This year, Changchun took the lead in stabilizing and kick-starting Northeast China's economicrise.
The region's economy has recently experienced difficult times. But Changchun, as the capital ofJilin province, has been active in pushing for-ward its industrial transformation and upgrade.
Strong economic growth is helping the city to regain confidence in its pursuit of happy lives for itscitizens.
In the first three quarters of this year, Changchun's GDP increased by 7.3 percent. Among foursub-provincial level cities in Northeast China, Changchun ranks first in the amount of completedindustrial investment and in the growth rate of that investment.
China Railway Rolling Stock's subsidiary, Chang-chun Railway Vehicles, is a good example ofChangchun's recent economic transformation. According to the city government's informationoffice, it is the world's largest high-speed train manufacturing base. In the first half of this year, thecompany report-ed pre-tax profit of 3 billion yuan ($434.64 million), an increase of 14.9 percentyear-on-year.
The Changchun-Manzhou-li-Germany international freight train route started operation in Augustlast year, establishing a new transportation link to Europe. As a result, in the first half of this yearChangchun's exports to the continent increased 20.05 percent year-on-year.
Meanwhile, the successful launch of the Jilin-1 Earth-observing satellites symbolizesChangchun's important advance in commercializing and industrializing space sensing.
Another example of the region's progress can be seen in FAW Group's innovative product,research and development renewal program. In the first half of the year, the company ranked firstin speed of growth among the four biggest Chinese automobile groups.
Changchun's equipment manufacturing industry has developed at a steady pace, according tothe city government's information office.
The city's economy has three pillar industries: automobiles and auto parts, railway and trains, andagricultural products. It is also working on five emerging industries: biomedicine, photoelectricinformation, advanced equipment manufacturing, new energy and new materials.
The private economy has been a major contributor to the city's economic transformation andupgrade. In the first half of the year, private investment in the city com-prised 79.8 percent of allinvestment, 8.8 percentage points higher than the same period last year.