Shenzhen's GDP in the first three quarters of this year came in at about 2.3 trillion yuan (US$321 billion), up 3.3% year on year, according to data released by the Shenzhen Municipal Statistics Bureau on Saturday.
The secondary and tertiary industries’ added value in the first three quarters amounted to 836.46 billion yuan and 1.45 trillion yuan, up 5.2% and 2.2% from the same period last year, respectively.
The added value of industries above designated size in the first three quarters went up by 6.2% year on year. In terms of industry categories, the added value of automobile manufacturing, oil and gas extraction, special equipment manufacturing, and computer, communications and other electronic equipment manufacturing industries grew by 105.9%, 6.6%, 7% and 3.9%, respectively.
The output of high-tech products such as new energy vehicles, charging piles, 5G smart phones and civilian drones went up by 217.3%, 130%, 37.4% and 28.7%, respectively. The city’s fixed-asset investments reported a 12.1% increase year on year in the first three quarters, while investments in industries, manufacturing and real estate development went up by 35.1%, 27.2% and 8.7%, respectively.
Shenzhen’s total retail sales of consumer goods posted 707.96 billion yuan in the first three quarters, up 1.7% year on year.
Online retail sales of goods from enterprises above designated size went up by 19.2%.
In the first three quarters, the city’s consumer prices rose by 2.4% year on year, the same rate as that in the January-August period.
In addition, the city’s total imports and exports in the first three quarters reached 2.6 trillion yuan, up 3.9% year on year. Among them, exports reached 1.52 trillion yuan, up 12.9%, while imports reached 1.08 trillion yuan, down by 6.5%.
At the end of September, the city’s balance of RMB and foreign currency deposits at financial institutions (including foreign capital) was more than 12 trillion yuan, up 9.5% year on year. The balance of financial institutions’ domestic and foreign currency loans (including foreign capital) was 8.3 trillion yuan, up 10.2% year on year.