Changchun’s economic growth leads four major cities in Northeast China in H1

On July 31, the Eleventh Plenary Session of the 13th CPC Changchun Municipal Committee was held. In the first half of this year, Changchun’s GDP grew by 11.5 percent, fixed-asset investment increased by 15.1 percent, and local fiscal revenue surged by 30.7 percent, leading the four major cities in Northeast China. The economy continued to recover, maintained steady growth and became more resilient.

FAW Hongqi new energy vehicle factory with a total investment of 7.9 billion yuan officially went into service, BAIC Haoyue ecological town, BYD car battery and other projects worth more than 10 billion yuan were successfully signed, and a number of major projects such as the Northeast Asia International Expo Center and the overall relocation of CRRC Changchun Railway Vehicles Co speeded up construction progress. In the first half of the year, Changchun actively expanded effective investment, continued to deepen the “special task force for project progress”, implemented major projects guaranteed by municipal leaders, planned and constructed 1,315 projects worth more than 50 million yuan with a total investment of 1.4 trillion yuan, started and resumed 1,144 projects, 138 more than the same period last year, building a solid economic chassis.

Changchun took effective measures to make progress in industrial transformation and upgrading, supported FAW to develop into a world-class enterprise, promoted CRRC Changchun Railway Vehicles Co to be listed under the fifth batch of national manufacturing individual champion demonstration enterprises and put the sub-packaging workshop of COVID-19 vaccine into operation in only 95 days. In June, the output value of the city reached 2 billion yuan, and the annual industrial support of 10 billion yuan can be formed. Changchun also implemented ten actions for the development of the service sector, added 4 provincial-level modern service clusters and accelerated digital transformation. New business forms including online influencer livestreaming and cultural creation of film and television grew rapidly. In the first half of the year, Changchun’s equipment manufacturing industry increased by 11.9 percent, and the pharmaceutical industry grew by 70 percent.

During the period, Changchun speeded up innovation-driven development, made solid progress in building the State-level Regional Innovation Center and established an industry-university-research institute alliance with FAW, Jilin University, Huawei and the Changchun Institute of Optics, Fine Mechanics and Physics under the Chinese Academy of Sciences. A number of major innovation platforms including the Entrepreneurship and Innovation Ecosystem around Jilin University, Photoelectric Information Industrial Park, Changzhi Optical Valley Industrial Park, National Applied Chemistry Research Center, State Key Laboratory of Black Soil Conservation and Utilization and National Semiconductor Laser Technology Innovation Center accelerated construction progress. The Entrepreneurship and Innovation Demonstration Center in the Changchun New Area has been praised by the State Council for two consecutive years. 29“Jilin-1″ satellites have been operating in orbit, and Changguang Satellite Technology has become the only unicorn enterprise in Northeast China. 436 small and medium-sized technology companies were newly identified in the first half of the year. There are 36 listed enterprises in the city, including 29 A-shares, ranking first among the four major cities in Northeast China.

Meanwhile, Changchun promoted consumption replenishment and upgrade, carried out 140 promotional activities and issued sports and business travel consumption vouchers, driving over 1.5 billion yuan of consumption. The Changchun Ice and Snow Festival and the Jilin Snow Expo were successfully held, the Changchun Summer Art Festival was launched, and high-quality tourist routes such as “Urban Ice and Snow Route Tour” and “Summer Leisure Experience Tour” continued to heat up. In the first half of this year, Changchun received 55.56 million tourists and achieved total tourism revenue of 102.3 billion yuan, up 108.8 percent year on year.