On Nov. 22, the Guangdong Provincial Bureau of Statistics released guangdong's economic data for the previous 10 months. The reporter found that the main features were as follows: industrial production was stable, with the added value of the industrial enterprises above designated size reaching 2.99 trillion yuan, up 11.0% year on year. In particular, the output of products of strategic emerging industries was growing well. Investment in fixed assets continued to grow, especially industrial investment. Fixed asset investment increased by 8.5% and industrial investment by 19.1%. The total retail sales of consumer goods reached 3.64 trillion yuan, up 12.5% year on year, and online consumption increased 24.5% year on year.
The added value of industrial enterprises above designated size in Guangdong was 2.99 trillion yuan, up 11% year on year, with an average growth of 5.2% in two years.
The year-on-year growth of industrial robots was 64 percent, service robots 54.4 percent and new energy vehicles 166.6 percent.
Manufacturing production was stable, with added value up 10.4% year on year and an average growth of 4.8% in the past two years.
The added value of advanced manufacturing grew by 8.2% year on year, with an average growth of 4.7% in the past two years.
Guangdong's investment in fixed assets increased by 8.5% year-on-year and by 7.1% on average over the past two years. Industrial investment continued its double-digit growth this year, rising 19.1 per cent year on year. Investment in high-tech manufacturing continued to accelerate, up 23.7% year on year.
In the first 10 months of this year, investment increased by 12.2% year on year.
Investment in new infrastructure grew rapidly, with investment in Internet and related services up 80.9% year on year.
The added value of advanced manufacturing increased by 8.2% year on year
The two-year average growth was 4.7%
From January to October, the added value of industrial enterprises above designated size in Guangdong was 2.99 trillion yuan, up 11.0% year on year and up 5.2% on average in two years.
Among the pillar industries, electrical machinery and equipment manufacturing and automobile manufacturing grew 18.5 percent and 10.1 percent, respectively, year-on-year. The output of strategic emerging industrial products grew well, with industrial robots up 64 percent, service robots up 54.4 percent and new energy vehicles up 166.6 percent.
Manufacturing production was stable, with added value up 10.4% year on year and an average growth of 4.8% in the past two years. The added value of advanced manufacturing grew by 8.2% year on year, with an average growth of 4.7% in the past two years. Among them, the manufacturing of environment-friendly multi-functional furniture, intelligent and energy-saving home appliances and new energy equipment increased by 17.3%, 13.5% and 24.5% respectively.
The added value of high-tech manufacturing grew by 6.7% year-on-year and 3.7% on average in the past two years. Among them, the manufacturing of intelligent consumer equipment and industrial control computers and systems increased by 17.1% and 14.2% year-on-year respectively. Experts believe that one of the main reasons for the relatively low year-on-year growth of high-tech manufacturing industry is that its performance was more stable during the epidemic last year and the year-on-year calculation was based on a larger base. For example, in the first three quarters of last year, Guangdong's high-tech manufacturing industry grew by 1.5%, 2.7 percentage points higher than the provincial average value added of industries above designated size.
Investment in high-tech manufacturing continued to accelerate
Year-on-year growth of 23.7%
From an investment perspective, Guangdong's high-tech industry is accelerating in the face of the epidemic. In the first 10 months of this year, guangdong's high-tech manufacturing investment continued to accelerate, with a year-on-year growth of 23.7%, 0.8 percentage points higher than the first three quarters. Among them, investment in the manufacturing of electronic computers and office equipment increased by 34.5 percent.
In addition, guangdong's private investment continued to show strong vitality, investment in the first 10 months of the year up 12.2%; Private investment in manufacturing increased by 29.1 percent. We continued to invest in shoring up areas of weakness, with investment in education rising 40.7% year on year. Investment in new infrastructure grew rapidly, with investment in Internet and related services up 80.9% year on year. Investment in real estate development was stable, with a year-on-year growth of 4.5% and a two-year average growth of 6.3%.
The growth of online consumption accelerated
Growth in the rural market has picked up for six consecutive months
Consumption is an important indicator of economic vitality. From January to October, guangdong's total retail sales of consumer goods reached 3.64 trillion yuan, up 12.5% year on year and up 1.6% on average in two years.
Regionally, the rural market recovered faster than the urban market. Retail sales grew by 21.8% year on year and 5.2% on average over the past two years. The growth rate was 0.9 percentage points higher than that in the first three quarters, marking the sixth consecutive month of recovery. Retail sales in urban markets rose 11.3 percent year on year, with a two-year average growth of 1.1 percent.
In terms of consumption, retail sales grew by 11.5% year on year, with a two-year average growth of 2.2%. Consumer spending remained stable, with the retail sales of beverages, tobacco, alcohol and daily necessities up 40.3%, 29.9% and 11.1% year on year respectively. Retail sales of consumer upgrade goods maintained a high growth rate. The retail sales of household appliances, audio and video equipment and communication equipment increased by 12.2% and 26.8% respectively year on year. The retail sales of above designated units through public networks increased by 24.5% year on year.
Total imports and exports rose 18.2 percent year on year
The two-year average growth was 7.8%
The momentum of rapid growth in foreign trade continued. From January to October, guangdong's total foreign trade volume reached 6.71 trillion yuan, up 18.2% year on year and up 7.8% on average in two years. Of this, exports reached 4.11 trillion yuan, up 18.9% year on year, with an average growth of 8.3% in two years. Imports totaled 2.60 trillion yuan, up 17.0% year on year and up 7.0% on average in two years. In terms of the mode of trade, the import and export of general trade increased by 20.4% year on year, 5.6 percentage points higher than that of processing trade. It accounted for 52.4% of total imports and exports, 1.0 percentage points higher than the same period last year.
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