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In 2023, Shanghai’s GDP will be 4721.8 billion yuan

According to the unified accounting results of the regional gross domestic product (GDP), Shanghai will achieve 4,721.866 billion yuan in 2023, an increase of 5.0% over the previous year at constant prices, according to the Shanghai Municipal Bureau of Statistics. By industry, the added value of the primary industry was 9.609 billion yuan, down 1.5%; The added value of the secondary industry was 1,161.297 billion yuan, up by 1.9%; The value added of the tertiary industry was 3,550.96 billion yuan, up by 6.0 percent.

Industrial production was stable, and key equipment manufacturing industries saw rapid growth

In 2023, the city’s industrial added value above designated size increased by 1.5% over the previous year; The total output value of industries above designated size was 3.939957 trillion yuan, down 0.2%. By industry, the total output value of the automobile manufacturing industry increased by 12.0%, the total output value of the electrical machinery and equipment manufacturing industry increased by 11.6%, and the total output value of the railway, ship, aerospace and other transportation equipment manufacturing industry increased by 14.6%. By product, the output of semiconductor memory disk increased by 1.0 times, and the output of 3D printing equipment increased by 29.4%.

In 2023, among the city’s industrial strategic emerging industries, the output value of the new energy automobile industry increased by 32.1% over the previous year, and the output value of the new energy industry increased by 21.3%.

The service sector grew rapidly, and the information, business and cultural services enjoyed good growth

In 2023, the added value of the city’s tertiary industry increased by 6.0% over the previous year. Of this total, the added value of the financial industry was 864.686 billion yuan, up by 5.2%; The added value of information transmission, software and information technology services was 473.203 billion yuan, up by 11.3%; The added value of the real estate industry was 355.518 billion yuan, down 0.3%; The added value of leasing and business services was 322.027 billion yuan, up by 8.1%; The added value of the transportation, warehousing and postal industries was 233.148 billion yuan, up by 15.6%; The added value of wholesale and retail trade was 509.452 billion yuan, up by 2.3%.

From January to November, the operating income of service enterprises above designated size in the city was 4,479.991 billion yuan, an increase of 2.5% over the same period last year. Among them, the operating income of information transmission, software and information technology services, leasing and business services, and culture, sports and entertainment increased by 17.7%, 12.4% and 31.6%, respectively.

The GDP of Wuhu City in 2023 is 474.107 billion yuan

According to the unified accounting results of regional GDP, in 2023, Wuhu City achieved a gross domestic product (GDP) of 474.107 billion yuan, calculated at constant prices, an increase of 5.7% over the previous year. Among them, the added value of the primary industry was 18.299 billion yuan, up by 4.1%; The added value of the secondary industry was 218.122 billion yuan, up by 5.9%; The added value of the tertiary industry was 237.686 billion yuan, up by 5.6%.

1. The situation of agricultural production was stable, and grain output repeatedly reached new highs. The total output value of agriculture, forestry, animal husbandry and fishery reached 33.296 billion yuan, an increase of 4.4% over the previous year. Of the major agricultural products, grain output was 1.416,200 tons, up by 1.4%; The output of vegetables was 1.8473 million tons, up by 3.2%; The output of aquatic products was 191,200 tons, an increase of 3.8%; The output of meat was 191,900 tons, up 3.9 percent.

Second, the industrial economy improved in quality and expanded in volume, and the leading industries grew rapidly. In the whole year, the city’s industrial added value above designated size increased by 6.5% over the previous year. Divided into three categories, the value added of mining fell 19.4 per cent, manufacturing increased 7.8 per cent, and electricity, heat, gas and water production and supply increased 1.4 per cent. Among the leading industries, the automobile and parts industry increased by 19.7%, and the electronic and electrical appliances industry increased by 12.7%, with growth contribution rates of 69.9% and 23.8%, respectively. The added value of high-tech manufacturing increased by 19.1%, 14.3 percentage points higher than that of the province.

In 2023, Wuhu’s industrial income above designated size will reach 727.254 billion yuan, an increase of 17.8%, ranking first in the province; The total profit increased by 24.7%, 17.6 percentage points higher than the province.

Source: DailyEconomic Anhui

Indonesia’s economy in 2023 is one of the best in the world

Bank Indonesia (BI) said the economic performance in 2023 was one of the best in the world.

The strong performance of the Indonesian economy also includes controlled inflation, rupiah credit, bank credit to 2023, growing 10.38% annually, and continued digital acceleration.

In 2023, the Indonesian consumer price Index reached 2.61%.

Optimism about the economic outlook for 2024 will improve, with economic growth of just over 5% this year.

Bank Indonesia has also ensured that the rupiah will remain stable and is leaning towards strengthening monetary stability policies.

In addition, Bank Indonesia will strengthen macro prudential policies that support or promote growth and ensure that bank liquidity is sufficient to improve credit lines.

We will make sure that bank liquidity far exceeds bank liquidity.

In cooperation with the Financial System Stability Board (KSSK), the government will ensure loan growth of 10-12% by 2024.