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Soaring high: Retrospective of Jilin's economic development

Updated: May 27, 2022
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Glorious Changchun, graceful capital city of Jilin province [Photo provided to gojilin.gov.cn]

Jilin province in Northeast China has recorded sound economic growth over the past five years according to a range of economic indicators – including the speed of GDP growth, general public budget outlays, the added value of industries above a designated scale and fixed investment.

In 2021, the province's GDP increased 6.6 percent, the local fiscal revenue increased 5.4 percent and the growth rate of per capita disposable income of its residents kept pace with economic growth.

Last year, industrial investment in Jilin province increased 11.4 percent year-on-year, while the average growth rate in 2020 and 2021 was 46.1 percentage points higher than the same period in 2019. The recovery rate of industrial investment is said to rank first in the country.

Over the past five years, Jilin province has had a bumper harvest of grain production. In 2021, total output reached 40.39 billion kilograms and the growth rate ranked first among the top 10 grain-producing provinces of China.

Last year, the province announced its industrial spatial layout known as "One Main, Six Double" – the abbreviation of a series of plans – and it is set to promote the development achievements outlined for the 14th Five Year Plan period (2021-25).

A raft of major projects has started or completed construction in the province, including CNPC Jilin Petrochemical Co's upgrade project, with a groundbreaking ceremony held on Feb 8.

The development is a key project in the 14th Five-Year Plan period (2021-25) for the company's parent group – Beijing-headquartered national oil and gas producer China National Petroleum Corporation, or CNPC – and Jilin.

With a total investment of 33.9 billion yuan ($5.03 billion), the project is currently the largest industrial project being funded by a single group in the province, marking a new stage in the company's efforts to go green and low-carbon and expand its digital transformation and intelligent development.

On Feb 18, the Audi FAW new energy vehicle project was officially launched in Changchun. With a planned total investment of 35.8 billion yuan, the project is Audi's first production base in China dedicated to the production of pure electric vehicles.