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Zhongshan's Q1 GDP up 4.7% year-on-year
Updated: 2024-04-30    Source: Zhongshan Daily Large Medium Small Print

In the first quarter of 2024, Zhongshan's GDP amounted to 89.275 billion yuan, marking a year-on-year increase of 4.7%.

The added values of the primary, secondary and tertiary industries were 1.679 billion yuan, 43.006 billion yuan and 44.59 billion yuan, up 5.3%, 8.0% and 1.5% year-on-year, respectively.

Industrial production sector saw a rapid growth. In the first quarter, the added value of industries above designated size reached 35.517 billion yuan, representing a year-on-year increase of 7.3%. The manufacturing industry experienced a growth of 7.5%, and the production and supply industry of electricity, heat, gas and water increased by 3.9%.

The manufacturing of electrical machinery and equipment rose by 8.1%, that of computers, communications and other electronic equipment increased by 23.4%, and that of medicine increased by 5.5%.

Advanced manufacturing increased by 9.5%, accounting for 52.1% of the total industries above designated size; high-tech manufacturing increased by 17.1%, accounting for 17.4%.

In the first quarter, Zhongshan's fixed asset investment increased by 8.8% compared to the same period last year. Industrial investment rose by 27.7% year-on-year, accounting for 41.4% of the total fixed asset investment.

Investment in industrial technological transformation increased by 71.1%, accounting for 17.2% of the total investment; investment in advanced manufacturing grew by 23.1%; and investment in high-tech manufacturing rose by 0.5%. Infrastructure investment increased by 8.5%. Investment in real estate development decreased by 9.8% year on year.

In the first quarter, Zhongshan's total retail sales of consumer goods increased by 5.1% year-on-year; CPI decreased by 0.1% year-on-year; per capita disposable income grew to 18,740 yuan, with a year-on-year increase of 5.8%.

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