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GDP of Guangzhou’s Liwan up 5.2% YoY in H1
Update:2023-08-02    Source: GDToday

Liwan District's GDP reached more than 57 billion RMB in the first half of 2023, with an increase of 5.2 percent year on year, according to the statistics from Liwan District Bureau of Statistics on July 31.

The added value of the primary industry is 189 million RMB, which decreased 0.3 percent year on year. The added value of the secondary and tertiary industries is 16.755 billion RMB and 40.808 billion RMB, showing a 5.1 percent and 5.3 percent growth year on year, respectively.

Industrial production steadily increased in H1. The total value of industries above the designated size in Liwan District was 19.919 billion RMB, up 5.0 percent year on year. The total value of tobacco production and pharmaceutical manufacturing increased by 7.6 percent and 8.8 percent, respectively.

As for consumption, the total retail sales of social consumer goods in Liwan District reached 37.245 billion RMB, showing an increase of 14.6 percent year on year, 4.8 percentage points over the first quarter. The retail sales of Chinese and Western medicine, automobiles, grain and oil, and food in the limited units increased by 23.9 percent.

Investment saw significant growth. Liwan District's fixed asset investment rose 15.4 percent year on year, with an increase of 46.4 percent year on year in real estate development investment and a decrease of 13.6 percent year on year in construction and renovation investment.

In terms of agricultural production, the total output value of agriculture, forestry, animal husbandry, and fishery in Liwan District reached 415 million RMB, up 1.1 percent year on year. The agricultural output value was 361 million RMB, accounting for 87.1 percent.


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