Zhuhai got a boost last year from the final stages of construction of the Hengqin Railway Station, which is due to open soon, but its economy has also been doing surprisingly well thanks to growth in tech manufacturing and services, latest preliminary data shows.
The city’s leadership announced this week GDP growth of 6.8%, putting Zhuhai tied with Foshan and behind only Dongguan and Shenzhen (+7% each) among the GBA’s fastest-growing cities.
High-tech manufacturing pushed the industrial sector to contribute 2.25 percentage points of that GDP number, accounting for around one-third of total output. The other two-thirds came from services. This more than made up for a drop in trade, at -10.4%.
Pharmaceuticals (+23.6%), electrical machinery and equipment manufacturing (+15.2%), and the food industry (+23.6%) were the fastest-growing industries.
In services, it was real estate (+17.8%) and financial services (+15.8%) that grew strongest. Investment in both sectors surged, along with an overall 21% jump in investment from Hong Kong, Macau and Taiwan.