Analysis of Shenzhen’s economic “semi-annual Report”

In the first half of the year, Gross regional product's GDP was 1629.76 million yuan, up 6.3% year on year.

From the overall data perspective, Shenzhen's economy has rebounded and the quality of development has improved, demonstrating strong resilience.

The GDP growth rate is 6.3%, higher than that of the entire province. This year, we have achieved hard-earned results in overcoming the impact of the epidemic.

The added value of the Secondary sector of the economy was 568.198 billion yuan, up 4.8% year on year.

The added value of the Tertiary sector of the economy was 1060457 million yuan, up 7.2% year on year.

From the perspective of industrial layout, economic growth has gradually shifted from being driven primarily by industry to being driven jointly by the service industry and industry.

Among them, the contribution of the service industry to the economy has significantly increased. Crowded tourist attractions, difficult to obtain tickets for concerts, and crowded hotels and restaurants are all microcosms of Shenzhen's economic recovery, effectively driving economic growth to draw an "upward curve".

From a segmented perspective, the growth rate of the main indicators is stable, and the "three carriages" are advancing side by side.

From the perspective of investment, the momentum of growth is strong and full of vitality, and major projects have been launched one after another - the site of the first bid project of Phase I of the Seventh Affiliated Hospital of Sun Yat-sen University in Shenzhen, with machinery roaring, hanging towers standing, and the sounds of welding, cutting, and knocking rising one after another.

This is a major project newly started in Shenzhen this year, with a total construction area of approximately 699000 square meters and a planned number of 3200 beds. At that time, the project will become the largest comprehensive research Teaching hospital with the most complete clinical specialties in Shenzhen.

In the first half of the year, the city's fixed assets investment increased by 13.1% year on year.

Industrial investment saw a strong growth of 47.5%, with manufacturing investment increasing by 54.2%.

Since the beginning of this year, Shenzhen has started three batches of major projects, with approximately 823 projects under centralized construction.

Investment projects focus on consolidating the foundation of the manufacturing industry, as well as ensuring and improving people's livelihoods. Including the "Industrial Building" project of Shiyan Headquarters Economic Park in Bao'an District, the second phase of Shenshan Industrial Internet Manufacturing Innovation Industrial Park, and the first phase of Ocean University.

From the perspective of consumption, social consumption has exceeded 500 billion yuan, sprinting towards the city of trillion yuan consumption - economic recovery, and the biggest change brought to citizens is the flourishing development of the consumer market. This year, we have opened up a circle of friends for Shenzhen people, offering a variety of consumer activities such as tourism, exhibitions, food, and more.

At the same time, Hongkongers people set off a consumption boom and formed a new consumption growth point. The daily passenger flow at Shenzhen Bay Port reached a record high of 107000 person times.

In the first half of this year, the total retail sales of consumer goods in the city reached 50.02 billion yuan, an increase of 11.5% year-on-year.

Last year, due to factors such as the epidemic, the total social consumption in Shenzhen was 970.828 billion yuan, just one step away from the "trillion yuan club" with the total social consumption.

This year, Shenzhen continues to anchor the goal of a total social consumption of 1 trillion yuan, and the goal has been achieved by more than half. Driven by a series of stable growth and consumption promotion policies, the consumption potential and market vitality are continuously unleashed.

From the perspective of foreign trade, import and export have steadily advanced, and support has significantly increased - private enterprises are the main force for the sustained growth of Shenzhen's import and export scale. Since the beginning of this year, many enterprises have experienced a surge in orders due to the impact of economic recovery. Wang Li, the founder of Shenzhen Foreign Trade Maiqijia Home Furnishing Co., Ltd., took out a digital "secret weapon" and successfully won millions of orders through factory live streaming.

In the first half of the year, the total import and export volume of the city was 1676.368 billion yuan, a year-on-year increase of 3.7%.

Among them, exports reached 1047.882 billion yuan, an increase of 14.4%.

Behind the data is the Shenzhen Huiqi Combination Fist, which is striving to help enterprises stabilize the market through a multi-pronged approach and provide convenience for Shenzhen enterprises to charter flights to sea and participate in overseas exhibitions. At the same time, we will vigorously develop the exhibition industry. In the first half of the year, Shenzhen held nearly 80 exhibitions with an exhibition area of over 4 million square meters.

In terms of financial support, financing facilitation is also constantly improving. As of the end of June, the financing balance of foreign trade enterprises by Chinese banks in the jurisdiction was 1.2 trillion yuan, a year-on-year increase of 34%.

The quality of Shenzhen enterprises continues to improve and develop by leaps and bounds.

Recently, the fifth batch of national "specialized, refined, and innovative" small giant enterprises has been publicly listed. A total of 310 enterprises in Shenzhen have passed the audit, ranking first in terms of new additions among cities in China.

The "Little Giant" enterprise is rooted in a segmented field, masters core technologies, has a high market share, excellent quality and efficiency, and is a technology "vanguard" that can fight tough battles.

From a national perspective, Shenzhen, as a city with a trillion yuan GDP ranking among the top, operates at a high level of its own economic aggregate. Future development requires breaking through oneself and constantly leapfrog. This depends on the development of the enterprise, injecting surging vitality into the economy.

Recently, the semi annual report forecast disclosed by Shenzhen company BYD showed that the net profit attributable to the parent company was 10.5 billion to 11.7 billion yuan, a year-on-year increase of 192.05% to 225.43%.

In Shenzhen, the new energy vehicle industry is accelerating its development. In the first half of this year, the output of new energy vehicles and Charging station in Shenzhen increased by 170.2% and 32.6% respectively.

Shenzhen is constantly moving forward around key industries such as the new energy vehicle industry. On July 19th, Shenzhen also announced the second batch of "208" industrial fund establishment plans, with a target size of 8.5 billion yuan.

On March 3 this year, Shenzhen held a conference on Digital transformation of the manufacturing industry, comprehensively launched Digital transformation of the manufacturing industry, and proposed a clear goal of promoting Digital transformation of all industrial enterprises above the designated size in the city by 2025.

Accurate policy support, sustained financial assistance, and strong industrial chain alliances... The optimization of industrial institutions will release more economic momentum. Shenzhen is also exploring the new "open mode" of the "industry+tourism" development model, which is becoming a highlight of economic development.

A recent meeting of the Political Bureau of the Central Committee of the Communist Party of China pointed out that "after the smooth transition of epidemic prevention and control, economic recovery will be a wave like development and a tortuous process

Currently, the external environment is still complex and there are still many risks and challenges. From the road to simplicity, hard work is the key. From the semi annual report card of Shenzhen's hard work, we not only need to see positive signs of recovery, but also need to see the deep texture behind the development of incremental changes and color changes. Only in this way can we consolidate the foundation, seize opportunities, and add momentum and momentum to high-quality development.