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Zhuhai's H1 GDP reports a stable 2% growth

(cityofzhuhai.com)

Updated: 2022-07-28

Zhuhai recorded regional gross domestic product (GDP) of 190.68 billion yuan ($28.18 billion) in the first half of the year, a 2 percent year-on-year increase, according to statistics released by the Zhuhai Municipal Statistics Bureau on July 26.

The city's overall stable economic performance showed how Zhuhai managed to coordinate COVID-19 pandemic prevention and control measures with economic and social development efforts.

The added value of local primary and secondary industries increased by 4 percent and 6.2 percent respectively year-on-year to 2.56 billion yuan ($378.92 million) and 82.21 billion yuan ($12.15 billion), while that of the city's tertiary industry decreased by 1 percent to 105.9 billion yuan ($15.7 billion).

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Aerial view of Zhuhai Opera House, a city landmark on Yeli Island [File photo by Zhao Zi / Zhuhai Media Group]

The added value of Zhuhai's industries above designated size soared by 8.5 percent to 74.86 billion yuan ($11.06 billion), ranking second in Guangdong Province in terms of growth rate. In addition, the growth rate was 5.1 percentage points and 5 percentage points higher than the national and provincial average levels respectively. 

The added value of the city's seven pillar industries amounted to 61.3 billion yuan ($9.06 billion), up 11.6 percent from the previous year, making up 81.9 percent of Zhuhai's total added value of industries above designated size.

The electronic information, household electrical appliances, and biomedical industries saw relatively rapid growth of 12.5 percent, 17.1 percent, and 19.5 percent respectively. Zhuhai's advanced, equipment, and hi-tech manufacturing also recorded growth rates of 11.3 percent, 13.9 percent, and 13.2 percent respectively. 

The output value of the city's agriculture, forestry, animal husbandry, and fishery industries went up by 4.9 percent year-on-year to 5.03 billion yuan ($742.52 million) in the first six months of the year, a growth rate of 1.1 percentage points higher than that of the first quarter.

Zhuhai's total import and export volume dropped by 5.3 percent to 154.67 billion yuan ($22.85 billion), of which the export value totaled 96.54 billion yuan ($14.26 billion), up 7.3 percent year-on-year. 

A 1.7-percent decrease was reported in Zhuhai's total retail sales of consumer goods, which stood at 50.57 billion yuan ($7.47 billion), while the city's general public budget revenue grew by 3.2 percent to 24.35 billion yuan ($3.6 billion).

Furthermore, the consumer price index (CPI) rose by 1.9 percent in June, 1.1 percentage points higher than that in May.

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