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Kunming 2007 economic stats released: GDP up 12.5%

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Last week the Kunming Municipal Bureau of Statistics released its initial 2007 economic statistics for the city.

Here are some of the more noteworthy numbers:

• Gross domestic product (GDP) for Kunming during 2007 totaled 139.3 billion yuan – more than US$19.3 billion – an increase of 12.5 percent over the city's GDP in 2006.

• Consumer prices rose significantly, with the city's consumer price index (CPI) – a measure of price change among a basket of several common consumer goods – rising 5.8 percent over the year.

• Food prices exhibited the sharpest price increase, jumping an average of 13.9 percent from January to December.

• Fixed asset investment in Kunming last year totaled 81.8 billion yuan, an increase of 25% over 2006.

• Investment in the city's booming real estate sector reached nearly 22.2 billion yuan, a year-on-year increase of 21.1 percent.

• Retail sales in Kunming were up 17.6 percent in 2007, swelling to 56.9 billion yuan.

• Per capita disposable income within Kunming's urban areas grew to 12,083 yuan, up 6.1 percent over 2006.

• Kunming's rural net income was up 7.1 percent, with the average farmer outside of the city earning 4,003 yuan last year.

• Tourist visits to Kunming increased by 12 percent, with more than 25 million visits to the city in 2007.

• Kunming's total revenue from tourism in 2007 was 16.8 billion yuan, an increase of 8.0 percent over 2006.

• Domestic tourist visits to Kunming grew 12.4 percent last year, totaling 24.3 million visits.

• Kunming recorded 713,400 visits by foreign travelers, up only 0.8 percent over 2006.

Related articles:

China releases 2007 economic data:GDP up 11.4%

Yunnan food prices increasing

Kunming economy racks up strong first half growth

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It would be nice to edit this article such that Food prices, Per capita disposable income, and Rural net income were in consecutive order.

Then, it would be more obvious to the government that even with food prices increasing by 13.9 per cent, the per capita disposable income was still 12,083 yuan. And rural net income increased by only 7.1 per cent to an average of 4,003 yuan. Note; that's the average, and there are a few rich farmers out there.

Thinking about the GDP? Well, think about the dictionary meaning of gross: repulsively fat, indecent, and disgusting -- I have no argument with that.

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