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Economic Structure

¡¾Industrial Structure¡¿

Encircling the "Turn crises into oppor tunities, leapfrog development ," Hang zhou acceler a ted industrial transformation and upgrading, aimed to establish a modern industrial system. In 2009, the realized valueadded of the primary industry was 19.025 billion yuan, up¡¡by 3.2% over the previous year at the comparable prices. The realized value-added of the secondary industry reached 243.489 billion yuan, up by 6.8%. The realized value-added of the ter tiary industry reached 247.352 billion yuan, up by 13.9%. The proportion of the three¡¡Industries had changed from 3.7%, 50.0%, 46.3% of the¡¡previous year into 3.7%, 47.8% and 48.5% respectively. The proportion of the tertiary industry was higher than the secondary industry for the first time.

¡¾Investment Structure¡¿

Hangzhou had further optimized investment structure. In 2009, Hangzhou invested 229.165 billion yuan in the fixed assets and 219.517 billion yuan in fixed assets above designated size, up by 15.7% and 16.6% over the previous year respectively. The investment of the primary industry was 0.313 billion yuan, up by 1.7%. The investment of the secondary industry reached 61.155 billion yuan, up by 7.2%. The investment of the tertiary industry reached 158.049 billion yuan, up by 20.8%. The proportion of fixed asset investment in 3 industries stood at 0.1:27.9:72.0. The investment becomes increasingly diversified. The private investment in fixed assets stood at 56.498 billion yuan, accounting for 37.9% of the city's total. A total of 73.102 billion yuan went to projects above 100 million, accounting for 33.3%.

¡¾Ownership Structure¡¿

In 2009, in the GDP of Hangzhou, the proportion of the public economy accounted for 35.5%. The non-public economy accounted for 64.5% of Hangzhou's GDP, of which the private and individual economic sectors accounted for 52.5%, increased 1.4 percentage points compared with the previous year.The civilian Economy has become the main force of economic development in Hangzhou. The annual tax revenue was 37.077 billion yuan, accounting for 36.4% of the city's financial revenue. The civilian economic accounted for more than 50% in commerce, industry and investment sectors.

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