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SZ economy maintains recovery momentum

Writer: Han Ximin  |  Editor: Zhang Chanwen  |  From: Shenzhen Daily  |  Updated: 2022-08-31

Shenzhen's economy maintained a recovery trend, with the added value of industrial enterprises above designated size increasing by 5.3% year on year in the first seven months of this year, the Shenzhen Municipal Statistics Bureau said Monday.

Figures released by the bureau showed that the added value of the mining and manufacturing industries above designated size grew by 10.2% and 5.4% from a year earlier, respectively, while the production and supply of electricity, heat, gas and water dropped by 1.7%.

Among various industry sectors, the added value of automakers above designated size rose by 105.9% in the January-July period compared with a year earlier, while the petroleum and natural gas mining sectors registered a growth of 9.5%.

The production of high-tech products kept increasing, with the output of new energy vehicles, charging piles, 5G mobile phones and civilian drones up by 191.9%, 139.5%, 54.1% and 30.2%, respectively.

Fixed-asset investment, a gauge of expenses on items including infrastructure, property, machinery and equipment, increased by 13.8% year on year between January and July. Among which, investment in the manufacturing industry went up by 38.4%, while real estate investment increased by 10%.

From January to July, the total retail sales of consumer goods reached 533.43 billion yuan (US$77.31 billion), up by 0.6% year on year.

The city’s foreign trade increased by 1.8% to over 1.9 trillion yuan between January and July. Exports reached 1.08 trillion yuan, up by 7.9% year on year, while imports decreased by 5.3% to 822.12 billion yuan in the first seven months.

General trade increased by 1.7% and accounted for 50.7% of the total trade.