China's SW municipality posts double-digit GDP growth in 2005

The GDP of southwest China's Chongqing Municipality rose 11.5-percent year-on-year to 310 billion yuan (38.75 billion U.S. dollars) in 2005, the municipal statistics bureau said.

The growth rate was 1.6 percentage points higher than the national average, the bureau said in the latest report on the city's economic development.

It said the city's per capita GDP averaged 11,068 yuan (1,383 U.S. dollars) in 2005.

The primary industry reported 46.342 billion yuan (5.8 billion U.S. dollars) of added value, up 4.5 percent year-on-year.

Meanwhile, the added value of the secondary and tertiary industries stood at 125.832 billion yuan (15.7 billion U.S. dollars) and 134.736 billion yuan (16.8 billion U.S. dollars), respectively, in 2005, up 12.9 and 12.3 percent over the previous year.

Despite output declines from the automaking sector, Chongqing's manufacturing enterprises reported 71.636 billion yuan (8.9 billion U.S. dollars) of added value, up 17.1 percent year-on-year.

Joint-stock companies posted nearly 50 billion yuan (6.25 billion U.S. dollars) of added value in 2005, up 20.3 percent over the previous year.

Source: Xinhua



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