Xiangzhou's economy achieves strong start in Q1 Updated: May 2, 2024
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In the first quarter, Xiangzhou district, Zhuhai, adhered to the work guideline of seeking progress while maintaining stability and focusing on key tasks to achieve a strong start in the economy.  

The economic performance of Xiangzhou continued to improve, with GDP reaching 46.16 billion yuan ($6.41 billion), accounting for 44.1 percent of the city's total and a 6.5 percent year-on-year increase, ranking third in the city in terms of growth rate.

The industrial sector achieved remarkable growth, with a 17.8 percent year-on-year increase in the value-added industrial output, totaling 13.7 billion yuan. This growth rate surged by 11.2 percent compared to the same period last year.

Key enterprises remained stable and were on an upward trajectory. Among the 351 enterprises above a designated size in the region, 196 experienced growth. The top 20 enterprises collectively generated 39.39 billion yuan in production value, representing 79.6 percent of the region's total value-added industrial output, a 12.3 percent increase year-on-year.

Retail sales in Xiangzhou reached 10.04 billion yuan, up by 7.1 percent year-on-year and a 3.8 percent increase from the previous period. Accommodation revenue rose by 10.6 percent to 760 million yuan, while catering revenue increased by 5.8 percent to 1.57 billion yuan.

Overall, Xiangzhou's strong performance in the first quarter showcases its resilience and commitment to economic growth, setting a solid foundation for the rest of the year.


The retail and hospitality sectors of Xiangzhou district, Zhuhai, thrive In the first quarter. [Photo/WeChat account: zhxiangzhou]