THE added value of Shenzhen’s industrial output, an important economic indicator, jumped 12% year on year in the first half of 2024, doubling the provincial growth rate, according to data from the Shenzhen Municipal Statistics Bureau.

Shenzhen’s economy achieved robust performance in the first half of 2024, with the city’s gross domestic product reaching over 1.73 trillion yuan (US$238.56 billion), marking a 5.9% year-on-year increase.

Shenzhen’s industrial sector has shown remarkable resilience and dynamism, with the added value of industrial enterprises above designated size — firms with 20 million yuan or more of annual revenue from main business operations — soaring by 12% year on year.

Within this sector, computer, communications, and other electronic equipment manufacturing industries witnessed an impressive 17% surge in added value.

The city’s commitment to high-tech innovation is also paying off, as indicated by the burgeoning robotics industry and significant production increases in key high-tech products.

In the first half of the year, Shenzhen saw substantial growth in the production of 3D printing equipment (up 83.3%), service robots (up 37.6%), and electronic components (up 29.1%).

Investment in Shenzhen’s future continues to be a priority, with fixed asset investment increasing by 8.9% year on year in the first half of the year, according to official data. Industrial investment stood out with 49.2% growth, driven by a 55.5% increase in manufacturing investment.

The high-tech industry also saw a significant boost, with high-tech manufacturing investment soaring by 69.3%, according to the statistics bureau. (Zhang Yu)