last year, 0.8% and 3.1% higher than that of the whole country. From January to May, the operating income of industrial enterprises above designated size increased by 0.2% year on year, achieving positive growth for the first time since this year, with an increase of 1.5 percentage points over January to April. Operating profit fell 42.5% year-on-year, a decrease of 19.6 percentage points from January to April.