Shenzhen’s key economic indicators, including industrial production, fixed asset investment, market sales, and exports, all witnessed steady growth from January to August, marking a sustained recovery and a steady improvement in development quality.
According to data released by the Shenzhen Municipal Statistics Bureau, during this period, the added value of industries at and above the designated scale increased by 4.2% year on year.
Among major industry categories, automotive manufacturing registered an impressive 73.7% surge in added value, followed by electricity and heat production and supply at 17.1%, and specialized equipment manufacturing at 10.5%.
Fixed asset investment increased by 13.1% during the first eight months of the year. Investments in the secondary industry grew by 47.7% year on year, while investments in the tertiary industry saw an increase of 6.3% during the same period.
The total retail sales of the city’s consumer goods exceeded 675 billion yuan (US$94.03 billion) from January to August, posting a growth of 8.4% year on year.
The city’s foreign trade reached 2.37 trillion yuan in the first eight months of the year, an increase of 8.1% year on year. Exports rose by 19.4% to reach 1.49 trillion yuan, while imports amounted to 872.66 billion yuan.
By the end of August, the balance of domestic and foreign currency deposits in financial institutions (including foreign-funded institutions) in the city reached about 13.16 trillion yuan, up by 9.4% year on year.