The market consumption continued to improve and online retail maintained its vitality. In 2020, the total retail sales of consumer goods in Nanning City reached 218.036 billion yuan. The retail sales of urban and rural consumer goods in the whole city reached 198.296 billion yuan and 19.74 billion yuan respectively. The retail sales of commodities completed by trading units above designated size through public network in the city increased by 28.8% over the previous year.
In the city, investment in fixed assets stayed steady as a whole, and investment in high-tech industries grew rapidly. In terms of different fields, the industrial investment of the whole city increased by 8.1% in 2020. What is worth noting is that in 2020, the city's investment in high-tech industries increased by 29.7%.
The effect of fiscal tax reduction was outstanding, and the performance of financial credit was stable. According to the statistics of Nanning Finance Bureau, the fiscal revenue of the city reached 79.609 billion yuan in 2020. The general public budget expenditure was 81.986 billion yuan, an increase of 3.9% over the previous year. According to the statistics of Nanning Central Branch of the People's Bank of China, by the end of December 2020, the deposit balance of financial institutions in the city was 1,149.825 billion yuan, an increase of 7.3% over the previous year, of which the deposit balance of households was 441.535 billion yuan, an increase of 11.5%. The balance of loans from financial institutions was 1,586.884 billion yuan, an increase of 13.6%.