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Economy continues to increase during first half of 2021

(cityofzhuhai.com)

Updated: 2021-08-03

The regional Gross Domestic Product of Zhuhai reached 184.15 billion yuan ($28.5 billion) in the first half of this year, a year-on-year increase of 12.9 percent and two-year average growth of 4.9 percent.

Added value of industrial enterprises above designated size was 63.38 billion yuan ($9.8 billion) with a year-on-year increase of 18.5 percent and two-year average growth of 5 percent, the Zhuhai Statistics Bureau announced July 30.

Of note, added value of seven pillar industries rose 19.4 percent from the first half of last year to 49.99 billion yuan ($7.75 billion), accounting for 78.9 percent of the total. Added value of high-tech and advanced manufacturing enterprises above designated size recorded a respective year-on-year growth of 14.5 percent and 19.3 percent.

Integrated circuit wafers, industrial and service robots, and optical instruments – all high-end products on the upstream of industrial chains – realized a year-on-year increases of 40 percent, 62.7 percent, 28.3 percent, and 266 percent respectively.

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Zhuhai shows stable economic recovery in first half of 2021 [Photo by Li Jianshu / Guanhai App]

The city's fixed-asset investment recorded year-on-year growth of 8.3 percent and two-year average growth of 10.8 percent during the January-June period. Investment in the manufacturing sector realized substantial growth of 31.1 percent from the same period of 2020.

Total output value of agriculture, forestry, animal husbandry, and fisheries grew by 3.1 percent year-on-year to 4.67 billion yuan ($723 million). The number of live hogs produced was up 426.9 percent from the first half of 2020.

Local foreign trade value was 162.98 billion yuan ($25.23 billion), a year-on-year increase of 38.3 percent and two-year average growth of 8.8 percent. In all, 1,415 foreign-funded enterprises were established in the first half of this year, a year-on-year increase of 13.3 percent. Actual foreign direct investment rose by 31.3 percent to $2.12 billion yuan and the two-year growth rate averaged 18.1 percent.

Total retail sales of consumer goods grew by 29 percent year-on-year to 51.42 billion yuan ($7.96 billion). The growth rate was 6 percentage points higher than the national average, and ranked first in Guangdong.

Zhuhai's service sector has sustained a stable recovery with an increase of 25.1 percent in transportation, warehousing, and postal sectors and growth of 23.4 percent in the culture, sports, and entertainment sectors. Airport passenger throughput and overnight tourists witnessed increases of 95.9 percent and 76.8 percent.

By the end of June, Zhuhai was home to 386,100 business entities with 26,700 newcomers, respective increases of 5.8 percent and 26.2 percent from the first half of 2020.

General Public Budget revenue grew by 22.9 percent to 24.91 billion yuan ($3.86 billion), while expenditure rose by 11.5 percent to 37.29 billion yuan ($5.77 billion). Notably, expenditures on nine livelihood items increased by 13 percent to 24.81 billion yuan ($3.84 billion), 66.5 percent of the total.

Per capita disposable income of Zhuhai residents reached 31,734 yuan ($4,912) with a rise of 13.3 percent, 0.4 percentage points higher than GDP growth rate.


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