Regional GDP increased by 5.8% year-on-year, and emerging momentum is poised to rise In the first half of the year, Jiangsu’s economy moved forward steadily

The steel bridge deck pavement construction of the main channel bridge of Changtai Yangtze River Bridge is progressing in an orderly manner. Photo by Ji Haixin (Photo courtesy of Visual Jiangsu Network)the added value of the secondary industry reached 2,770.97 billion yuan, a year-on-year increase of 7.1 percentThe total retail sales of consumer goods in the province reached 2,417.84 billion yuan, a year-on-year increase of 4.9%Investment in fixed assets increased by 3.7 percent year-on-year, of which investment in manufacturing increased by 12.6 percentThe per capita disposable income of all residents reached 29,194 yuan, a year-on-year increase of 5.0%On July 24, the Jiangsu Provincial Bureau of Statistics released the economic operation data of our province in the first half of the year. According to the results of the unified accounting of the gross domestic product, the province’s GDP reached 6,332.63 billion yuan in the first half of the year, a year-on-year increase of 5.8% at constant prices. This growth rate is higher than the national average, which fully demonstrates the strong resilience and vitality of Jiangsu’s economy. Among them, the added value of the primary industry was 173.62 billion yuan, a year-on-year increase of 3.0%; the added value of the secondary industry was 2,770.97 billion yuan, a year-on-year increase of 7.1 percent; the added value of the tertiary industry was 3,388.04 billion yuan, a year-on-year increase of 4.8 percent.Jiangsu Province’s economy has handed over an eye-catching “report card”, and this “semi-annual report” shows many bright spots.Jiangsu’s emerging kinetic energy performance is outstanding, and the pace of structural upgrading is steady. In the first half of the year, the output value of the province’s high-tech industries and industrial strategic emerging industries accounted for 50.6% and 41.3% of the industries above the designated size respectively, an increase of 0.4 percentage points over the first quarter. The added value of the high-tech manufacturing industry above designated size increased by 8.9 percent year-on-year, 0.9 percentage points faster than that of the first quarter. The data shows that the added value of the core manufacturing industry of digital products and the added value of specialized and new “little giant” enterprises increased by 11.4% and 9.5% respectively, and the growth rate was higher than that of all industries above the designated size. The transformation and upgrading of traditional industries is also accelerating, and the investment in industrial technological transformation increased by 8.9 percent, of which the investment in new technological transformation projects started this year increased by 33.1 percent.The province’s economic operation has generally shown a steady and positive trend, and solid steps have been taken in high-quality development. Specifically, in the first half of this year, the added value of the primary industry was 173.62 billion yuan, a year-on-year increase of 3.0%, agricultural production was generally stable, and summer grain achieved a bumper harvest, with a total output of 14.304 million tons, an increase of 233,000 tons over the previous year and a year-on-year increase of 1.7%.Since the beginning of this year, the province’s secondary industry has also shown a strong growth momentum, with an added value of 2,770.97 billion yuan, a year-on-year increase of 7.1%. In the first half of the year, the added value of the province’s industrial enterprises above designated size increased by 8.6% year-on-year, of which the added value of the equipment manufacturing industry increased by 9.1% year-on-year, contributing 56.2% to the growth of the added value of all industries above designated size. The manufacturing of computers, communications and other electronic equipment, the automobile industry, and the railway and shipbuilding industry have also achieved rapid growth, becoming an important force driving the growth of the industrial economy.In terms of the tertiary industry, the added value in the first half of the year reached 3,388.04 billion yuan, a year-on-year increase of 4.8 percent. The steady recovery of the service industry has provided strong support for the growth of the tertiary industry. Among them, the added value of accommodation and catering, wholesale and retail trade, transportation, warehousing and postal services all achieved rapid growth. The producer services industry also showed a good growth trend, and the operating income of the producer services industry increased by 9.0% year-on-year.The performance of the consumer market is encouraging. In the first half of the year, the total retail sales of consumer goods in the province reached 2,417.84 billion yuan, a year-on-year increase of 4.9%. Driven by the trade-in