THE city’s GDP reached 1.54 trillion yuan (US$231.62 billion) in the first three quarters of the year, an increase of 8.8 percent compared with the same period last year, according to statistics released by Shenzhen’s statistics bureau and confirmed by the Guangdong Provincial Statistics Bureau.

The growth is 1.9 percentage points higher than the national average.

The added value of key industries increased by 9.7 percent to reach 568 billion yuan, 3.1 percent higher than the same period last year and the biggest increase since 2012.

Among the high-end industries, the added values of advanced manufacturing and high-tech manufacturing reached 395.4 billion yuan and 367.5 billion yuan respectively, an increase of 12.6 percent and 12.4 percent over the same period last year.

The city spent more than 350 billion yuan in fixed assets in the first three quarters, an increase of 31.1 percent over the same period last year. The total retail sales of consumer goods between January and September reached 434.2 billion yuan, an increase of 9.1 percent and a new record since 2014.

Statistics from Shenzhen Customs show the city’s trade volume in the first nine months reached 1.96 trillion yuan, an increase of 6.4 percent. Export volume reached 1.17 trillion yuan, an increase of 5.9 percent, while imports reached 790.9 billion yuan, an increase of 7.0 percent.

Statistics show that emerging industries, the seven strategic industries and four future industries, and new business modes are the highlights of the economic growth in the first three quarters.

The added value of emerging industries reached 626.9 billion yuan, a year-on-year increase of 14.6 percent, 0.7 percentage points higher than the growth rate in the first half of the year, and 3.4 percentage points higher than the same period last year, accounting for 40.7 percent of the total GDP.

Among them, the added value of the new-generation information technology industry reached 302.9 billion yuan, an increase of 12.3 percent. The added value of the Internet industry increased by 20.9 percent to 74.2 billion yuan. The added value of the new materials, biological, new-energy, energy conservation, space and aviation, life health, robotics and wearables industries also maintained double-digit growth. (Han Ximin)