The regional gross domestic product (GDP) of Zhanjiang reached 310.02 billion yuan ($47.94 billion) in 2020, a year-on-year increase of 1.9 percent, according to the government work report released at the eighth session of the 14th Zhanjiang Municipal People's Congress on Jan 29.

The eighth session of the 14th Zhanjiang Municipal People's Congress kicks off at the Zhanjiang International Convention and Exhibition Center on Jan 29. [Photo/WeChat account: gh_af724c75e13a]

The added value of industrial enterprises above designated size in Zhanjiang saw a year-on-year increase of 5.4 percent in 2020 to 63.99 billion yuan, while that of the agricultural industry was 63.83 billion yuan, increasing by 0.2 percent year-on-year.

An industrial enterprise above designated size refers to one that has an annual operation revenue surpassing 20 million yuan.

Zhanjiang's total retail sales of consumer goods in 2020 stood at 163.88 billion yuan, while its general public budget revenue totaled 13.78 billion yuan, an increase of 5 percent compared to that of the previous year.

The total number of newly-registered market entities in Zhanjiang in 2020 was 56,500, a year-on-year increase of 9.4 percent. Various policy measures helped enterprises in Zhanjiang cut taxes and administrative fees of nearly 5.08 billion yuan.

The total volume of foreign trade in Zhanjiang was 44.24 billion yuan in 2020, a year-on-year increase of 6.7 percent. The foreign investment in actual use totaled $369 million yuan, increasing by 56.4 percent from the previous year.

The fixed-asset investment of Zhanjiang in 2020 exceeded 110 billion yuan. More than 70,000 urban jobs were created in the city last year.

In addition, Zhanjiang made brilliant achievements during the 13th Five-Year Plan (2016-20).

It achieved an average annual GDP increase of 5 percent over the last five years, while the average annual growth rate of the added value of industrial enterprises above designated size was 5.9 percent.

The fixed-asset investment has surpassed 100 billion yuan for five consecutive years, with an average annual increase of 5.3 percent.

The average annual growth of foreign trade volume in Zhanjiang was 6.8 percent, while that of the total retail sales of consumer goods and the general public budget revenue reached 6.5 percent and 3.3 percent respectively.

Per capita disposable income in Zhanjiang saw an average annual increase of 8.5 percent over the past five years.

Zhanjiang has made the list of China's top 100 strongest cities for two consecutive years.