policy for consumer goods, the retail sales of household appliances and audio-visual equipment above designated size increased by 11.0% year-on-year, and the retail sales of new energy vehicles increased by 35.5%, accounting for 31.0% of the retail sales of automobiles. This reflects the upgrading and transformation of Jiangsu’s consumer market, and also indicates the broad prospects of this market in the future.In terms of investment, Jiangsu’s fixed asset investment showed a steady growth trend, with a year-on-year increase of 3.7% in the first half of the year. Among them, manufacturing investment increased by 12.6 percent, 8.9 percentage points higher than the total investment. This reflects the strong development momentum of Jiangsu’s manufacturing industry, and it is also accumulating potential energy for subsequent economic development.The economy is stable and improving, and residents’ “money bags” are getting bigger and bigger. In the first half of this year, the per capita disposable income of all residents reached 29,194 yuan, a year-on-year increase of 5.0%. Among them, wage income, net operating income and net transfer income all achieved rapid growth. The per capita disposable income of urban residents and the per capita disposable income of rural residents also increased by 4.4 percent and 6.5 percent respectively.The relevant person in charge of the Jiangsu Provincial Bureau of Statistics said that on the whole, Jiangsu’s economy operated smoothly and steadily in the first half of the year, and the quality and efficiency of development were steadily improved. However, the current external environment is still complex and changeable, the effective market demand is still insufficient, and the foundation for economic recovery still needs to be consolidated. In the next stage, Jiangsu will continue to adhere to the general tone of seeking progress while maintaining stability, promote high-quality development, stimulate market vitality and endogenous power, and promote sustained and healthy economic development.Link >>>528 million passengersOn July 24, the reporter learned from the Provincial Department of Culture and Tourism that after comprehensive calculation, the province received a total of 528 million domestic and foreign tourists in the first half of the year, achieving a total tourism income of 638.829 billion yuan, an increase of 18.7% and 14.1% year-on-year respectively. Among them, 637 A-level tourist attractions, 195 key villages of rural tourism at or above the provincial level, 45 night-time cultural tourism consumption clusters at or above the provincial level and 84 museums included in the monitoring received a total of 513 million tourists, with a total tourist consumption of 212.217 billion yuan, an increase of 23.7% and 20.1% respectively on a comparable basis.UnionPay business data shows that in the first half of the year, the province’s UnionPay channel non-local cultural tourism consumption was 312.664 billion yuan, a year-on-year increase of 23.9%; It accounted for 24.9% of the province’s industry-wide non-local consumption, an increase of 6.24 percentage points year-on-year, and accounted for 10.1% of the country’s total cultural and tourism consumption, continuing to rank first in the country.According to the administrative approval data of the cultural and tourism market, as of the end of June, there were 33,285 business entities in the province’s cultural and tourism markets, an increase of 545 from the end of 2023. Among them, there were 92 new Internet access service business establishments, 277 new entertainment venues, 97 new Internet cultural units, and 79 new travel agencies.The recovery of the inbound tourism market has accelerated. In the first half of the year, a total of 3,762 POS machines, 173 foreign currency exchange points and ATMs were set up in the province. The 259 scenic spots above 4A level included in the monitoring in the province received a total of 1.0774 million inbound tourists, a year-on-year increase of 108.6%, of which the number of inbound tourists from visa-free countries increased by 162% year-on-year. From January to June, the province’s inbound tourism consumption was 11.73 billion yuan, showing a month-by-month upward trend. Inbound group tours in our province gradually recovered, and a total of 1,946 inbound groups were received in the first half of the year, a year-on-year increase of 281.1%.112,000According to the latest data from the Jiangsu Provincial Rural Property Rights Transaction Information Service Platform, there were 112,000 rural property rights circulation transactions in the province in the first half of the year, with a transaction amount of 12.41 billion yuan, ranking among the top in the country in terms of transaction scale. Among them, there were 32,400 transactions of rural land management rights (cultivated land management rights, aquaculture water surface management rights, and “four wilderness” use rights), with