SZ economy continues recovery

Writer: Han Ximin  |  Editor: Zhang Chanwen  |  From: Shenzhen Daily  |  Updated: 2023-05-30

Shenzhen's economy remained stable and regained momentum in the first four months of this year, with industrial output and fixed asset investments experiencing consistent growth, data from the Shenzhen Municipal Statistics Bureau showed yesterday.

Between January and April, the added value of industries above designated scale increased by 2.1% year on year. The added value of the manufacturing industry and the production and supply of electricity, heat, gas and water increased by 1.4% and 24.4% year on year, respectively.

In other industries, the added value of auto manufacturing went up by 81.7%, and that of the special equipment manufacturing was up 9.7%, data showed.

In terms of fixed asset investments, its input went up by 10.3% year on year. Investments in industries increased by 40.4% with investments in manufacturing up by 51.7% and investments in property development up by 19.1%.

Data showed that investments in the secondary industry increased by 40.5% year on year. Investments in the high-tech manufacturing industry also saw an increase of 43.9%.

Investments in projects for people’s well-being like water conservation and public facilities went up by 43.8%; while investments in culture, sports and entertainment went up by 83.4%.

The total retail sales of consumer goods reached 315.26 billion yuan in the first four months, up 13.5% year on year.