Shenzhen's main economic indicators maintained growth in the first two months of this year, according to the latest data released Saturday by the Shenzhen Municipal Bureau of Statistics.
Among the indicators, the added value of industries above designated size increased by 1.2% year on year.
In terms of industry categories, the added value of mining and manufacturing increased by 19.7% and 0.7% respectively, while the production and supply of electricity, heat, gas and water decreased by 3.4%.
Among the pillar industries, the automobile manufacturing industry grew rapidly, with its added value increased by 54.5%. The output of main high-tech products increased as well, among which the output of new energy vehicles, charging poles, 5G smartphones and 3D printing equipment increased by 234.9%, 143.0%, 31.1% and 17.6%, respectively.
From January to February, the city’s fixed asset investment decreased by 0.4% year on year.
Investments in real estate projects increased by 0.2%, while those in nonreal estate development projects decreased by 0.9%, where manufacturing investment went up by 12.2% and infrastructure investment went down by 13.7%.
Investments in information transmission, software and information technology increased by 87.1%, health and social work increased by 55.2%, and production and supply of electricity, heat, gas and water increased by 43.9%. Industrial investment increased by 15.8%.
Driven by the Spring Festival holiday, Shenzhen’s consumer goods’ total retail sales in the first two months of this year reached 151.584 billion yuan (US$23.81 billion), up 2.3% year on year.
In the first two months of this year, Shenzhen’s foreign trade performed well and its imports and exports continued to grow. The total import and export volume was 506.78 billion yuan, up by 3.1% year on year.
Exports reached 287.71 billion yuan, up by 3.1% and imports reached 219.07 billion yuan, also up by 3.1%.