Shenzhen’s GDP up by 11.6%

Published on July 23, 2010 by connie | This story has been viewed 652 views

Through estimate calculation, Shenzhen’s GDP in the first half year has reached 421.557 billion Yuan, up by 11.6% over the same period last year, according to the statistical report jointly issued by the Municipal Development and Reform Commission and the Municipal Statistical Bureau. The growth rate is higher than the national average level of 11.1%, but lower than that of Guangdong province.

The Report said, in the first half of the year, the industrial value added above the designated size (similarly hereinafter) is 176.967 billion Yuan, up by 12.8% over the same period last year (similarly hereinafter), and one percent faster than the period from January to April, up by 8,2%.

In the first half, Shenzhen’s fixed assets investment has reached 72.725 billion Yuan, up by 11.1%, of which, investment for infrastructure is 44.015 billion Yuan, up by 6,7%, real estate development 20.571 billion Yuan, up by 16.8%, innovation and reconstruction 6.033 billion Yuan, up by 16.1%, and other investment 2.105 billion Yuan, up by 41.7%.

According to the introduction of Shenzhen Custom, Shenzhen’s foreign import and export in the first half present three characteristics. The first is that the growth rate of the import and export of the processing trade products is lower than the general import and export. The second is export to Europe and America is still account for large proportion. The third is that the growth rate of the hi-tech products’ export increase.

By Shenzhen Post Elaine

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