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Rapid Growth in Economy
www.odtn.com 2004-10-21 15:34:07

Between 1995 and 2002, the consumption, investment and export have seen a steady increase with the average GDP growth rate of 12.2%, the industrial added value 11.3%, the fixes assets investment of the whole society 14.5%.

The annual average growth speed of the main economic index is higher than that of the whole country and province. In 2002, Nanjing's GDP reached RMB129.5 billion, the industrial added value RMB49.8 billion, the fixed assets investment of the whole society RMB46.6 billion.

It ranks in the third place in local fiscal revenue, the fourth place in large-scale industrial production value, the fifth place in per capita GDP in the 15 sub-provincial level cities in China. Now it has developed a general industrial system featuring electronic and information, petrochemical and chemical and automobile manufacturing as the three pillar industries, together with 36 major industrial sectors, over 200 industrial categories and over 2,000 kinds of products.

It is the important comprehensive industrial base in East China. It ranks in the second position in the production capacity of the electronics and chemical industries in China, and in the fifth position in the industry of automobile manufacturing. Those industries play an important and supporting role in the national economy of the whole city with the industry tax up to 70% of the fiscal avenue.

The 3 pillar industries of petrochemical, electronic information and automobile manufacturing are playing a more prominent role, and 6 major industries of biopharmaceutical, machinery, iron and steel, food processing, textile and garments and new construction materials are developing fast.

Compared with the same kind of industries in the sub-provincial level cities, chemical industry 1st, electronic and information ranks 2nd, automobile manufacturing 3rd, machinery 5th.

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