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The array of economic growth figures released at the recent Changchun Economic Work Conference indicates that the city is firmly on its way to rapid development.

In 2006, Changchun saw fixed asset investment reach 95 billion yuan, up 30 billion yuan, or 46.1 percent from a year ago. This growth rate is higher than that of the other 14 vice-provincial-level cities nationwide.

The investment structure has been markedly improved, with private investment growing 74 percent year-on-year and accounting for 65 percent of the total investment. Some 1,860 projects were launched last year, with 248 of them receiving capital of more than 100 million yuan each.

Another highlight of Changchun's economy last year was that its primary industry's share of the GDP (gross domestic product) was below 10 percent for the first time.

The total GDP of Changchun reached 193.4 billion yuan in 2006, up 14.5 percent on a yearly basis. The value of the primary, secondary and tertiary sectors stood at 19 billion yuan, 94.27 billion yuan and 80.13 billion yuan respectively, making up 9.8, 48.8 and 41.4 percent of the total. In addition, the local economic development zones realized an accumulated GDP of 100.5 billion yuan last year, crossing the 100-billion-yuan mark.

Changchun's Party Secretary Wang Rulin noted that the new ratio of the three sectors' contribution, especially the impressive speed of industrial growth, marks a milestone in the city's industrialization.

While the automobile industry continued to play a significant role in contributing to local economic growth, the agricultural product processing industry has grown into a new pillar with a 13.3-percent share of the Changchun's industrial output.

Despite rapid development, the automobile industry occupied only 68.5 percent of the city's total industrial production value last year, compared with 78.3 percent in 2004 when the sector's performance was foundering. Wang said the fact that Changchun has reduced its heavy reliance on the automobile industry will exert a far-reaching influence on its economic structure in which new industries are playing an increasingly important part. The photoelectric IT sector, in particular, is now confronted with both enormous opportunities and big challenges. If partners could be introduced to the sector this year, a favorable turn is expected to occur, Wang stressed.