Shenzhen's regional gross domestic product (GDP) for the first three quarters of the year was 2.17 trillion yuan (US$338.76 billion), up 7.1 percent year on year and ranked third among major Chinese cities, statistics from the Shenzhen Municipal Statistics Bureau showed recently.
Statistics also showed the average GDP growth rate in the first nine months of 2020 and 2021 was 4.8 percent, equivalent to the average growth rate in the first half of the two years.
The fast growth of strategic and emerging industries has become the city’s major driving force in economic growth. Between January and September, the added value of seven strategic and emerging industries consisting of 20 industrial clusters reached 857.5 billion yuan, accounting for 39.4 of the total GDP, up 8.1 percent year on year and 1 percent higher than the GDP growth. The output of industrial robots, 3D printing, new energy vehicles and charging poles has increased by 64.6 percent, 11.3 percent, 239 percent and 110 percent, respectively.
In terms of consumption, total sales of consumer goods in the first nine months reached 695.9 billion yuan, up 15.1 percent year on year and up 4.9 percent over the same period in 2019. It is noteworthy to see automobile sales reached 91.2 billion yuan, up 22 percent.
The city’s foreign trade volume edged up to 15.2 percent year on year to 2.51 trillion yuan in the first three quarters of the year. Exports increased 13.5 percent to reach 1.35 trillion yuan, and imports increased 17.2 percent to 1.16 trillion yuan, statistics showed.
Customs statistics showed the ctiy’s trade with Central and Eastern European Countries (CEECs) reached 44.95 billion yuan between January and September, up by 24 percent year on year. The three major CEEC partners were Hungary, Poland and the Czech Republic. Shenzhen’s exports to the Czech Republic increased by 132.2 percent in the first nine months of this year.
The city’s actual utilization of foreign investments also increased by 22.4 percent to US$7.67 billion.