Regional Economic News
*Gansu Province has further expanded its market demand in the first half of this year. With a pro-active fiscal policy implemented and favored by an agriculture situation basically stable, a steady growth in industrial production and a speedy increase in capital investment there has been brought about in the province a sound financial and monetary situation and a rising of stable market sales. By statistics, its GDP has reached 30.178 billion yuan for the first half of the year, an 8% increase over the same period of last year in terms of comparable price.
*Jilin Province has made a shift of its stress in developing an economy of industry to a raise of quality in the way greater economic benefits have been achieved. With a great effort made to speed up technological reform in the first half of this year, it has checked the downward trend in economic performance for 4 successive years and has come to develop with an economy with gathering momentum. The province has by its industrial production in the first six months of this year achieved an output value growth of 16.2% and a 64.1% rise of profits and taxes over the same period of last year. Thereby placing its economy among the country's top three from last year's 17th.
Economicnews 1999-08-02 Page1
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