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Fujian's GDP expected to rise 8.5 percent in 2016

( chinadaily.com.cn )

Updated: 2016-01-12

Fujian Province is expected to post an 8.5 percent gross domestic product (GDP) growth in 2016, acting governor Yu Weiguo said at the 2015 work report at the fourth session of the 12th Fujian Provincial Committee of the Chinese People's Political Consultative Conference (CPPCC) on Jan 11.

During the past five years, Fujian maintained steady development. In 2015, Fujian's GDP topped 2.59 trillion yuan ($394.78 billion), a year-on-year increase of 9 percent.

2016 marks the beginning of China's 13th Five-year Plan (2016-2020) and the province forecasts an 8.5 percent growth in GDP this year.

Fujian will strive to achieve 8-percent growth in general public budget revenue, 16-percent growth in fixed asset investment, and 2.5-percent growth in total foreign trade value.

The urban unemployment rate is expected to remain at or below 4.2 percent while retail sales are expected to increase by 12 percent. The consumer price index is expected to grow less than 3 percent, but urban incomes will go up 8.5 percent and rural incomes, 9 percent.

Yu also said the provincial government will focus on industrial transformation, expansion of domestic demand, construction of modern agriculture, balanced development of rural and urban areas, further opening up, cross-Straits cooperation, ecology and people’s livelihoods.