BAO’AN’S GDP reached 81.2 billion yuan (US$12.9 billion) in the first quarter, showing steady, rapid and healthy development momentum, according to a local government meeting May 3.

The figure ranked the district No. 4 among the city’s 10 districts and new areas. The added value of industries above a designated scale increased 8.9 percent to amount to 39.9 billion yuan in the first three months this year while fixed asset investment grew 42 percent, 13.9 percent higher than the city’s average, to top 17.1 billion yuan.

The rate of increase for retail sales of consumer goods exceeded that of GDP for the first time in three years to reach 9.2 percent, totaling 18.3 billion yuan.

The district’s top 100 industrial enterprises yielded a total added value of 21.4 billion yuan, up 25.7 percent over the same period last year and 16.8 percent higher than the district’s average. They paid a total of 4 billion yuan in taxes, up 20 percent, which is 7 percent higher than the district’s average.(SD News)