Economic overview of Baitang Town

In 2012, the town’s GDP was 1.262 billion yuan, including 285 million yuan for the primary industry, 672 million yuan for the secondary industry, and 305 million yuan for the tertiary industry; fixed asset investment was 332 million yuan; The tax revenue was 26.542 million yuan, of which 13.832 million yuan was local tax and 12.71 million yuan local tax. The balance of bank savings deposits at the end of the year was 551 million yuan. The per capita net income of farmers was 7532 yuan.

In 2013, the town’s GDP was 1.364 billion yuan, including 315 million yuan for the primary industry, 704 million yuan for the secondary industry, and 345 million yuan for the tertiary industry; fixed asset investment was 451.8 million yuan; The tax revenue was 31.297 million yuan, including 16.177 million yuan in local taxes and 15.12 million yuan in national taxes; the balance of bank savings deposits at the end of the year was 663 million yuan; the per capita net income of farmers was 8,163 yuan. In 2012, the town's total agricultural output value was 456 million yuan. At the end of the year, the town had 2 leading agricultural enterprises at or above the county level, 11 professional agricultural cooperative organizations, and 7,500 acres of cultivated land operated by foreign investors on a large scale.

In 2013, the town’s total agricultural output value was 495 million yuan. At the end of the year, there were 2 leading agricultural enterprises at or above the county level, 24 agricultural professional cooperative organizations, and 5 agricultural demonstration bases in the town. During the year, the town promoted 1,800 acres of high-standard farmland projects in Huangtang, Chetian, and Gaoqiao villages. The comprehensive development project of 10,000 acres of contiguous farmland in , Yanguang, Shuipei, Xinpi and Jiaomu villages has been basically completed. In 2012, the town's total industrial output value above designated size was 1.185 billion yuan, and the industrial added value was 260 million yuan. At the end of the year, there were 47 foreign-funded private enterprises in the town, 19 of which had investment scales exceeding 10 million yuan; 2 foreign-invested projects and 1 private-funded project were introduced throughout the year.

In 2013, the town’s total industrial output value above designated size was 1.641 billion yuan, and the industrial added value was 324 million yuan. 8 projects were introduced throughout the year, with contract utilization capital of 460 million yuan, and 5 enterprises were fully promoted to be completed and put into operation. At the end of the year, there were 53 foreign-funded private enterprises in the town, and 13 enterprises above designated size. Batang Town mainly constructs 4 tourism projects including Hongxing Tea Mountain Leisure Valley Project, Ping'an Mountain Eco-tourism Project, Gulan Garden Eco-tourism Area Project, and Yipin Yuquan Leisure Villa Project, with a total investment of 680 million yuan.

In 2012, the added value of the town's tertiary industry was 305 million yuan, and the Ping'an Mountain tourist attraction received a total of 100,000 tourists.

In 2013, the added value of the town’s tertiary industry was 345 million yuan.