The first-quarter regional Gross Domestic Product (GDP) of Zhuhai is 82.65 billion yuan ($12.84 billion), a year-on-year increase of 18.8 percentage points – 0.5 percent higher than the national average and 0.2 percent above the provincial average.

Zhuhai also achieved a two-year average growth rate of 3.9 percent. This is 7.9 percent higher than the same period of 2019, and accounts for 22.1 percent of the city's annual target. Industries, by contributing 51.5 percentage points to GDP growth, are the major driving force. The figures were reported at a May 14 conference to analyze the municipal economic situation.

The added value of industrial enterprises above designated size reached 22.88 billion yuan ($3.55 billion), an increase of 38 percent year-on-year and two-year average growth rate of 4.6 percent – 9.4 percent higher than the first quarter of 2019.

Jida coastline in Zhuhai with the Hong Kong-Zhuhai-Macao Bridge in distance [Photo courtesy WeChat account: zhuhaifabu]

Fixed asset investment reached 46.45 billion yuan ($7.21 billion), up 26.8 percent year-on-year but down 32.9 percent month-on-month from the fourth quarter of 2020. The city also achieved a two-year average growth rate of 7.5 percent, 15.5 percent higher than the first quarter of 2019.

Total retail sales of consumer goods grew by 38.1 percent year-on-year to 25.39 billion yuan ($3.94 billion), which fell by 5.6 percent month-on-month from the fourth quarter of 2020.

In addition, General Public Budget revenue was 12.18 billion yuan ($1.89 billion), a year-on-year increase of 22.6 percent and up 31.9 percent month-on-month from the October-December period of 2020.

Total volume of foreign trade reached 78.88 billion yuan ($12.25 billion), a year-on-year increase of 43.4 percent and month-on-month rise of 1.5 percent over the fourth quarter of 2020.

The actual foreign direct investment rose 30.2 percent year-on-year to 1.16 billion yuan ($180.15 million), a month-on-month increase of 105.5 percent compared with the fourth quarter of 2020.