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Guangzhou’s GDP Increases in the First Three Quarters, Real Estate Development Investment Falls

Original title: Guangzhou’s GDP increased to 2.176984 billion yuan in the first three quarters, and investment in real estate development fell 6.6% year-on-year.

Viewpoint Network News:On October 28, the Guangzhou Municipal Bureau of Statistics announced the economic performance of the first three quarters of 2023. According to the unified accounting results of Guangdong Province’s GDP, in the first three quarters of 2023, Guangzhou’s GDP was 2.176984 billion yuan, a year-on-year increase of 4.2%.

Among them, the added value of the primary industry was 20.186 billion yuan, an increase of 4.1%; the added value of the secondary industry was 559.042 billion yuan, an increase of 1.7%; the added value of the tertiary industry was 1.597756 billion yuan, an increase of 5.1%.

From January to August (data from the wrong month), the city’s service industries above designated size achieved a year-on-year growth of 8.5% in operating income. Among the key industries, the Internet, software and information technology services industry grew by 4.5% year-on-year; the rental and business service industry continued to grow well, with a year-on-year growth of 10.9%. Among them, the travel agency and convention and exhibition industries had strong recovery momentum, growing by 1.2 times and 90.6% respectively. The release of consumer demand for cultural tourism drove the culture, sports and entertainment industry to grow by 31.9%. Among them, the performing arts and entertainment economy was booming, with movie screenings, culture and art industries, and amusement parks increasing by 57.3%, 72.7%, and 2.3 times year-on-year respectively. The scientific research and technical services industry grew steadily and rapidly by 9.5%, of which R&D and design services increased by 47.6% year-on-year. The cultural creativity and design industry is developing well, with added value increasing by 11.5% year-on-year.

In the first three quarters, the city’s total retail sales of consumer goods reached 823.754 billion yuan, a year-on-year increase of 6.4%. Among them, the accommodation and catering industry maintained rapid growth, achieving a year-on-year retail sales growth of 17.8%. In terms of commodity categories, basic consumer goods continued to recover, with retail sales of grain, oil, food, clothing, shoes, hats, needles and textiles above designated size increasing by 12.8% and 11.0% respectively. Consumption of upgraded goods grew rapidly, with retail sales of cosmetics above designated size increasing by 15.7%. New energy vehicles continued to sell well, achieving retail sales growth of 33.4%. Looking at different business types, offline consumption grew steadily, and supermarkets and department stores above designated size achieved sales growth of 3.3% year-on-year. Online consumption continues to be active. Online retail sales of physical goods in wholesale and retail industries above designated size, and meal revenue from accommodation and catering companies through the public network increased by 11.5% and 21.7% respectively.

In the first three quarters, the city’s fixed asset investment increased by 3.3% year-on-year. In terms of sectors, industrial investment increased by 21.0% year-on-year, continuing the double-digit growth momentum this year, of which investment in industrial technological transformation increased by 28.2%. Investment in special equipment manufacturing, electrical machinery and equipment manufacturing in advanced manufacturing increased by 71.5% and 1.2 times respectively. Investment in high-tech manufacturing has shown good growth momentum, with a year-on-year growth of 13.5%, of which investment in electronics and communications equipment manufacturing increased by 10.7%. Infrastructure investment grew rapidly, with a year-on-year increase of 11.5%. Real estate development investment is still in the downward range, down 6.6% year-on-year.

In the first three quarters, the city’s total foreign trade import and export value was 815.35 billion yuan, a year-on-year increase of 7.4%. Among them, exports were 486.35 billion yuan, an increase of 18.5%, and the growth rate was 0.6 percentage points higher than that in the first half of the year; imports were 329.01 billion yuan, a decrease of 5.7%. Among various trade modes, general trade import and export grew better, with an increase of 20.6%, accounting for 69.3% of the total import and export value, an increase of 8.2 percentage points over the same period last year. Exports of mechanical and electrical products increased by 9.9%, accounting for 46.5% of total export value. During the same period, trade with emerging markets expanded rapidly. Guangzhou’s imports and exports from countries co-constructing the “Belt and Road” increased by 16.4% year-on-year, and its imports and exports with the Middle East and Africa increased by 19.4% and 32.4% respectively.

In the first three quarters, the city’s financial industry achieved an added value of 213.470 billion yuan, a year-on-year increase of 7.7%. At the end of September, the balance of domestic and foreign currency deposits and loans of the city’s financial institutions was 16.07 trillion yuan, a year-on-year increase of 9.3%. Looking at deposits and loans, the deposit balance was 8.55 trillion yuan, a year-on-year increase of 8.8%; the loan balance was 7.52 trillion yuan, a year-on-year increase of 9.8%. Credit support for the real economy has increased. The balance of loans to enterprises and institutions and the balance of medium- and long-term operating loans to households increased by 13.3% and 31.8% year-on-year respectively. The balance of manufacturing loans increased by 15.7% year-on-year.

In the first three quarters, residents’ income increased steadily. The per capita disposable income of urban residents in the city was 64,033 yuan, a year-on-year increase of 4.8%; the per capita disposable income of rural residents was 32,347 yuan, a year-on-year increase of 6.3%. The effect of stabilizing employment continued to show, with 262,100 new urban jobs created in the city, an increase of 7.8%. The public service system and facility construction continued to improve. Among the city’s general public budget expenditures, housing security expenditures increased by 13.5%, health and education expenditures increased by 20.0% and 3.3% respectively; fixed assets in the fields of health and social work, water conservancy environment and public facilities management Investment grew rapidly, increasing by 25.2% and 13.7% respectively.Return to Sohu to see more

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2023-10-29 11:06:00
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