xinhua silk road logo xinhua silk road logo
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

maritime silk road search
Special report

Economic and Social Development of Jiangxi Province

November 21, 2018


Abstract : Jiangxi's economy grew at a steady pace. In 2017 Jiangxi Province made coordinated efforts to insure growth, promote reform, restructure, improve ecological environment and people’s well-being and avoid diversified risks...

Jiangxi dev

General

Jiangxi's economy grew at a steady pace. In 2017 Jiangxi Province made coordinated efforts to insure growth, promote reform, restructure, improve ecological environment and people's well-being and avoid diversified risks, securing positive and steady growth.

In 2017, Jiangxi's GDP totaled RMB 2,081.85 billion, up by 8.9 percent over the previous year. The value added of the primary industry was RMB 195.39 billion, up by 4.4 percent; the value added of the secondary industry was RMB 997.21 billion, up by 8.3 percent; the value added of the tertiary industry was RMB 889.26 billion, up by 10.7 percent. The contribution rate of the primary, secondary and tertiary industries to the GDP increase was 5.0 percent, 47.0 percent and 48.0 percent respectively and the percentage of the three in total went from 10.3:47.7:42.0 the previous year to 9.4:47.9:42.7 this year. The per capita GDP was RMB 45,187, up by 8.2 percent. The completed investment in fixed assets of the whole province in 2017 was RMB 2208.53 billion, up by 12.1 percent over the previous year. The general financial revenue was 344.74 billion yuan, up by 9.7 percent.

Agriculture 

Jiangxi's agricultural production developed at a steady pace. Jiangxi's agriculture occupied an important position in China. Jiangxi is one of the two provinces continuously contributing grains to China's national granary without interruption since the founding of the New China. Ecological agriculture is promising. Green agricultural product is becoming an important growth point. In 2017, Jiangxi had 4,712 products certified as Safe Agri-product, Green Food, Organic Agri-product, and Geographic Indication of Agri-product, including 583 green foods, 1,707 organic agricultural products, and 78 geographic indications of agri-product, and created 44 national standardized production bases of the raw material source for green food. The total grain output was 21.271 million tons in 2017, the fourth highest in its history. Agricultural modernization was accelerated. There were 4,220 agricultural product processing enterprises above designated size, up by 23.4 percent over the previous year; the sales revenue was RMB 416.5 billion, up by 9.4 percent.

Industry

Jiangxi's industrial production was stabilized and improved. In 2017, all industrial enterprises achieved a total value added of RMB 811.92 billion, up by 8.8 percent over the previous year. The value added of industrial enterprises above designated size grew by 9.1 percent, 0.1 percentage point higher than the previous year. The value added of high-tech industry grew by 11.1 percent, accounting for 30.9 percent of the total of industrial enterprises above designated size, up by 0.8 percentage points. The value added of emerging industries grew by 11.6 percent, accounting for 15.1 percent of the total of industrial enterprises above designated size, up by 0.2 percentage points. All enterprises witnessed steady growth in profits. In 2017, industrial enterprises above designated size achieved a main operating income of RMB 3,558.51 billion, up by 11.1 percent.

Domestic Trade

Jiangxi's consumer market was brisk. In 2017, the total retail sales of consumer goods reached RMB 744.81 billion, up by 12.3 percent over the previous year; the retail sales in urban market reached RMB 616.73 billion, up by 12.3 percent; the retail sales of consumer goods in rural area reached RMB 128.08 billion, up by 12.1 percent. By sectors, the retail sales in wholesale trades reached RMB 108.60 billion, up by 13.6 percent; the retail sales in retail trades reached RMB 546.47 billion, up by 12.6 percent; the retail sales in lodging industry reached RMB 9.17 billion, up by 15.1 percent; the retail sales in catering industry reached RMB 80.58 billion, up by 8.3 percent.

Open Economy

Jiangxi's foreign trade saw a steady rise. In 2017, the total value of commodity imports and exports was RMB 302.00 billion, up by 14.5 percent year on year, of which the value of exports was RMB 222.26 billion, up by 13.3 percent; the value of imports was RMB 79.75 billion, up by 17.9 percent. The total value of general imports and exports was RMB 246.86 billion, up by 16.6 percent year on year, of which the value of exports was RMB 196.52 billion, up by 16.5 percent; the value of imports was RMB 50.33 billion, up by 16.7 percent. The total value of processing trade was RMB 52.97 billion, up by 5.2 percent year on year, of which the value of exports was RMB 24.39 billion, down by 9.1 percent; the value of imports was RMB 28.59 billion, up by 21.6 percent. The export structure has been consistently optimized. The value of exported mechanical and electrical products reached RMB 85.81 billion, up by 5.8 percent from the previous year.

