The Comprehensive Strength

In 2005 the GDP of Zhejiang province was 1336.5 billion RMB, with an increase of 12.4% over the previous year calculated at comparable prices. As one of the most vibrant and economically developed provinces, Zhejiang ranked the fourth on the economic volume in China. The added value from the primary industry was 87.3 billion RMB, an increase of 1.6%; the added value from the secondary industry was 714.7 billion RMB, an increase of 12.3%; the added value from the tertiary industry was 534.5 billion RMB, an increase of 14.9%, thus the structure changing from 7.0/53.6/39.4 of the previous year to 6.5/53.5/40 respectively. The per capita GDP of the province was 27552 RMB, with an increase of 10.8% over the previous year.
Main Indexes of National Economy of Zhejiang Province in 2005
Indexes Unit Achievements Increase by £¥ over 2004
GDP by Region 100 million RMB
13365 12.4
GDP per Capita RMB
27552 10.8
Total Investment in Fixed Assets 100 million RMB
6652 15.1
Total Retail Sales of Social Consumption Goods 100 million RMB
4632 14.2
Total Imports/Exports 100 million US$ 1074 26.0
Employment at the Year-end 10000 persons 3035 1.4

Agriculture

In 2005 the structural adjustment of agriculture in the whole province continued, and the agricultural production developed stably. The proportion between grain crops and cash crops changed from 52.4:47.6 to 53.2:46.8. The total grain output was 8.147 million tons, with a decrease of 2.4 % than the previous year. The total aquatic product output was 4.838 million tons, with a decrease of 2.0 %. The output of meat, eggs and milk continued increasing.

Industry

In 2005 the industry in the whole province continued growing rapidly under the circumstances of high growth. The industrial added value reached 634.3 billion RMB the whole year, with an increase of 12.9 %, among which the added value in the large-scale industries amounted to 490.5 billion RMB, with an increase of 18.1%.

The light textile is one of the mainstay industries in Zhejiang province, and its output and the capacity to earn foreign exchange through exports rank the first in China. The markets specializing in textiles involve all fields of textiles and have strong radiation ability and far-reaching influences. Zhejiang province has become the textile logistic center in China. The Light Textile City of China and the Cocoon and Silk Market of China are specialized markets, which are very influential in China.

The machinery industry is the number one industry in the whole province. With the construction of advanced manufacturing industrial basis as the center, its production value, sales income and tax payment rank the third in the machinery industries in China. The air separation equipment, the special industry steam turbines, the electric dust catchers, pneumatic ash devices etc are up to international advanced level and in leading position in China due to their technological superiority.

Zhejiang Province enjoys a complete category of products in building material industry. The industry of important raw materials, such as the traditional building materials and products, nonmetal minerals and its deep processing and inorganic nonmetals, as well as product industries develop stably. New materials are being developed rapidly.

As to the chemical industry, Zhejiang province has the largest base of international crude oil processing and product oil export, and fluorine chemical industry production base in China. The productivity and output of the glyphosate insecticides and dyes rank the first in Asia. Its production rate of the fine chemical industry is the best in China. Thus a distinctive modern industry system has been fundamentally formed with a variety of categories and complete industries.

As to the electronic industry, information industry in Zhejiang Province positively implemented the construction of ¡°the big information province strategy, the stress on software development, the integrated circuit industry and the promotion of digital Zhejiang¡± and ¡°the information industry base around Hangzhou-Bay¡±.

As to the medicine industry, Zhejiang Province has fairly strong capabilities for scientific research and technological development of medicine and production, as well as relatively perfect medicine circulating system. The main economic indexes, such as the total medicine production value, the export delivery value, and profits, remain the leading position in China.

The Tertiary Industry

The investment in real estate continued growing rapidly. The investment in the real estate development was 145.45 billion RMB the whole year, with an increase of 12.3% over the previous year.

The domestic trade and the market sales of the consumption goods increased stably. The total retail sales of social consumption goods reached 463.2 billion RMB the whole year, with an increase of 14.2% over the previous year, and of 13.2% if the price factor was taken into consideration. Among them, the retail sales of the urban consumption goods amounted to 304.7 billion RMB with an increase of 15.2%. The retail sales of wholesale and retail trade reached 402.1 billion RMB, with an increase of 14.1%. The retail sales of the catering trade was 53.32 billion RMB, with an increase of 17.8%. The retail sales of other trades reached 7.77 billion RMB, with an increase of 0.1%. In the sales of the wholesale and retail trade above the quota, the retail sales of the car and the communication equipment increased by 9.7% and 9.1%.

The tourism received 127.58 million person-times of domestic tourists, with an increase of 20.4% over the previous year. The income from domestic tourism was 124.0 billion RMB, with an increase of 22.4%. There were 3.48 million person-times of tourists from outside China, with an increase of 25.8%, among which 2.329 million was from other countries, with an increase of 31.1%, and 1.151 million was from Hong Kong, Macao and Taiwan, with an increase of 16.2%. The foreign exchange income from international tour was US$ 1.72 billion, with an increase of 32.0%. The total income from both domestic and international tourism was 137.88 billion RMB the whole year, with an increase of 23.0%.