Economic Overview - Shenzhen's GDP for the first half of 2025 reached 1832.226 billion yuan, with a year-on-year growth of 5.1% at constant prices [2] - The primary industry added value was 1.033 billion yuan, growing by 2.8%; the secondary industry added value was 650.556 billion yuan, growing by 3.3%; and the tertiary industry added value was 1180.637 billion yuan, growing by 6.1% [2] Industrial Production - The city's service industry added value was 1180.637 billion yuan, with a year-on-year growth of 6.1%, accelerating by 0.1 percentage points compared to the first quarter [3][4] - Key sectors such as finance, transportation, storage and postal services, and information transmission, software, and IT services grew by 10.9%, 9.0%, and 8.1% respectively [3][4] - From January to May, revenue from large-scale service enterprises increased by 8.4%, with notable growth in transportation, storage, and postal services at 12.3% [3][4] Fixed Asset Investment - Fixed asset investment in the city decreased by 10.9% year-on-year, with real estate development investment down by 15.1% [5] - Infrastructure investment grew by 7.7%, while industrial technology transformation investment surged by 47.1% [5] - Investment in information transmission, software, and IT services increased by 47.7% [6] Market Sales - The total retail sales of consumer goods reached 494.868 billion yuan, with a year-on-year growth of 3.5%, accelerating by 0.4 percentage points compared to the first quarter [7] - Retail sales of essential goods showed strong growth, with daily necessities and grain and oil products increasing by 10.7% and 9.1% respectively [7] - Online retail continued to grow, with sales through the internet increasing by 19.4% [7] Trade Performance - The total import and export volume was 2167.545 billion yuan, down by 1.1% year-on-year, but the decline was narrower by 1.7 percentage points compared to the first quarter [8] - Exports amounted to 1308.681 billion yuan, decreasing by 7.0%, while imports rose by 9.5% to 858.864 billion yuan [8] - High-tech product exports grew by 8.0% [8] Financial Sector - By the end of June, the balance of deposits in financial institutions (including foreign capital) was 14160.014 billion yuan, growing by 5.7% year-on-year [9] - The balance of loans in financial institutions (including foreign capital) was 9846.991 billion yuan, with a year-on-year growth of 3.5% [9] Consumer Prices - The consumer price index increased by 0.1% year-on-year, with food and tobacco prices rising by 0.5% and clothing prices by 1.3% [10] - Prices for transportation and communication decreased by 2.4%, while medical care prices rose by 1.2% [10]

南方财经记者 陈思琦 深圳报道 市场销售增长加快。上半年，深圳社会消费品零售总额4948.68亿元，同比增长3.5%，增速比一季度加 快0.4个百分点。分消费类型看，商品零售增长3.6%；餐饮收入增长1.7%。基本生活类商品增势较好， 限额以上单位日用品类、粮油食品类零售额分别增长10.7%、9.1%。 值得一提的是，消费品以旧换新政策继续显效，限额以上单位家用电器和音像器材类、文化办公用品 类、通讯器材类零售额分别增长55.7%、32.9%、6.0%。网上零售持续增长，限额以上单位通过互联网 实现的商品零售额增长19.4%。 7月30日，深圳市统计局发布2025年上半年深圳经济运行情况。 根据广东省地区生产总值统一核算结果，2025年上半年，深圳市地区生产总值18322.26亿元，按不变价 格计算，同比增长5.1%。其中，第一产业增加值10.33亿元，增长2.8%；第二产业增加值6505.56亿元， 增长3.3%；第三产业增加值11806.37亿元，增长6.1%。 工业生产稳步增长。上半年，深圳市规模以上工业增加值同比增长4.3%，增速比一季度加快0.1个百分 点。分门类看，采矿业增加值同比增长0.5%，制 ...

