Zhuhai's GDP growth ranks first in Guangdong
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E-mail China.org.cn, July 30, 2015
With implementation of new measures to promote reform and produce steady growth, Guangdong's macro-economy has shown a momentum of stabilization and recovery. In particular, Zhuhai's economy is on the upgrade. Its GDP reaching 90.79 billion yuan (US$14.63 billion) up to the end of June, a year-on-year increase of 9 percent that gives it top ranking in Guangdong Province and the Pearl River Delta.
The growth rate of Zhuhai's industrial added value, fixed asset investment, retail sales of consumer goods and general public budget revenue all exceeded 10 percent. It has also managed to apply the brakes on the slowdown in foreign trade. Compared with the first quarter, retail sales of industrial goods and consumer goods and the general public budget revenue saw their growth rates rise by 0.6, 1.6 and 7.1 percentage points, respectively. The growth rate of fixed asset investment declined by 4 percentage points.
The growth rate of Zhuhai's GDP, general public budget revenue and financial institutions' loan balance led Guangdong.
Zhuhai's growth mainly came from its secondary industry. In the first half of 2015, its three major industries, agriculture, manufacture and service, rose 2.9 percent, 10.5 percent and 7.6 percent, respectively, with the GDP contribution rate reaching 0.6 percent, 61.9 percent and 37.5 percent. Particularly, the high-tech industry has made a crucial contribution to the economic growth.
In the future, Zhuhai will vigorously promote innovation strategies and industrial restructuring and upgrading, not only increasing investment but also optimizing the investment structure. To ensure the city's sustainable economic development, new growth poles will be created.
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