Shenzhen’s GDP up by 7.8% in May

Published on June 22, 2009 by connie | This story has been viewed 881 views

Member of Standing Committee of Guangdong Provincial Committee and Acting Mayor of Shenzhen, Wang Rong pointed out on June 21st that Shenzhen’s overall economic development situation had been better since this year. According to the statistics, Shenzhen’s GDP in the first five month was up by 7.8% over the same period last year, which was evidently increased comparing to the GDP development speed of the 6.5% in the first quarter this year.

Since this year, Shenzhen’s three momentums that fueling the economic growth had showed a state that two were strong and one was weak, of which investment and consumption were stably increased and export continued to decrease, but with a slow rate. From January to May, 50.923 billion Yuan was invested to Shenzhen’s fixed assets of the whole society, up by 12.9% over the same period last year with growth rate up by 7.6 percent, of which infrastructure construction investment was 32.233 billion Yuan, up by 27.2%, renovation and reconstruction investment was 3.463 billion Yuan, up by 16.4%. The total retail sales of consumer goods was 100.975 billion yuan, up by 12.7%, of which the total amount of wholesale and retail was 87.503 billion yuan, up by 11.1% and the sales of accommodation and catering industry was 13.472 billion yuan, up by 24.8%.

Shenzhen Post staff Connie contributes to the story.
support@szcpost.com

Possibly Related Posts:


Filed under: Shenzhen