Zhuhai’s economy grew 7.0% in the first half. Looking closer at the details, it would appear that a construction boom has helped, and it would not take a genius to guess that this means Hengqin Island’s massive buildout is getting up to speed.
According to the Zhuhai Statistic Bureau, the city’s construction industry was worth RMB38.807 billion, up 32.4% year on year. That is out of a total GDP of RMB148 billion.
In the first half of this year, Zhuhai’s industrial added value, retail sales of consumer goods, fixed asset investment and general pubic budget income grew by 5.8%, 5.5%, 4.2% and 3.2% respectively.
Electrical appliances and bio-medicine were still pillar industries, jumping by 24.8% and 21.5% respectively. Transportation also grew steadily in the first half of the year. The total turnover of railway, highway, water transport and air freight boomed by 32.3%, 1.7%, 3.2% and 20.3% respectively. The throughput of passengers at airports and containers at ports surged by 8.1% and 8.3% respectively.
In addition, In the first half of the year, the city’s wholesale and retail industry maintained steady growth, among which the wholesale and retail sales increased by 13.6% and 4.7% respectively. Sales of hotel accommodation and F&B increased by 8.1% and 11.3%.
In the first half of the year, the city completed fixed asset investment of RMB 90.022 billion, up 4.2% year on year. In terms of fixed asset investment, investment in education, health care and other projects enhancing citizens’ livelihood boomed, with growth rate of 56.7%.
According to the bureau, Zhuhai’s consumer market continued to recover in the first half of this year. Total retail sales of consumer goods in Zhuhai reached RMB 60.762 billion, up 5.5% year on year, with the second quarter recorded 1.5 percentage points higher than the first quarter.