Qianhai saw robust economic growth in the first half of 2019, reporting double-digit growth in its main economic indicators, statistics released by the Qianhai authority showed at a meeting yesterday.
The added value of Qianhai-registered companies increased by 19.3 percent year on year in the first half of the year, while fixed assets investment grew by 23.2 percent. The actual use of foreign investment in the first six months reached US$2.53 billion, marking a 1.21 percent year-on-year increase. Qianhai also recorded growth of 10.1 percent in imports and exports in the first five months of the year.
Tian Fu, a member of the Standing Committee of the Shenzhen Municipal Committee of the CPC and director of the Authority of China (Guangdong) Pilot Free Trade Zone Qianhai and Shekou Area, attended the meeting, which was chaired by Du Peng, director of the Qianhai Cooperation Zone Authority.
Tian pledged to make more moves to meet the year-end economic growth targets.
He said more emphasis will be placed on institutional innovation and science and technology innovation, which are the two main engines for high-quality development in Qianhai.
Tian said Qianhai should also seize the opportunities created by Shenzhen-Hong Kong cooperation to push forward its development.
The Qianhai authority has rolled out a series of preferential policies, including an office rent subsidy, to attract more Qianhai-registered companies to return to the free trade area. Startup funds and housing and transport allowances are also being offered to entice more youths from Hong Kong and Macao to work and start businesses in Qianhai.
Du said more actions will be needed to create a world-class business environment for Qianhai companies and introduce high-end talents.