Shenzhen Economy Recorded Negative Growth

Published on March 29, 2012 by connie | This story has been viewed 977 views

In the first two months of 2012, the main economic data of Shenzhen appears a negative growth trend, which is quite rare since the establishment of Shenzhen Special Economic Zone, according to the statistic bulletin that was published on the official website of Shenzhen Municipal Statistic Bureau on March 26.

The statistic bulletin shows, in the firs two months of 2012, the industries of designated size in Shenzhen has a growth value of 73.065 billion Yuan, down by 3% over the same period of previous year, the industries above designated size has a sale output of 275.443 billion Yuan, down by 5.4%, and the industrial product sale rate is 100.2%，down by 0.1%. Though Spring Festival may be an affecting factor, it’s the first time that the negative growth of such a large area occur in the industries of designated size in Shenzhen since the beginning of Shenzhen Special Economic Zone.

Investment, consumption and export have played prominent roles in speeding up economic growth. It’s gratified that, in the first two months, Shenzhen has a fix assets investment value of 18.567 billion Yuan, up by 10.2% over the same period of previous year, including real estate development project of 7.063 billion Yuan, up by 31.6%, and non-real estate development project of 11.504 billion Yuan, up by 0.2%.

Worryingly, as the city that has accounted for one eighth of the total export value of the nation, Shenzhen has also recorded a negative growth on foreign trade. The statistics shows, Shenzhen’s total export value in the first two months is 56.289 billion Yuan, down by 3.5% over previous year, including export value of 32.7 billion dollars, down by 6.0%, and import value of 23.5 billion dollars, up by 0.3%.

Shenzhen Post Elaine Contributes to the Story.

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