As a large city with a GDP exceeding 3 trillion yuan, every move in Shenzhen’s economic development has attracted much attention from the outside world.
According to the latest data released by the Shenzhen Bureau of Statistics, according to the unified accounting results of Guangdong Province’s GDP, Shenzhen’s GDP in the first quarter of 2024 was 831.498 billion yuan, a year-on-year increase of 6.4%.
Among them, the added value of the primary industry was 498 million yuan, a year-on-year increase of 0.6%; the added value of the secondary industry was 281.232 billion yuan, a year-on-year increase of 10.3%; the added value of the tertiary industry was 549.768 billion yuan, a year-on-year increase of 4.5%.
In the first quarter, the added value of industries above designated size in Shenzhen increased by 11.5% year-on-year, an increase of 7.0 percentage points from the same period last year.
The added value of the manufacturing industry above designated size increased by 11.8% year-on-year, and the high-tech manufacturing industry increased by 13.1%.
Industries and products representing new productivity performed well. Among the major industry categories, the added value of the pharmaceutical manufacturing industry above designated size increased by 24.1%, and the computer, communications and other electronic equipment manufacturing industry increased by 16.7%.
The output of major high-tech products continued to grow rapidly. Among them, the output of 3D printing equipment, electronic components, and service robots increased by 62.9%, 72.0%, and 45.6% respectively.
It is worth noting that in 2023, Shenzhen\’s total industrial output value and industrial added value will achieve the \”double first\” among national cities for two consecutive years.
In the view of industry insiders, developing new productive forces and optimizing and upgrading the industrial structure is the key to the problem.
In this regard, in the first quarter of this year, Shenzhen\’s \”28\” industrial cluster version 2.0 was launched to improve and upgrade the \”28\” industrial cluster system and point the way for the development of new quality productivity in Shenzhen.
Subsequently, Shenzhen intensively launched high-quality development policies and measures to promote cross-border integration of high-end equipment industry clusters, ultra-high-definition video display industry clusters, new materials industries, and \”fashion new products.\”
Fixed asset investment can play a positive role in stabilizing expectations and strengthening confidence.
In the first quarter of this year, fixed asset investment in Shenzhen increased by 17.0% year-on-year, 4.0 percentage points faster than from January to February.
In terms of industries, investment in the secondary industry increased by 80.1%, and investment in the tertiary industry increased by 3.0%.
Among them, industrial investment grew strongly, up 80.1%.
Looking at different fields, manufacturing investment played a significant role in driving investment, with an increase of 88.6%.
Investment in high-tech industries was active, with investment in high-tech manufacturing growing by 106.1%, of which investment in electronics and communications equipment manufacturing increased by 111.1%.
Since last year, consumption recovery in Shenzhen has been strong, especially since Shenzhen and Hong Kong fully resumed customs clearance, and citizens of Shenzhen and Hong Kong have become more frequently communicating with each other.
In 2023, Shenzhen officially joins the \”Trillion-RMB Consumption City Club\” and becomes the fifth trillion-yuan consumption city in the country and the second trillion-yuan consumption city in Guangdong Province. This is a milestone node in the history of Shenzhen\’s consumption.
In the first quarter of this year, the total retail sales of consumer goods in Shenzhen was 246.384 billion yuan, a year-on-year increase of 4.3%.
In terms of consumption types, retail sales of goods increased by 4.5%; catering revenue increased by 2.4%.
In the first quarter, Shenzhen’s total import and export volume was 1,020.288 billion yuan, a year-on-year increase of 28.8%.
Among them, exports were 642.437 billion yuan, an increase of 28.2%; imports were 377.851 billion yuan, an increase of 29.9%.
Among them, the import and export of general trade increased by 42.7%, accounting for 57.1% of the total import and export, and the proportion increased by 5.5 percentage points compared with the same period last year.
As of the end of March, the domestic and foreign currency deposit balance of Shenzhen financial institutions (including foreign capital) was 13,723.242 billion yuan, a year-on-year increase of 6.0%.
The balance of domestic and foreign currency loans of financial institutions (including foreign capital) was 9.596774 billion yuan, a year-on-year increase of 7.4%.
