Nan Fang Du Shi Bao·2025-04-27 08:17Economic Overview - Guangzhou's GDP for Q1 reached 753.25 billion yuan, showing a year-on-year growth of 3.0%, indicating a faster recovery compared to last year's 2.1% growth [2] - The automotive industry, despite a 6.4% decline in added value for the quarter, saw a positive turnaround in March with an 11.5% year-on-year increase [2][7] Automotive Industry Performance - GAC Group and XPeng Motors contributed to the automotive industry's recovery, with XPeng delivering 94,008 vehicles in Q1, a 331% increase year-on-year [3][5] - GAC's total vehicle production for Q1 was 411,205 units, a 2.09% increase, while sales fell by 9.42% to 371,087 units [5][6] - GAC's brands, including Honda, Toyota, and Aion, all reported positive production growth rates in Q1 [5][6] Investment Trends - Investment in the automotive manufacturing sector grew by 17.7% in Q1, with the auto parts manufacturing sector continuing to see over 30% growth [7] - Guangzhou's fixed asset investment saw a 10.5% year-on-year increase, with 525 new projects initiated, including 53 projects with planned investments over 1 billion yuan [14] Real Estate Market - Real estate development investment in Guangzhou decreased by 10.8% in Q1, but the consumption side showed signs of stabilization [7][8] - The area of newly signed commercial housing in Q1 was 218.56 million square meters, a 17.7% increase year-on-year [8] Digital Economy Contribution - The digital economy's core industries grew by 6.5% in Q1, contributing 30% to the city's GDP growth [9][11] - Significant growth was observed in internet access services (48.2% increase) and digital content services (28.8% increase) [11] Trade and Logistics - Guangzhou's foreign trade in Q1 reached 294.3 billion yuan, a 17.3% increase, with exports growing by 30.6% [14] - The logistics sector maintained stability, with a 16.2% increase in express delivery volume [12]