On January 30, the Shenzhen Municipal Bureau of Statistics released that according to the unified accounting results of Guangdong Province's GDP, the city's GDP in 2023 will be 3,460.640 billion yuan, a year-on-year increase of 6.0%. The city's economy continued to recover and rebound, the quality and efficiency were further improved, the main economic indicators such as industry, fixed investment, market sales, import and export continued to grow, and the city's total retail sales of consumer goods exceeded one trillion yuan for the first time.
Industrial production grew steadily
Establish a city by industry and build a strong city by manufacturing. Our city will speed up the construction of a modern industrial system with Shenzhen's characteristics and advantages, and steadily promote new industrialization. In 2023, the added value of the city's industrial enterprises above designated size will increase by 6.2% year-on-year, 0.7 percentage points faster than that from January to November.
In terms of industry categories, the added value of mining, manufacturing, electricity, heat, gas and water production and supply above designated size increased by 4.4 percent, 5.6 percent and 19.2 percent respectively. Among the major industries, the added value of the automobile manufacturing industry above designated size increased by 47.3 percent, the added value of the metal products industry increased by 23.2 percent, and the electricity and heat production and supply industry increased by 14.7 percent.
The output of new high-tech products in our city continued to grow rapidly, among which the output of new energy vehicles and service robots increased by 104.2% and 36.0% respectively.
Last year, the added value of the city's strategic emerging industries reached 1,448.968 billion yuan, a year-on-year increase of 8.8%, and its proportion in GDP has increased year by year since 2021, continuing to increase to 41.9%. Among them, the added value of software and information services exceeded 300 billion yuan, a year-on-year increase of 23.8%. Intelligent networked vehicles increased by 38.2% year-on-year, maintaining a growth trend of more than 35% for two consecutive years. New energy increased by 13.5% year-on-year, maintaining double-digit growth for three consecutive years.
The city's total retail sales of consumer goods exceeded one trillion yuan for the first time
In 2023, Shenzhen will take multiple measures to expand domestic demand and promote consumption, focusing on building a world-class commercial carrier, gathering global high-quality commercial resources, creating a new diversified and multi-level consumption scene, and cultivating and expanding new consumption, and the fundamental role of consumption in economic development will continue to increase. In 2023, the city's total retail sales of consumer goods will exceed one trillion yuan for the first time, reaching 1,048.619 billion yuan, a year-on-year increase of 7.8%.
In terms of consumption type, retail sales of goods increased by 7.0 percent, and catering revenue increased by 15.2 percent. Sales of basic daily necessities were good, of which the retail sales of grain, oil and food of units above designated size increased by 13.3 percent.
New scenes, new formats, and new consumption ignited "fireworks in the world", and the city's consumption upgrading commodities maintained rapid growth last year, of which the retail sales of communication equipment, household appliances and audio-visual equipment of units above designated size increased by 19.4% and 13.6% respectively. Online retail sales continued to grow rapidly, and the retail sales of goods realized by units above designated size through the Internet increased by 26.1%.
To accelerate the construction of a new system of high-quality and efficient service industry, Shenzhen's operating income of Internet and related services, software and information technology services increased by 12.5% and 21.4% year-on-year respectively last year, significantly higher than the growth rate of the previous year.
The operating income of the cultural, sports and entertainment industry reached the highest value since 2016, and also exceeded the highest value during the "13th Five-Year Plan" period, with the growth rate of operating income reaching 16.3%. In terms of sub-industries, art performance venues (up 108.9%), film screenings (up 55.9%), sports organizations (up 54.5%), amusement parks (up 41%) and other industries achieved rapid growth.
The contact-based and agglomeration-based service industry is heating up rapidly. The operating income of travel agencies and related services increased by 1.1 times, and the operating income of conferences, exhibitions and related services increased by 74 percent.
Investment continues to grow steadily and rapidly
In 2023, the city will give full play to the leading role of government investment, boldly plan major projects in advance, and actively expand various types of investment, and the city's fixed asset investment will increase by 11.0% year-on-year.
We should give prominence to industrial investment, especially in the manufacturing industry, to accumulate momentum for Shenzhen's economy. By industry, investment in the secondary industry increased by 43.1 percent, and investment in the tertiary industry increased by 3.7 percent. Among them, industrial investment grew strongly, up by 43.0%. In terms of sub-sectors, manufacturing investment played a significant role, with an increase of 53.8%.
Investment in high-tech industries was active, with investment in high-tech manufacturing increasing by 64.0 percent, of which investment in electronics and communication equipment manufacturing increased by 70.6 percent.
Investment in the social sector grew rapidly, with investment in culture, sports and entertainment increasing by 29.4 per cent, and investment in public administration, social security and social organizations increasing by 27.1 per cent.
The growth trend of imports and exports is improving
Promote the import and export of foreign trade to stabilize the scale, stabilize the share, and stabilize the growth. In 2023, the city's total import and export volume will be 3,871.070 billion yuan, a year-on-year increase of 5.9%. Among them, exports were 2,455.208 billion yuan, up by 12.5 percent, and imports were 1,415.862 billion yuan, down by 4.0 percent. Among them, the import and export of general trade increased by 14.4 percent, accounting for 53.6 percent of the total import and export, an increase of 4.0 percentage points over the previous year.
The balance of deposits and loans of financial institutions maintained a relatively rapid growth. At the end of December, the balance of domestic and foreign currency deposits of financial institutions (including foreign capital) in the city was 13,335.052 billion yuan, a year-on-year increase of 8.1%. The balance of domestic and foreign currency loans of financial institutions (including foreign capital) was 9,214.089 billion yuan, a year-on-year increase of 8.3%.
Source / Shenzhen release