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Dongguan’s 2018 Goal: GDP Grow 8%, Strive to Exceed 800 Billion
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In the past 2017, Dongguan gave great support to a series of key tasks, which have helped to keep the whole citys economy stable and positive with several major economic indicators growing better than expected. 

On the fifth meeting of the 14th session of Dongguan Municipal Committee of the Communist Party of China, Liang Weidong, the mayor, concluded and analyzed the economic development situation of 2017 and made some work deployment for 2018. Liang Weidong said Dongguan would struggle to exceed 800 billion yuan and make the per capita disposable income of urban residents increase by more than 8.5% this year.

Several Economic Indicators Last Year were the Best in Recent Years

In 2017, Dongguan’s overall economic operation was stable and progressive, quality benefits continued to improve, many achievements were the best in recent years, handing over an outstanding transcript. It was estimated that the annual production value would be completed in 2017 and Dongguan would become one of the cities that generate a GDP of 700 billion yuan.

As a famous international manufacturing city, Dongguans industrial growth momentum last year was gratifying and the real economic vitality was further enhanced. The above-scale industrial value added of the whole year is 330.7 billion yuan, an increase of 10.6%. It comes to the second among the nine cities in the Pearl River Delta. Industrial enterprises above a designated scale have seen a significant increase in profits of 47.2 %. Industrial electricity consumption is 55.54 billion kilowatts-hour, an increase of 9.8%. The growth rate is the fastest of recent four years.

From the perspective of the "troika", the gross investment in fixed assets is 168.2 billion yuan, an increase of 11.3%, the fastest growth rate of nearly four years. The total import and export value exceeded 1.2 trillion yuan, an increase of 7%. Total retail sales of consumer goods amounted to 269 billion yuan, an increase of 10%.

From the perspective of economic structure, from last January to November, advanced manufacturing industry and high-tech manufacturing industry accounted for industrial value of 50.3% and 39%, increased by 0.7 % and 0.9% respectively, and economic kinetic energy conversion significantly accelerated. The proportion of general trade (including bonded logistics), high-tech products exports increased to 46% and 41.7%, increased by 6.6% and 2.3% respectively.

From the perspective of fiscal levy, the general public financial budget revenue of the city is 59.1 billion yuan, an increase of 11%; the national tax income is 150.6 billion yuan, an increase of 22.5%; the local tax income is 47.78 billion yuan, an increase of 22.4%. The balance of foreign currency deposits in financial institutions is 1.2498 trillion yuan, an increase of 8.3%.

From the perspective of market entity, the city's new registered market entities are 223,000, an increase of 28.3%, the total number of market participants has broke through the 1 million mark, staying stably in the top of the prefecture-level cities of the province.

The Significant Driving Effect of "Multiplication Plans"

Liang Weidong said that last year, Dongguan insisted on manufacturing industry, vigorously promoting the scale and benefit multiplication of key enterprises, fully implementing the "Real Economic Ten" policies of the provincial and municipal governments, and reducing the pressure of enterprises by 37 billion yuan for the whole year, achieving rapid development in industrial economy.

From the point of the development of pilot enterprises of "Multiplication Plans", the main business income of 214 municipal pilot enterprises is expected to exceed 360 billion yuan, an increase of more than 30%, and tax revenue reaches 8 billion yuan, an increase of more than 20%. Among them, there was a 31.4% increase in the main business income of the 195 industrial pilot enterprises with annual sales of over 200 billion yuan from January to November, 13.5% higher than the citys enterprises with annual sales of over 200 billion yuan averagely, with value-added growth of 17.6%, 7% higher than the city-wide average. In the pilot enterprises, there have been 7 new listed enterprises added.

In 2017, four of Dongguan's five pillar industries have achieved double-digit growth. According to the statistics, the added values of the paper making and paper products industry, food and beverage processing industry, electrical machinery and equipment manufacturing industry increased by 22.7 %, 11.1% and 10.4 % respectively from January to November last year. The growth rate of private foreign capital industries is also very gratifying. We can know from the data that the private industries’ value added increased by 19.7%, the average faster than the city 9.1%, the value added of the above-size private industries accounted for 42.8%. The value added of foreign capital industries grew by 4.8%, the fastest in nearly four years.

 “Cross-Border E-Commerce and modern logistics and other new formats and new modes have developed rapidly, said by Liang Weidong. In 2017, the new kinetic energy accelerated growth, 88.21million pieces of packets were delivered to all over the world, a growth of 24.3%, the total amount ranked fourth in the country. Dongguan-based enterprise chain stores exceeded 30,000, and the prosperity index is No.4 in the country. New registrations of new energy, bio-medicine, energy conservation and environmental protection and other emerging industry market players in the whole city are 8,065, an increase of 29.9 %, with a total amount of 27,000 households.

Innovation Resources Accelerate Gathering in Dongguan

The data also showed that Dongguans innovation-driven capability improved last year. Dongguan have climbed to the third place of the province because of the R&D investment have reached 2.5%. The amount of the citys high-tech enterprises increased from 2,028 to 4,077, and there were 2,400 new-added high-tech backup enterprises. Both of them are the first among the prefecture-level cities of the province. 2,004 industrial enterprises with annual sales of over 200 billion yuan established R&D institutes. 109 enterprises have been identified by the provincial engineering technology research center. The domestic effective invention patent quantity is 13,822 pieces, ranked first among the prefecture-level cities of the province.

