According to the Economic and Information Technology Commission of Yubei District, compared with the decline (7.1%) in the first quarter, the district's GDP reached 89.77 billion yuan in the first half of this year, with an increase of 0.3%, still ranking first in the city. The total output value and added value of industries above designated size increased by 4.3% and 6.5%, respectively, reversing the trend of 28 consecutive months of decline.
Thanks to the strong support of industry, financial industry, profit-making services, and non-profit services, the district's GDP growth has turned negative into positive, with a year-on-year increase of 0.3% and a total value of 89.77 billion yuan. Its GDP still ranked first in the city, and its growth rate ranking jumped from 6th place in the first quarter to the 3rd.
Significant economic indicators of the Yubei District were also satisfactory. Specifically, investment in fixed assets amounted to 65.79 billion yuan, up 1.9% and 4.2 percentage points higher than the first quarter; per capita disposable income of urban and rural residents rose by 5.3%, 3.5 percentage points higher than that in the first quarter; the total amount of deposits and loans increased by 13.8%, contributing 0.9 percentage points to GDP growth. At the same time, due to the profound impact of COVID-19, indicators such as total retail sales, total imports and exports, and general public budget revenue were still declining but were all considerably narrower than the first quarter. This fully shows that the economic vitality of the district is recovering at a faster pace. For example, in the first half of the year, the decline in total retail sales and total exports and imports were narrower 14.2 percentage points and 16.4 percentage points respectively than those in the first quarter.
The output value of enterprises above designated size in the district grew by 4.3%, 19.6 percentage points higher than that of the first quarter, and the added value of industries above designated size by 6.5%, 5.5 percentage points higher than that of the whole city, ranking the second in the city. The automobile output and electronic output were boosted by 12.7% and 2.3%, respectively. In emerging industries, 59 new projects were signed in this period, including Changan Software Center and Changan Kaicheng Automobile, attracting contracted investment worth 42.7 billion yuan. Of these, nine were industrial projects, with 17.5 billion yuan of contracted investment.