The strategic goal for Nanning on the current stage is to make a frog leap style development in its modernization so as to build itself into an internationalized city and the best place in Guangxi. In 2012, Nanning accelerated the transformation of the economic development models and made new breakthroughs in economic development in a stable and scientific manner with the implementation of many relevant programs as the driving force.
Nanning’s economic development remained stable as a whole. Nanning’s GDP in the first 9 months of 2012 reached 162.595 billion yuan with an increase of 11.8% over the same period of the previous year (calculated at comparable prices). Despite the fact that such growth rate was 0.3 percentage lower than that in the first half of 2012 and 1.3 percentage lower than that in the same period of 2011, it was still 4.1 percentage higher and 0.6 percentage higher than that of China and of Guangxi respectively. Of this 162.595 billion yuan, the first industry reaped 17.673 billion yuan with an increase of 5.2%, the second industry, 61.535 billion yuan, up 17.5% and the tertiary industry, 83.387 billion yuan with the rise of 9%. The second industry was the biggest contributor to Nanning’s economic growth. Also in the first 9 months of 2012, the increment rate of the second industry stood at 18.5%, 6.7, 13.3 and 9.5 percentage higher than that of GPD, the first industry and the tertiary industry respectively. The contribution rate of the second industry to economic growth went up to 46.7% from 39% in 2011.
The industrial economy made a new step forward in its development. Nanning positively took different measures to maintain the stable growth, restructure the economic mix and transform the economic development model in 2012. As a result, Nanning maintained stable development in its industrial economy generally. In the first 9 months of 2012, the total industrial output value of the enterprises above the designated scale was 139.888 billion yuan, increased by 21.87%, ranking 5th in the 14 cities in Guangxi and 3.37 percentage higher than the average provincial rate.
Agriculture developed steadily. Nanning accomplished the increased income of farmers and the increased yields of agriculture in 2012 by improving the agricultural facilities, developing the modern agriculture, extending the standardized agricultural production and giving priority to the development of the distinctive and cutting-edged sugar cane, mulberry and silk worm, fruit and vegetables. In the first 9 months of 2012, the total output value of farming, forestry, husbandry and fisheries amounted to 30.614 billion yuan, representing an increase of 5.47% over the same period of the previous year (calculated at the comparable prices). A) The growing areas of grains and vegetables were enlarged with steady yield growth. In the first 9 months of 2012, the total growing area of grains and the total grain yield in Nanning was 227,900 hectares and 1.1695 million tons respectively, up 0.44% and 2.61% respectively. The growing area of vegetables and the total vegetable yield reached 174,700 hectares and 2.6821 million tons respectively, with an increase of 2.96% and 4.28% respectively. B) The total fruit yield grew fairly quickly. In the first 9 months of 2012, the total fruit yield hit 715,200 tons, increased by 9.46%. The yield of litchis reduced by 4.19% due to the bad weather while the yield of longans, mangos, grapes and bananas rose by 6.51%, 9.46%, 37.37% and 13.33% respectively. C) The yield of poultry rose steadily. In the first 9 months of 2012, 109.5849 million poultries were produced, rising by 3.5%. At the same time, the yield of poultry eggs also grew to 19,952 tons, up 7.74%. D) Good development momentum was maintained for fisheries. Measures like dredging and improving ponds, increasing water surface areas for aquaculture and developing cage culturing were taken to encourage aquaculture farmers. In the first 9 months of 2012, the aquaculture yield in Nanning stood at 138,900 tons with an increase of 6.61%. E) Special culturing picked up development speed. The special culturing of turtles, snakes, rabbits (for meat) and pigeons developed fairly quickly both in scale and in variety composition. More input was made from the perspective of science and technology and more profits were hence made. It thus became a new source of income for farmers. In the first 9 months of 2012, the yield of meat other than the regular meat like pork, beef, chicken and duck was 391 tons, with an increase of 19.6%.
Investment grew steadily. Nanning endeavored to beef up the development in modern industry, Wuxiang District, major infrastructure construction and people’s livelihood. Key projects were advanced, investment structure was improved and the investment scale was enhanced. In the first 9 months of 2012, the total fixed assets investment reached 157.064 billion yuan, with an increased of 27.71% and ranking first in Guangxi. It took up 18.55% of that of Guangxi, 0.19% higher over that of the same period of the previous year. Such growth rate was 1.2 percentage higher than that of Guangxi. The investment in the infrastructure construction and in innovation and upgrading grew at 19.62% and 38.38% year on year respectively and stood at 63.278 billion yuan and 39.689 billion yuan respectively. The investment in real estate development amounted to 23.247 billon yuan with a decrease of 13.37%. Also in the January-September period, the investment in industrial technical transformation and upgrading grew rapidly to 33.28 billion yuan, up 38.3%.
The consumer market developed steadily and the import and export trade grew rapidly. The growth of the consumer market in Nanning remained steady despite the unfavorable macro economy as a result of the thriving consumption during the 3 events of CAEXPO, CABIS and NIFSAF and the 2 holidays of the National Day and the Mid-Autumn Festival. In the first 9 months of 2012, the total retail sales of social consumption goods grew at 15.32% year on year to 89.56 billion yuan.
Fiscal revenue rose slightly. In the January-September period, Nanning fiscal revenue hit 29.651 billion yuan with the growth rate of 9.38% higher than 8.96% for the January-July period and 8.5% for the January-August period. The slow increment rate picked up slightly. The taxation revenue in the same period rose to 11.08 billion yuan at 13.09% year on year, 0.18 percentage higher than that in the January-August period. The expenses in livelihood continued to increase as demonstrated by the growth rate of 29.94% and 19.13% of the expenses respectively in health care as well as social securities and employment.
The urban residents’ income grew fairly rapidly and CPI rose stably. The average disposable income for urban residents in Nanning grew to 16,792 yuan at 12.3% year on year in the first months of 2012, 1.6% higher than that in the same period of 2011. The average cash income for farmers reached 7,445 yuan with an increase of 17.3%. CPI rose accumulatively by 2.9%, 0.2% lower than that of Guangxi. The price growth rate of different consumption goods, however, varied from each other.