THE city’s GDP increased by 8.1 percent in the first quarter of the year to 520.9 billion yuan (US$81.92 billion), compared to the same period of last year, statistics from Shenzhen Statistics Bureau showed Sunday.
The data that has been verified by Guangdong Statistics Bureau includes the 1.347 billion yuan GDP of Shenzhen-Shanwei Cooperation Zone.
In Q1, the added value to the service industry increased by 7.5 percent to 310.3 billion yuan and the industrial added value of enterprises above a designated scale increased by 8.9 percent to 185.2 billion yuan, 1.3 percent over the same period last year.
The city’s total retail volume of consumer goods increased by 9 percent to 133.2 billion yuan. Among which, the total sales volume of wholesale and retail businesses reached 118.1 billion yuan, an increase of 9.4 percent over the previous year. The retail volume of hotel and catering reached 15.1 billion yuan, an increase of 5.7 percent.
A survey showed the revenue of service businesses above a designated scale (excluding finance, property development, wholesale, retail, hotel and catering) was 154.8 billion yuan in January and February, an increase of 22.9 percent over the same period last year.
The revenue of Internet and related businesses reached 31.5 billion yuan, an increase of 37.9 percent, while the income of software and IT reached 22.5 billion yuan, an increase of 15.8 percent. The revenue of leasing and business services reached 20.4 billion yuan, up by 14.8 percent over the same period last year.
New industrial enterprises, wholesale enterprises and commercial enterprises above the designated scale in 2017 contributed a total of 121.5-billion-yuan added value to GDP growth, indicating newly emerged industries are becoming a new driver for economic growth.
The 5,330 enterprises in the strategic newly emerged industries, including new generation IT, high-end equipment manufacturing, low carbon, bio-pharmaceuticals, digital economy, new materials, and maritime economy, realized 196.5 billion-yuan of added value, accounting for 37.7 percent of the city’s total GDP in Q1.
The added value of new-generation IT, digital economy and high-end equipment manufacturing maintained a double-digit increase in Q1.
Fixed asset investment increased by 28.1 percent. Investments in infrastructure and industries increased by 17.5 percent and 16.1 percent, respectively.
Statistics showed the trade volume in Q1 reached 676.5 billion yuan, an increase of 21.7 percent over the same period last year. Exports increased by 7.9 percent to 358.6 billion yuan, and imports increased by 43.4 percent to 317.9 billion yuan.