Major projects in Guilin complete investment of more than $9b in H1


Updated: 2019-08-08


The Guilin government holds a press conference on its economic performance in the first half of 2019 on Aug 5. [Photo by Tang Mengxian/]

A press conference on Guilin's economic performance in the first half of 2019 was held by the municipal government on Aug 5, stating that the city's municipal-level projects completed an investment of 64.16 billion yuan ($9.1 billion).

Since the beginning of this year, Guilin has focused on major projects of over 100 million yuan and major industrial projects. The city selected 92 major projects with large investment volume, high strategic value, and widespread social impact. The investment in the annual plan of the 92 projects reaches 336.54 billion yuan.

In the first half of the year, 105 major projects in Guilin started construction and two major projects were completed, covering a total investment of 42.62 billion yuan. The projects involve multiple fields, such as transportation, energy, water conservancy, industry, tourism, and infrastructure construction.

By fully promoting the revitalization of industry in rural areas, as well as highlighting the construction of infrastructure, ecological civilization, and culture in urban and rural areas, Guilin's economy has performed well in the first half of 2019. According to preliminary statistics, in the first half of the year, Guilin's GDP increased by 6 percent, its fiscal revenue increased by 5.1 percent, its fixed asset investment increased by 9.6 percent, its added value of industries above designated size increased by 3.8 percent, and its total retail sales of social consumer goods increased by 8.9 percent. In addition, the per-capita disposable income of urban and rural residents increased by 7.9 percent and 10.2 percent respectively.