Liuzhou is enjoying record economic growth on several fronts, including industry expansion, GDP growth and record investments.
On Jan 22, the Liuzhou Municipal Bureau of Statistics released national economic performance statistics for 2010 at the close of the 11th Five-Year Plan. Data shows that the city’s economic development achieved a number of breakthroughs in 2010.
For example, industrial output value stood at 265.26 billion yuan for 2010, up 31.5 percent over 2009. Accounting for nearly half of that value was auto industry output value, which reached 102.7 billion yuan with a total vehicle output of 1.437 million.
Statistical analysis shows strong economic performance in Liuzhou in seven sectors:
GDP growth: According to preliminary statistics, the local GDP of 126.03 billion yuan in 2010 was up 16 percent over that of 2009 calculated at comparable prices, and per capita GDP exceeded $5,000. Record fiscal revenues topped the 200 billion yuan mark at 201.18 billion yuan, an increase of 27.6 percent.
Expanding scale of industrial enterprises: The city reported that 125 industrial enterprises above designated size were welcomed in 2010. The number of Liuzhou’s enterprises with an industrial output above 100 million yuan increased by 60 to total 260 – up from 200 in 2009. The main business income for Dongfeng Liuzhou Motor scaled a new high of 10 billion yuan, becoming the fifth of its kind following Liuzhou Iron and Steel, SAIC-GM-Wuling, Liugong Group and Wuling Group. The total value of output for Liuzhou Iron and Steel Group Corp and SAIC-GM-Wuling Automobile Co Ltd exceeded 40 billion yuan, while that of Dongfeng Liuzhou Automobile and Liugong Machinery exceeded 10 billion yuan.
Automotive industry growth: The city’s automotive industry value topped 100 billion yuan, and production of various types of cars exceeded 1.4 million. The growth was driven by four major partnerships: SAIC-GM-Wuling, Dongfeng Liuzhou Automobile, FAW Liute and Liuzhou YunLi Special Purpose Vehicles under Sinotruk. The development of the auto industry in Liuzhou hit a new high. Its annual output value exceeded 100 billion yuan, up 102.7 billion yuan, ranking No 1 in Liuzhou and No 2 in Guangxi autonomous region as an industry with an output value of more than100 billion. Vehicle production achieved new breakthroughs after topped the one million mark in 2009 by exceeding 1.3 million and reaching 1.364 million yuan, an increase of 15.3 percent. Production for all kinds of automotive vehicles broke the 1.4 million mark to hit 1.437 million, an increase of 15.5 percent.
High-tech and industrial park growth: Liuzhou reported record growth from the city’s high-technology and traditional industry parks. The Liuzhou High-tech Development Zone was upgraded to a national level high-tech zone. Above-scale industrials in six industrial parks under key monitoring achieved an industrial output value of 77.37 billion yuan, an increase of 47.0 percent (13.7 percentage points more than the city's above-scale enterprises). The industrial output of Yang He New Industrial District exceeded 20 billion yuan to reach 21.5 billion yuan, an increase of 47.8 percent. The park ranks among the top three in economic scale among industrial parks in Guangxi.
Steel and rolled steel production: Steel and rolled steel production exceeded 10 million tons, with steel production reaching 10.037 million yuan tons and rolled steel production 10.466 million yuan tons. Liuzhou Iron and Steel reported a steel production capacity of 10 million tons.
Expanding fixed asset investments: Total fixed assets investment broke the 100 billion yuan mark to reach 100.513 billion yuan, up 47.4 percent over 2009. Urban fixed asset investments stood at 92.985 billion yuan, an increase of 45 percent.
Accelerated county economic growth: GDP in Liuzhou’s six counties reached 39.404 billion yuan, up 15.2 percent over 2009. Above-scale industrial output value reached 35.213 billion yuan, an increase of more than 35.6 percent. Total fixed assets investments increased 52.15 percent to 44.592 billion yuan. Fiscal revenues from the six counties reached 2.63 billion yuan, up 31.96 percent year-on-year.