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Added value of tertiary industry in Liuzhou first exceeds RMB 100 billion
 
Date:2018-01-21 By:Guili Su Source:Liuzhou Daily

The tertiary industry in Liuzhou shows a strong momentum of development. For the first time, the added value of it in 2017 exceeded RMB 100 billion, making a detail of RMB 107.35 billion, increased by 11% over the same period last year. The double-digit growth rate has maintained for 3 years.

The most intuitive economic change can be seen from the data. Last year, the share of tertiary industry in Liuzhou's GDP rose to 38.4%, with an increase of 0.7 percentage points from last year and an increase of 10 percentage points from 6 years ago. The contribution rate of tertiary industry to GDP is increasing year by year and has become the main force to drive the city's economic growth.

The quality should also be improved as the increase of quantity. Since implementation of the 13th Five-Year Plan, Liuzhou has made great efforts to optimize the layout of the tertiary industry, vigorously develop the modern service industry and promote the high quality and efficient development of it. "Cultivating Base of Service Industry" is one of the projects that have obtained obvious achievements. The newly added quota-above (above designated size) service enterprises in the city has increased by 182 only last year alone, of which the growth rate has also set a new historic record of the tertiary industry of Liuzhou.

The efforts made on the investment and the acquired achievements are also the embodiments of industrial structure optimization. Last year, Liuzhou City had planned a number of advantageous projects to carry out precision investment, and the city's commodity circulation had attracted available investment of RMB 10.3 billion from all over the country barring Liuzhou.

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