a transaction amount of 4.875 billion yuan and a circulating land area of 1.5462 million mu.From the perspective of price trends, in the first half of the year, the transaction price of rural land management rights in the province showed a steady and slightly declining trend. The average price of rural land management rights was 906.53 yuan/year/mu, an increase of 5.23 yuan/year/mu over the same period last year, an increase of 0.58% year-on-year, and a decrease of 1.44% month-on-month. Judging from the trend of the transaction price of cultivated land management rights, the transaction price in the first half of the year was 914.88 yuan/year/mu, an increase of 12.17 yuan/year/mu over the same period last year, an increase of 1.35% year-on-year, and a month-on-month decrease of 1.18%. From the perspective of trading areas, among the prefecture-level cities, the top three cultivated land transaction prices are Yancheng, Lianyungang and Xuzhou, which are 960.25 yuan/year/mu, 955.49 yuan/year/mu and 937.95 yuan/year/mu respectively. Among the counties (cities and districts), the top five cultivated land transaction prices are Gaochun District, Tinghu District, Sucheng District, Dafeng District, and Xiangshui County, which are 1042.44 yuan/year/mu, 1022.37 yuan/year/mu, 1012.89 yuan/year/mu, 1003.06 yuan/year/mu, and 997.24 yuan/year/mu, respectively.An increase of more than three percentSince the beginning of this year, Jiangsu’s trade with Africa has become increasingly frequent. According to statistics from Nanjing Customs, in the first half of the year, Jiangsu Province’s imports and exports to Africa were 97.43 billion yuan, a year-on-year increase of 30.3%.Kaibo (Changshu) Seat Machinery Parts Co., Ltd. is a specialized and special new enterprise engaged in the design, development, manufacturing and sales of automotive seat adjustment parts, and has been actively exploring overseas markets, and South Africa is an important stop for its products to go overseas. “In the first half of the year, we exported 222,000 car seat parts to South Africa. Obtaining AEO qualification has increased the market recognition of our products and allowed us to gain more trust from customers for new projects. Han Tingwen, the company’s customs engineer, said.On July 18, a batch of glycosylated hemoglobin detectors and test kits worth 700,000 yuan was successfully sent to Algeria by Wuxi Customs officers under Nanjing Customs. “We focus on the field of in vitro diagnostics of diabetes, and ‘miniaturize’ the huge laboratory testing equipment into a portable device the size of a mobile phone, which is accurate, convenient and cost-effective.” Liu Yan, general manager of the company, said that with the approval cycle further shortened from 2 to 3 days to 1 day, the order delivery cycle has also been shortened, which has helped the company further stabilize the source of new customers.At the same time, “Made in Jiangsu” daily chemical products have entered thousands of households in Africa. “The company’s orders in hand have been scheduled to November, and the export value in the first half of the year reached 3.71 million yuan, a year-on-year increase of 15%, and the products were sold to more than 10 countries and regions in Africa.” Huai’an Zongheng Biotechnology Co., Ltd. foreign trade manager Chen Caiming said.Growth of 6.4%The reporter learned from the Provincial Department of Transportation on July 23 that in the first half of this year, Jiangsu’s civil aviation transport market continued to improve, passenger and cargo transportation showed a positive growth trend, the scale of passenger transport hit a new high in the same period in history, and the cargo and mail throughput grew steadily.Specifically, in the first half of the year, the province’s 9 airports completed a total of 240,000 transport take-off and landing, passenger throughput, cargo and mail throughput, 29.966 million person-times, and 333,000 tons, an increase of 7%, 15.1%, and 18.3% year-on-year respectively, and the passenger throughput increased by 6.4% compared with the same period in 2019, a record high. Among them, the international and regional passenger throughput was 1.815 million person-times, a year-on-year increase of 142.2%, the international and regional cargo and mail throughput was 50,000 tons, a year-on-year increase of 23.5%, and the domestic cargo and mail transportation volume reached 283,000 tons, the highest value in the same period in the past three years. The province’s airports have newly opened or resumed 10 international passenger routes from Nanjing to Melbourne, Kuala Lumpur, Semporna, Caticlan, Wuxi to Tokyo, Jeju, Nantong to Phnom Penh, and a total of 40 international and regional passenger routes are flying; Two new intercontinental cargo routes from Nanjing to Luxembourg and Wuxi to Mexico and Nantong to Incheon international cargo routes have been opened, and 9 international cargo routes are flying in the province.