Innovation resources gathered in Dongguan city. Liang Weidong introduced, in 2017, Dongguan provincial laboratory of material science and technology got into the first group of 4 laboratories to be launched in the province. There were 11 new national incubator training units in the city and 5 provincial innovation research teams. A prestigious graduate school was set up with Peking University, Tsinghua University and other 38 well-known universities and new research and development institutions.

In addition, the deep integration of science and technology finance industry has also promoted the development of industries in the whole city. Dongguan drives financial institutions to lend 26.81 billion yuan to high-tech enterprises, an increase of 37.0%. The enterprise research and development organization receives the provincial subsidy amounted to 620 million yuan all year, playing a sharp leading role in prefecture-level cities of the province. Domestic and foreign listed enterprises and the new third market listed enterprises respectively increased to 43 and 202, recorded registration fund increased to 387, so the financial support for science and technology has been enhanced.

 Accomplished to Invest 313.6 Billion yuan in Major Projects

On August 25, 2017, Dongguan Peoples Government and Jingdong Group signed a strategic cooperation agreement in Beijing in order to accelerate the launch of "Jingdong Urban Artificial Intelligence Industry New Town" project in Fenggang. In the past year, Dongguan has introduced the largest investment in Jingdong Urban Artificial Intelligence Industry New Town ,Violet Core Cloud Industrial City, Qingxi Science and Technology Eco-City as well as a number of major projects.

According to statistics, the city introduced 175 domestic projects whose scales are more than 100 million yuan, with an agreement amount of 119.46 billion yuan, an increase of 41.9%; 95 foreign capital projects whose scales are more than ten million US dollars, the amount of 2.9 billion U.S. dollars, further enhance the potential development power. The annual investment of major projects is 313.6 billion yuan, an increase of 16.9%, accounting for 119.6% of the investment plan. There are 36 municipal management projects listed in the provincial key construction projects, completed investment of 16 billion yuan, accounting for 113.8% of the investment plan.

Liang Weidong said in 2017, Dongguan has invested 82.3 billion yuan to promote the 85 major projects signed to start the full launch of the water pollution control battle. And the city would invest 33.8 billion yuan to control water poluution during the period of the XIII Five-year Plan”. Dongguan implemented the three-year promotion plan of urban quality, selected to start the first batch of 582 urban construction projects, and invested 188 billion yuan in these projects.

As for the real estate, Dongguan has made reasonable plans for the land supply, and supplied residential land in a variety of ways, established housing systems, such as security housing, talent housing and so on. A total area of 8.115 million square meters of the city's new commercial housing were signed online, with a decrease of 23.6% and the average price was 15,796.3 yuan per square meters, lower than that in October 2016. The residential homes reduce-inventory cycle of the whole city is about 10.9 months, and the reduce-inventory cycle of residential homes has gradually picked up, short supply has improved. The reduce-inventory cycle for non-commodity housing is at about 12.6 months, and the pace of inventory-reducing has accelerated markedly.

Insist on Manufacturing Industry to Develop Dongguan

 “The transformation of Dongguan has reached a critical point in a qualitative change, and a sense of crisis and urgency must be enhanced.” Facing the achievements of 2017, Liang Weidong believed that, if Dongguan wanted to deeply solve structural constraints of the industrial systems, limitations of the open modes, stalemate period constraints of the kinetic energy conversion, and win the battle of transition development, it needs to firmly grasp the fundamental requirements of high-quality development, adhere to take innovation as the primary driving force, persist the park in overall consideration as the core strategy, and take the advantage of reform and opening up.

Liang Weidong said Dongguan would work hard on six aspects this year: first is to insist on manufacturing industry to develop Dongguan, deeply implement "multiplication plans", pay more attention to cultivating pillar industrial clusters, actively build a full ecological chain of intelligent manufacturing and strive to promote the development of the real economy which takes advanced manufacturing as the core. Second is to create an innovative drive development upgrade version, and actively grasp Guangzhou-Shenzhen Expressway innovation belt with "1+1+11" model construction, accelerate the construction of Songshan Lake and Dongguan Binhaiwan New District, vigorously promote the planning and construction of Neutron Science City and the construction of Dongguan provincial laboratory of material science and technology, accelerate to become one of the innovation-oriented first-tier cities; Third is to firmly strengthen investment attraction and fixed assets investment, actively explore the disk live stock land, further enhance the potential development power; Fourth is to further promote the level of reform and opening up, enhance the vitality of the market entity; Fifth is to speed up the construction of beautiful Dongguan, push forward the fight against water pollution, work hard on the construction of infrastructure, such as Transit line R1, and promote the city's quality and connotation by improving the first degree of the central city, the urban renewal, TOD development, etc. Six is to promote the quality of education, health care, social security and other public services, accelerate the establishment of a multi-body supply, multi-channel security, rent and purchase housing system, so that the reform and development results can better benefit the public.

"GDP strives to break 800 billion in 2018." Liang Weidong suggested that in the New Year, Dongguan will increase its total output value by 8% and disposable income of urban residents by more than 8.5%.

 

 

Source: Nangfang Daily


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