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Dongguan sees 6.9% GDP growth in 1st half of 2019

08/14/2019 Source: Dongguan Today

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Recently, the Dongguan Municipal Bureau of Statistics published Dongguan's economic performance for the first half of 2019. According to preliminary accounts, Dongguan achieved a GDP of 421.593 billion RMB in the first half of 2019, a year-on-year increase of 6.9%, and a growth rate higher than the average provincial and national rates. The added value of the primary industry was 1.302 billion RMB, an increase of 1.4%; of the secondary industry was 209.253 billion RMB, an increase of 6.9%; and of the tertiary industry was 211.037 billion RMB, an increase of 6.9%.

In the first half of the year, both electronic information and high-tech manufacturing led growth. The total import and export volume of Dongguan was 633.31 billion RMB, a year-on-year increase of 6.8%. Among them, exports were 383.28 billion RMB, which shows an increase of 12.5%. Imports were 250.04 billion RMB, showing a decrease of 0.8%. The city newly signed 585 foreign direct investment projects, with an actual foreign capital investment of 5.387 billion RMB, a year-on-year increase of 4.3%. The general trade imports and exports increased by 19.2%, accounting for 44.5% of the total imports and exports.

Overall, the private economy continued to do well, with infrastructure investment increasing by 47.5%. At the same time, people's livelihood expenditures on health, energy conservation and environmental protection, as well as education and social security saw the biggest increases. The public's sense of well-being and sense of gains have also been reported to be further enhanced.