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City industries see stable, quality growth

Source: Shenzhen DailyUpdated:2021-12-08

Thirty-two out of 37 industrial sectors in the city posted positive growth between January and October this year, with six sectors seeing double-digit growth.

The industrial added value of general equipment manufacturing, electrical machinery and equipment manufacturing, and instrument manufacturing showed a year-on-year increase of 18.9 percent, 15.9 percent and 15.5 percent respectively, data released by the Shenzhen Municipal Statistics Bureau showed.

Investments in education, public health, and production and supply of power, gas and water increased by 34.3 percent, 19.5 percent and 17.4 percent respectively, while the decrease of fixed asset investments narrowed. Investments in transportation, warehousing and postal industries increased by 13.1 percent year on year between January and October.

Consumer goods retail sales hit 777.6 billion yuan (US$122.1 billion) in the first 10 months of the year, up by 13.4 percent year on year. Steady growth was seen in catering services and retail sales of basic necessities, food, grain and oil.

Foreign trade increased by 14.9 percent to 2.81 trillion yuan between January and October. Exports reached 1.51 trillion yuan, up by 13.2 percent year on year, while imports increased by 17.1 percent to 1.29 trillion yuan. General trade increased by 15 percent and took up 50.2 percent of the total trade.

Between January and October, the city's public budget expenditure was 359.5 billion yuan, up 7.9 percent, with expenditures in nine categories concerning people's livelihood and well-being increased by 11.7 percent, accounting for 70.6 percent of the total budget. Spending in social security and employment, health and education increased by 53.2 percent, 19.1 percent and 14.9 percent, respectively.