Shenzhen's Economy Grows 6.3% in First Half of 2023

By Billy Jiang, August 2, 2023

0 0

On July 27, the Shenzhen Municipal Bureau of Statistics announced the accounting results of Guangdong Province's regional GDP.

The data revealed that the city's GDP for the first half of 2023 reached RMB1.62976 trillion, representing a year-on-year growth of 6.3%.

Shenzhen's industrial production has been steadily rebounding, with the value-added industrial output increasing by 3.9% year on year, and the growth rate 1.4 percentage points higher than that of the previous five months.


Key Industry Performance

Among the major industries, the automotive manufacturing industry demonstrated remarkable growth, with a value-added increase of 89.7%.

Specifically, the production of new energy vehicles and charging piles saw impressive growth rates of 170.2% and 32.6%, respectively. 

Additionally, investments in high-tech industries remained active, with investments in high-tech manufacturing surging by 56.3%. 

Notably, investments in the electronics and communication equipment manufacturing sector soared by 66.3%.

The total import and export volume for the first half of the year amounted to RMB1.676368 trillion, representing a year-on-year increase of 3.7%.

The value of exports reached RMB1.047882 trillion, showing a substantial growth of 14.4%.

However, there was a noticeable decline in the volume of goods imported, which amounted to RMB628.486 billion, experiencing a decline of 10.3%.

For the latest news in the Greater Bay Area, please follow us on WeChat Official Account, ThatsGBA.


[Cover image by Billy Jiang/That's]

more news

12 Awesome Upcoming Events & Offers in Shenzhen

Enjoy great events and offers from our editor's picks!

10 Awesome Upcoming Events & Offers in Shenzhen

Enjoy great events and offers from our editor's picks!

We Are Open! Places to Visit in Shenzhen Over CNY...

See if your favorite places are open during the Chinese New Year holiday!

15 Awesome Things to Do Over CNY in Shenzhen

Happy New Year of the Dragon!

31 Amazing Art Shows This February in Shenzhen

Art is a line around your thoughts.

12 Awesome Upcoming Events & Offers in Shenzhen

Enjoy great events and offers from our editor's picks!

12 Awesome Upcoming Events & Offers in Shenzhen

Enjoy great events and offers from our editor's picks!

0 User Comments

In Case You Missed It…

We're on WeChat!

Scan our QR Code at right or follow us at ThatsGBA for events, guides, giveaways and much more!

7 Days in Gba With thatsmags.com

Weekly updates to your email inbox every Wednesday

Download previous issues

Never miss an issue of That's GBA!

Visit the archives