Ming Wei Real Estate Investments

THE city GDP achieved a growth rate of 16.5 per cent, topping 88.68 billion yuan ($12.23 billion) in 2006, a 0.1 percentage point rise from the previous year and the highest growth since 2004.

The GDP maintained a steady increase with growth rate reaching 13.1, 13.8, 16.2 and 16.5 per cent in the four quarters respectively.

The primary industries realized added value of 2.267 billion yuan ($313 million), secondary industries 50.14 billion yuan ($6.92 billion) and the tertiary industries, 36.28 billion yuan ($5 billion) in 2007, up 4, 19.5 and 13.4 per cent respectively.

Industrial added value hit 47.19 billion yuan ($6.5 billion) and gross industrial output value 250.44 billion yuan ($34.54 billion), rises of 20.1 and 18.7 per cent respectively.

Actually utilized foreign capital topped $1.029 billion and introduced domesticly registered capital 2.19 billion yuan ($302 million), up 24.8 and 58 per cent.

Fiscal revenue reached 7.58 billion yuan ($1.05 billion), a 25.8 per cent rise over the previous year. Expenditures totaled 8.28 billion yuan ($1.14 billion), a 17.5 per cent increase.

Disposable per capita income of urban dwellers reached 19,290 yuan ($2,661), a year-on-year rise of 9.2 per cent. Per capita annual income of farmers and fishers was 7,622 yuan ($1,051), an 8.8 per cent increase.

About 19,320 new cars were registered last year, and so now there are 22.5 cars for every 100 households, rises of 22.8 and 28.6 per cent respectively.