the city's gdp reached 458.4 billion yuan (us$66.5 billion) in the first quarter of the year, an 8.6 percent increase compared with the same period last year. the growth rate ranked no.1 among pearl river delta cities and first-tier cities in china, statistics from shenzhen municipal statistics bureau showed recently.
the city's newly emerging industries such as internet, new materials, biology, new energy, cultural creation and new generation information technology as well as four future industries, namely oceanic economy, aerospace, robotics and wearables, grew rapidly. intelligent equipment also kept good growth momentum. the industries realized 185.5 billion yuan in added value, a growth of 12.8 percent.
in the first quarter, the added value of state-owned-enterprises (soes) and non-state key industrial enterprises reached 166.8 billion yuan, an increase of 7.6 percent. it was the biggest increase since 2014. the advanced manufacturing industry realized an added value of 112 billion yuan, an increase of 9.6 percent, and high-tech-based manufacturing realized an added value of 99.5 billion yuan, an increase of 11.9 percent.
the city spent 70.6 billion yuan in fixed assets in quarter 1, an increase of 24.3 percent, a record for the years since 2005.
among the 10 categories of major consumer goods, sales of publications, jewelry, automobiles, tobacco, wine, and other beverages and daily necessities increased between 8.3 and 20 percent.
