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Liuzhou Nurtured New Economic Growth
Date:2015-11-30 By:GuiLi Li Source:Liuzhou Daily

Since this year, Liuzhou has employed modern service industry to stimulate economic growth in the new normal. It took some projects-driven, service-promoted and investment-motivated measures to nurture new economic growth point. As a result, tertiary industry has been upgraded and its quality and efficiency are improved.

According to Municipal Business Commission, the tertiary industry accounts for 34% of the regional GDP, increasing from last year’s 28.9%. This is an increase of 5.1 percentage point over the previous year. Its growth rate surpassed that of regional GDP with 4.3%. In this year, its growth rate has been higher than that of GDP for three consecutive quarters.

Liuzhou’s traditional and modern service industry have started to develop coordinately. The proportion of modern service industry in tertiary industry gradually increased.

Service quality guarantees fast development of tertiary industry. Municipal commence committee set up complete supervising system and major project office to cooperate with the owners of projects proactively, thus ensuring the implementation of projects. Also, Liuzhou Government will ensure land utilization. Municipal Land Department renovated house demolition system so that major projects can be completed as planned.

The tertiary industry showed stable development tendency. According to initial estimation, from January to November, the tertiary industry added value reached 50.677 billion yuan, increasing by 11.5% compared with the same period of last year. And the growth rate was up by 2.1 percentage point over the previous year and the first half of year respectively.

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