Economic Performance - Shenzhen's GDP for the first half of 2025 reached CNY 18,322.26 billion, with a year-on-year growth of 5.1%[3] - The GDP growth rate in Shenzhen exceeded that of Guangdong Province by 0.9 percentage points, with Guangdong's GDP growing by 4.2%[3] Trade Dynamics - Total import and export volume in Shenzhen decreased by 1.1% year-on-year, totaling CNY 21,675.45 billion[8] - Exports fell by 7.0% to CNY 13,086.81 billion, while imports increased by 9.5% to CNY 8,588.64 billion[8] - Shenzhen's share of Guangdong's total trade rose from 46.31% in Q1 to 47.65% in H1 2025[10] Industrial Production - Industrial added value in Shenzhen grew by 4.3% year-on-year, slightly above Guangdong's 4.0%[15][16] - Key sectors such as general equipment manufacturing and electrical machinery saw growth rates of 17.1% and 8.2%, respectively[15] Investment Trends - Fixed asset investment in Shenzhen declined by 10.9%, with real estate development investment down by 15.1%[18] - Industrial technology renovation investment surged by 47.1%[18] Consumer Market - Retail sales in Shenzhen reached CNY 4,948.68 billion, growing by 3.5% year-on-year[23] - The proportion of Shenzhen's retail sales to Guangdong's total increased from 20.54% at the beginning of 2025 to 21.58% in H1[24] Financial Sector - Financial institutions in Shenzhen reported a deposit balance of CNY 141,600.14 billion, up 5.7% year-on-year[31] - Loan balances increased by 3.5% to CNY 98,469.91 billion[31] Price Levels - The Consumer Price Index (CPI) in Shenzhen rose by 0.1% year-on-year, while Guangdong's CPI fell by 0.4%[37]

Economic Overview - Jinan's economy shows a stable and improving trend in the first four months of the year, supported by precise policies and macroeconomic coordination [1] Industrial Production - The city's industrial output increased by 9.0% year-on-year, with significant growth in the computer, communication, and electronic equipment manufacturing sector at 103.0%, and automotive manufacturing at 39.5% [1] - Equipment manufacturing grew by 27.2%, outperforming the overall industrial growth by 18.2 percentage points [1] - High-tech manufacturing also performed well, with a 26.1% increase in output, contributing 4.9 percentage points to the overall industrial growth [1] Fixed Asset Investment - Fixed asset investment rose by 1.4% year-on-year, with the primary industry seeing a substantial increase of 210.6% and the secondary industry growing by 14.7% [2] - Industrial investment grew by 13.8%, contributing 2.3 percentage points to the overall investment growth [2] - High-tech industry investment increased by 13.8%, while real estate development investment declined by 2.0% [2] Service Sector Performance - The service sector's revenue reached 1111.8 billion yuan, growing by 6.3% year-on-year, with nine out of ten major industries reporting revenue growth [3] - The transportation, storage, and postal services sector generated 469.5 billion yuan, accounting for 42.2% of the service sector's total revenue, and grew by 6.4% [3] - The rental and business services sector also performed well, with a revenue increase of 14.2% [3] Retail Sales and Consumer Behavior - Retail sales in Jinan reached 654.2 billion yuan, a 3.0% increase year-on-year, with urban retail sales growing by 3.2% [4] - The sales of communication equipment surged by 71.2% due to the "trade-in" policy, while new energy vehicle sales increased by 21.9% [4] - Online retail sales grew significantly by 32.7%, reaching 172.4 billion yuan [4] Fiscal and Financial Overview - Public budget revenue was 452.5 billion yuan, a 1.5% increase, while tax revenue decreased by 1.3% [4] - Financial institutions reported a 4.9% increase in deposits and a 10.6% increase in loans by the end of April [4] Foreign Trade - Jinan's total import and export value reached 793.4 billion yuan, a 22.4% increase, with exports growing by 10.4% and imports by 49.6% [5] - General trade accounted for 92.3% of the total trade volume, growing by 23.3% [5] Price Trends - Consumer prices rose by 0.5% cumulatively, with a 0.6% increase in April, showing a mixed trend across eight categories of goods and services [5]