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Nansha's GDP up 0.3% in H1

Updated: 2020-08-07chinadaily.com.cn

Nansha's gross domestic product in the first half of 2020 amounted to 79.53 billion yuan ($11.43 billion), a year-on-year increase of 0.3 percent and higher than the average growth rate of Guangzhou in that period.

The primary industry of Nansha in the first six months reached 2.44 billion yuan, a year-on-year increase of 1.3 percent, the secondary industry narrowed by 4.7 percent to 31.7 billion yuan, while the tertiary industry climbed by 4.7 percent to 45.38 billion yuan. 

The industrial output value above designated size during the same time period dropped by 3.1 percent year-on-year to 120.12 billion yuan and the total retail sales of consumer goods in the area decreased by 16 percent to 9.74 billion yuan due to the impact of the COVID-19 pandemic.

Consumption has seen a strong rebound in Nansha as the gross merchandise sales jumped by 16.4 percent to 138.15 billion yuan.

The cargo handling capacity of Nansha Port reached 160 million metric tons in the first half of the year, up 3.7 percent year-on-year, while the import and export volume rose by 16.3 percent to 105.75 billion yuan.

The district has seen a growth of 18.7 percent in fixed-asset investment in the first six months of the year, ranking first in Guangzhou.

A total of 15,924 companies were established in Nansha in the first half of the year, with an overall registered capital of 173.02 billion yuan, of which 90 of them were foreign-invested companies, with an accumulated contractual foreign capital of $16.05 billion and an accumulated actual foreign capital of $631 million.

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