Quake-hi buy cheap nfl jersey t Sichuan projects 2009 GDP growth at 9%
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Quake-hit Sichuan projects 2009 GDP growth at 9%Published: 19 Jan 2009 00:00:00 PST
Jan. 19, 2009 (China Knowledge) - Sichuan province, which was hit by a 7.8-magnitude earthquake last May, expects to see its GDP grow by 9% this year, said Governor Jiang Jufeng in his work report to the provincial people's congress in Chengdu on Jan. 15.

The province plans to complete 72% of the reconstruction work this year despite the negative impact of the global economic slowdown.

The provincial government also aims to create 620,000 new jobs for the local residents and expects a 10% growth in the disposable income of urban residents.

Jiang said the total production value rose 9.5% to RMB 1.25 trillion last year in China's southwestern Sichuan province. Meanwhile, the budget revenue for local finance rose 18.9% year-on-year to RMB 104.1 billion. Per capita income for urban residents grew 13.8% to RMB 12,633, while that for rural residents surged 16.2% to RMB 4,121 for rural residents.

After the earthquake on May 12, 2008, the growth rate of the province's GDP fell sharply to 4.6% in the second quarter from 14.5% in the first quarter. The GDP increased 10.1% and 9.5% in the third quarter and fourth quarter, respectively.

The devastating earthquake also dampened the development of the tourism industry, which suffered a revenue decline of 10.3% in 2008.

According to Jiang, this year the Sichuan provincial government will be engaged mainly in recovery work as well as boosting domestic demands, increasing residents' income and promoting the development of rural areas.

He also said that the central government will offer more preferential policies and funds to the backward western area to boost infrastructure construction for communications, energy and better living standards.



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