Top Biz News

Heilongjiang economy on upward swing

By Te Kan (China Daily)
Updated: 2006-11-11 11:50

One of the old industrial bases in Northeast China, Heilongjiang Province has witnessed fast and sound economic and trade development in the first three quarters of this year.

Sources with the local government said that the province's gross domestic product (GDP) increased by 11.5 per cent in the first nine months of this year compared to the same period last year.

To be specific, the first three quarters witnessed an increase of 11.5 per cent, 11.4 per cent and 11.5 per cent respectively, compared to the same period last year.

Meanwhile, the province's fixed asset investments totalled 116.75 billion yuan (US$14.6 billion) during the period, an increase of 26.1 per cent over the same period last year.

In addition, Heilongjiang has so far realized grain output of 37.8 billion kilogrammes this year, a record high in the province's history, sources with the local government added.

In the first nine months, urban per capita income in the province also saw an increase of 11.7 per cent compared to the same period last year. And the rural per capita income increased by 6.2 per cent due to increased grain output.

Heilongjiang has also made great efforts in industrial development, with 322 infrastructrual projects in the Harbin-Daqing-Qiqihar Industrial Corridor having started construction by the end of August.

Development of the corridor, inaugurated last year by the Heilongjiang provincial government, is regarded as a "major effort" to better revitalize the old industrial base in the province.

The corridor centres on Harbin, capital city of Heilongjiang, and extends to two major cities of Daqing and Qiqihar and nearby areas.