Han Ximin

1824295095@qq.com

SHENZHEN’S economy remained stable and recovered momentum in the first four months of the year, with increasing industrial output, fixed asset investments, market sales and exports, a source from Shenzhen Statistics Bureau showed Monday.

The city’s GDP rose by 2% year on year in the first quarter (Q1) to 706.4 billion yuan (US$99.83 billion).

Between January and April, the added value of industries at designated and above level increased by 2.1% year on year. The added values of the production and supply of manufacturing, electricity, heating, gas and water increased by 1.4% and 24.4% year on year, data showed.

In other industries, the added value of auto manufacturing went up by 81.7%, the production and supply of electricity and heating up by 19.7%, and special equipment manufacturing up by 9.7%, data showed.

The city’s manufacturing industry is on track to become high-end, more intelligent and undergo green development. Statistics showed that the production of high-tech products kept rapid and sustained development, where the production on new energy vehicles and charging pole increased by 140% and 51.3%, respectively.

In terms of fixed assets investments, the input went up by 10.3% year on year. Investments in industries increased by 40.4% with investments in manufacturing up by 51.7% and investments in property development up by 19.1%.

Data showed that investments in the secondary industry increased by 40.5% and in the tertiary industry increased by 4.7% year on year. Investments in the high-tech manufacturing industry also saw an increase of 43.9%.

Investments in projects for people’s well-being like water conservation, the environment and public facilities went up by 43.8%; while investments in culture, sports and entertainment went up by 83.4%.

The total retail sales of consumer goods reached 315.2 billion yuan in the first four months, up by 13.5% year on year.