Utilization of foreign investment was accelerated. In 2017, 495 new foreign-invested enterprises were approved, the amount of foreign direct investment actually utilized was USD 11.46 billion, up by 9.8 percent over the previous year; the amount of project funds from other provinces utilized was RMB 663.03 billion, up by 12.3 percent. By the end of 2017, Jiangxi had 66 foreign-invested enterprises invested by global top 500 and 148 enterprises invested by China top 500.

Outward investment cooperation was intensified. In 2017, 284 new project contracts in other countries were reached, up by 43.4 percent year on year; worth of the contracts reached USD 4.11 billion, up by 42.2 percent; a turnover of USD 4.26 billion was completed, up by 8.1 percent. China Jiangxi International Economic and Technical Cooperation Co., Ltd., Zhongmei Engineering Group and Zhongding International Construction Group Co., Ltd. continue to be listed on the ENR top 250 international engineering contractors.

Traffic

Jiangxi's transportation industry rose steadily. In 2017, highway mileage open to traffic reached 162,285 kilometers, 376 km more than the end of the previous year; among which the expressway mileage open to traffic reached 5,916 kilometers; the mileage of railways in operation reached 4,137 kilometers, 228 km more than the end of the previous year. The cargo traffic arrived at 1,543.53 million tons, up by 11.8 percent from the previous year; passenger traffic arrived at 629.972 million, up by 2.5 percent. Airport passenger throughput arrived at 141.55 million, up by 34.4 percent and that of Nanchang Changbei Airport topped 10 million. Jiangxi Air was established and Jiangxi finally has a local airline company.

Tourism

Jiangxi's tourism was accelerated further. In 2017, the number of domestic tourists reached 572.535 million person-time, up by 21.6 percent over the previous year; domestic tourism revenue reached RMB 643.51 billion, up by 28.9 percent over the previous year. The number of inbound tourists reached 1.889 million person-time, up by 3.9 percent; the foreign exchange income from international tours reached USD 630 million, up by 7.8 percent.

Finance

Jiangxi's financial market operated stably in general. By the end of 2017, the RMB deposits balance of financial institutions reached RMB 3,232.49 billion, RMB 343.48 billion more that at the beginning of 2017; by the end of 2017 the RMB loan balance of financial institutions reached RMB 2,571.26 billion, RMB 399.08 billion that at the start of the year. By the end of 2017, there were 39 enterprises listed in domestic securities exchange, among which 23 in main board exchange, 9 in SME board and 7 in NEEQ exchange.

Science and Education

Jiangxi's education developed fast. In 2017, the number of postgraduate students was 35,000 and 9,000 of which were graduating students; the number of students in regular institutions of higher learning was 1.048 million and 296,000 of which were graduating students; the number of students in universities and colleges of further learning was 0.14 million, 59,000 of which were graduating students; the number of students in regular senior high schools was 0.967 million, 302,000 of which were graduating students; the number of students in secondary vocational schools was 0.344 million, 0.106 million of which were graduating students; there was a number of 1.609 million children in kindergartens. There were 11,101 diversified private schools and a student population of 1.979 million. The technological innovation competence was further strengthened. By the end of 2017, there were 8 state-level engineering (technological) research centers, 300 province-level engineering (technological) research centers; 4 state-level key labs and 157 province-level key labs.

Culture, Public Health and Sports

Jiangxi's public cultural service level was raised. In 2017, Jiangxi had 82 art performance troupes, 118 cultural centers, 113 public libraries, 139 museums, 88 broadcasting and TV stations, 7.536 million wired broadcasting and cable TV users, and 6.46 million digital TV users. The comprehensive population coverage rate of broadcasting was 98.4 percent; the comprehensive population coverage rate of TV was 98.9 percent. Jiangxi's public health developed stably. By the end of 2017, there were 37,792 various medical and health institutions (including village clinic) and 236,000 health technical staff. The sports undertakings developed fast. In 2017, there were 129 youth clubs, 290 newly-built village-level farmers' sports and fitness projects and 11 town-level farmers’ sports and fitness projects.

(Source: Department of Commerce of Jiangxi Province)

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial