China Economic News in Brief

BEIJING, Jan. 16 (Xinhua) -- The following are some Chinese economic news items in brief:

SOUTH CHINA CITY GDP HITS 950 BILLION YUAN IN 2010

The economy of Shenzhen City, Guangdong Province, grew 12 percent in 2010 to 950 billion yuan (144.19 billion U.S. Dollars), according to statistics released at the city's municipal parliament session Sunday.

The south China export hub generated 204.2 billion U.S. dollars in exports in 2010, up 26.1 percent year on year.

Retail sales of consumer goods in the city last year reached 300 billion yuan, up 17.2 percent from 2009.

High-tech, financial, logistics and cultural industries accounted for more than 60 percent of the city's GDP.

NORTH CHINA CITY'S AEROSPACE INDUSTRY OUTPUT HITS 17 BILLION YUAN IN 2010

The output of the aerospace industry of north China's Tianjin City reached 17 billion yuan in 2010, soaring 50 fold from 2006. according to statistics released at the city's municipal parliament session Sunday.

Since 2007, Tianjin has invested 42.63 billion yuan in aerospace programs. The city has been developing passenger-aircraft, helicopter, unmanned plane, rocket and satellite technologies.

Tianjin's aerospace industry output is expected rise to 100 billion in 2012.

EAST CHINA PROVINCE INVESTS TO IMPROVE PEOPLE'S LIVELIHOOD

East China's Zhejiang Province spent more than 759.5 billion yuan to improve the well-being of local residents over the last five years, said Lu Zushan, governor of Zhejiang Province, at the provincial parliament session Sunday.

Zhejiang's investment in people's livelihood increased an average 21.1 percent annually in the 2006-to-2010 period.

The province is one of China's economic hubs. The provincial government's revenue in 2010 grew 16.3 percent.

NORTH CHINA REGION'S GDP PER CAPITA NEARS 7,000 USD

The gross domestic product (GDP) per capita of north China's Inner Mongolia Autonomous Region is close to 7,000 U.S. dollars, said Bate'er, chairman of the Inner Mongolia Autonomous Region, at the local parliament session Sunday.

Inner Mongolia, one of China's coal and steel production bases, enjoyed an average GDP growth rate of 17.6 percent per annum in the five years to 2010, with the region's GDP growing from 390.5 billion yuan in 2005 to 1.162 trillion yuan in 2010.