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City's industrial added value rises by 5.6% Jan.-Nov.

Writer:   |  Editor: Zhang Chanwen  |  From: Shenzhen Daily  |  Updated: 2022-12-26

The city’s added value of industrial enterprises above designated size increased by 5.6% year on year between January to November this year, data from the Shenzhen Municipal Statistics Bureau showed.

In November, the city took further measures to stabilize the economy and sustained its recovery and growth momentum, the bureau said.

Industry has played an indispensable role in stabilizing the city’s economy, and the city’s industrial output has risen steadily.

The added value in sectors such as automakers above designated size went up by 110.1% year on year, while fuel and natural gas went up by 10.1%. In China, industrial enterprises above designated size refer to companies with an operating revenue of at least 20 million yuan (US$2.79 million) a year.

Fixed-asset investment from January to November rose by 7.1% year on year, while industrial investment showed robust growth at 22.5%.

The total retail sales of consumer goods from January to November reached 884.11 billion yuan, up by 2.3% year on year.

The city’s foreign trade grew 4.7% year on year to 3.3 trillion yuan in the 11 months of the year. Exports reached 1.97 trillion yuan, up by 15.2% year on year, while imports dropped by 7.8% to 1.3 trillion yuan.

The city’s consumer price index (CPI) from January to November increased 2.3% year on year.