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Dongguan’s GDP growth rate in the first three quarters ranks the first in the Pearl River Delta
2019-11-15 10:15     Source : Dongguan Foreign Investment Promotion Center

The journalist learned from the work conference on finding the gaps, ensuring implementation and advancing the city’s major tasks that in the first three quarters, Dongguan’s economy has shown a sound momentum featuring stability, progress and optimization. Dongguan is among the top players in Guangdong province with regard to GDP growth rate. Its industrial production has rallied notably and its investment and consumption also maintain a relatively fast growth.

Dongguan’s GDP growth rate ranks the second in Guangdong province

It is preliminarily estimated that in the first three quarters of this year, Dongguan’s GDP reaches 659.201 billion yuan, a year-on-year increase of 7.2% and 0.3 percentage points higher than the first half of this year. Its growth rate is higher than the national and provincial average, ranking the second in the  province and the first in the Pearl River Delta. Dongguan’s economy demonstrates a positively stable and upward trend.

Investment in fixed assets marks the fastest growth in the past six years  

In the first three quarters, the added value of Dongguan’s industrial enterprises  above designated size grows by 8%, higher than the national and provincial  average, ranking the second in the province and the first in the Pearl River Delta. Its investment in fixed assets increases by 18.1%, higher than the national and provincial average, ranking the second in the province and the first in the Pearl River Delta. The journalist learned through analysis that Dongguan’s investment in fixed assets in the first three quarters of this year  marks the fastest growth in the past six years.

Dongguan’s total export increases by 7.2%, higher than the national and provincial average, ranking the seventh in the province and the second in the Pearl River Delta. Its total retail sales of consumer goods rise by 8.2%, with the growth rate being  the same as the national and provincial average while ranking the second  together with Guangzhou and Huizhou in Guangdong province and the first in the  Pearl River Delta.

Electronics manufacturing industry continues driving the city’s industrial growth

In the first three quarters, the added value of Dongguan’s industrial enterprises  above designated size reaches 322.838 billion yuan, a year-on-year growth of 8%  and 0.7 percentage points higher than the first half of the year. The added  value of the five pillar industries increases by 9.9%. Among them, the  electronics manufacturing increases by 18.2%, which contributes 6.2 percentage  points growth to the industries above designated size and continues to lead the  city’s industrial growth. The added value contributed by the city’s 330 enterprises under the multiplication program registers 73.122 billion yuan,  increasing by 17.7%. Among them, the added value contributed by the 282 piloting  enterprises accounts for 37.605 billion yuan, an increase of 14.6%.

Investment in real estate development and infrastructure picks up speed

From  the demand side, Dongguan’s investment and consumption maintain a relatively  fast growth with investment in real estate development and infrastructure accelerating. In the first three quarters, the city’s investment in fixed assets  registers 148.522 billion yuan, a year-on-year increase of 18.1% and 2.4 percentage points higher than the first half of this year. Regarding different  industries, the manufacturing industry has completed an investment of 39.212  billion yuan, increasing by 12.5%. Investment in real estate development reaches  59.039 billion yuan, 10.5% year-on-year increase and 3.3 percentage points  increase than the first half of this year.   

In the first three quarters of this year, Dongguan’s total retail sales of consumer goods stand at 228.728 billion yuan, a year-on-year increase of 8.2%. Among them, the retail sales of wholesale and retail industry account for 213.278  billion yuan, an increase of 8%; the retail sales of lodging and catering  industry represent 15.451 billion yuan, an increase of 11.5%. The vehicle retail  sales also rally and accelerate with the city’s sales of vehicles above the  designated limit increasing by 2.5%, 0.6 percentage points higher than the first half of this year.

Editor: 谭晶