Economic Overview - The GDP of Shangzhou District grew by 4.6% in 2024, with a further increase to 6% in the first half of 2025[2] - The contribution of the three industries to GDP in 2024 was 10.4% for the primary sector, 25.1% for the secondary sector, and 64.5% for the tertiary sector[2] - Fixed asset investment increased by 21.8% year-on-year in 2024, while real estate investment saw a significant decline of 21.1%[2] Fiscal Situation - The local general public budget revenue reached 55.746 million yuan in 2024, a growth of 5.84%, but tax revenue fell by 22.9% to 32.765 million yuan[3] - The general budget expenditure rose from 3.302 billion yuan in 2021 to 4.211 billion yuan in 2024, with a growth rate of 0.44%[3] - The debt balance increased to 8.345 billion yuan in 2024, representing 43.62% of GDP, which is 15 times the general public budget revenue[3] Industry Development - Shangzhou District is focusing on five key industrial clusters: new materials, green food, health medicine, cultural tourism, and building materials[1] - The new materials industry is prioritized, with a target to develop a high-end edible fungus industry base by 2025, aiming for 100 million bags[18] - The cultural tourism sector received 4.6433 million visitors in the first seven months of 2025, generating a total tourism revenue of 2.948 billion yuan[19] Risks and Recommendations - The district faces risks from national macroeconomic policy changes, economic slowdown, and challenges in industrial transformation[4] - Recommendations include focusing on industrial upgrading, enhancing technological innovation, and improving the investment environment[4]
陕西商州:打造五大产业集群,经济稳中有增
China Post Securities·2025-09-25 10:53