Economic Overview - In the first half of 2025, the GDP of Zhongshan reached 197.465 billion yuan, with a year-on-year growth of 3.4% at constant prices [2] - The primary industry added value was 3.663 billion yuan, growing by 6.3% year-on-year; the secondary industry added value was 101.509 billion yuan, with a growth of 3.3%; the tertiary industry added value was 92.292 billion yuan, also growing by 3.3% [2] Agricultural Sector - The total output value of agriculture, forestry, animal husbandry, and fishery in Zhongshan was 7.651 billion yuan, increasing by 6.3% year-on-year [2] - Agricultural output value was 2.595 billion yuan, with a year-on-year growth of 4.2%; fishery output value was 4.741 billion yuan, growing by 7.3% [2] Industrial Performance - The added value of large-scale industries in Zhongshan grew by 4.4% year-on-year [3] - Manufacturing sector increased by 5.0%, while the electricity, heat, gas, and water production and supply sector saw a decline of 5.9% [3] - Advanced manufacturing added value grew by 8.3%, accounting for 52.6% of large-scale industries; high-tech manufacturing increased by 19.4%, making up 18.2% of large-scale industries [3] Service Sector - The added value of the service industry increased by 3.3% year-on-year [3] - Information transmission, software, and IT services grew by 8.8%; leasing and business services increased by 6.2%; accommodation and catering services rose by 4.6% [3] - From January to May, the revenue of large-scale service industries grew by 3.6% year-on-year [3] Investment and Consumption - Fixed asset investment in Zhongshan decreased by 22.2% year-on-year [4] - Industrial investment fell by 10.1%, accounting for 49.1% of total fixed asset investment [4] - The total retail sales of consumer goods remained stable at 81.6 billion yuan, unchanged from the previous year [4] - Online retail through public networks grew by 5.7% year-on-year [4] Price Levels and Income - The Consumer Price Index (CPI) in Zhongshan remained stable, unchanged from the previous year [5] - The per capita disposable income of residents was 33,570 yuan, with a year-on-year growth of 2.5% [5] - Urban residents had a per capita disposable income of 34,697 yuan, growing by 2.2%, while rural residents had 25,485 yuan, increasing by 4.3% [5]

Economic Overview - The GDP of Zibo City for the first half of the year reached 256.89 billion yuan, with a year-on-year growth of 5.6% and a nominal increase of 18.74 billion yuan, representing a nominal growth rate of 7.87%, which is higher than the provincial average [1] - The primary industry added value was 8.24 billion yuan, growing by 3.7%; the secondary industry added value was 118.49 billion yuan, growing by 5.1%; and the tertiary industry added value was 130.16 billion yuan, growing by 6.2% [1] Agricultural Sector - The total output value of agriculture, forestry, animal husbandry, and fishery reached 14.93 billion yuan, with a year-on-year growth of 4.1%, improving by 0.6 percentage points compared to the first quarter [1] - The production of vegetables was 978,000 tons, growing by 3%, and the production of fruits was 66,000 tons, growing by 3.3% [1] Industrial Sector - The added value of large-scale industries in Zibo grew by 7.6% year-on-year, with 29 out of 38 major industry categories achieving positive growth, resulting in a growth coverage of 76.3% [2] - The top 10 industries by total added value saw eight industries increase, contributing 6.2 percentage points to the overall industrial growth [2] - High-tech manufacturing added value grew by 8.1%, and the "Four Strong" industries increased by 8.5% [2] Investment Trends - Fixed asset investment in Zibo decreased by 1.3% in the first half of the year, while industrial investment increased by 29.7%, with industrial technological transformation investment growing by 20.8% [2] - Private investment rose by 21.0%, accounting for 65.3% of total investment, an increase of 12 percentage points year-on-year [2] Service Sector - The total retail sales of social consumer goods reached 83.03 billion yuan, with a year-on-year growth of 7.1% [3] - The retail sales of above-limit units reached 29.62 billion yuan, growing by 12.3%, with 15 out of 22 categories showing positive growth [3] - Categories such as grain and oil, food, tobacco and alcohol, sports and entertainment products, and communication equipment saw significant growth rates of 24.1%, 22.1%, 91.8%, and 50.2% respectively [3]

Economic Overview - Ningbo achieved a GDP of 886.1 billion yuan in the first half of the year, with a year-on-year growth of 5.1% [1] - The contribution rates to GDP growth from the primary, secondary, and tertiary industries were 1.6%, 39.3%, and 59.1% respectively [1] Sector Performance - Agricultural production value increased by 3.7% to 20.47 billion yuan [1] - Industrial output value rose by 5.7% [1] - Service sector value grew by 5.6%, accelerating by 0.3 percentage points compared to the first quarter [1] Investment and Consumption - Fixed asset investment, excluding real estate, grew by 7.9%, with infrastructure investment surging by 24.0% [2] - Social retail sales totaled 269.77 billion yuan, marking a 2.2% increase, up 1.5 percentage points from the first quarter [1] Trade and Export - Total import and export value reached 721.8 billion yuan, a 6.1% increase, with exports at 490.44 billion yuan, growing by 10.1% [2] - Private enterprises accounted for 77.5% of total imports and exports, amounting to 559.24 billion yuan, with an 8.8% growth [4] Emerging Industries - 25 out of 36 industrial sectors reported growth, with key sectors like instrumentation and petroleum processing growing by 23.4% and 13.8% respectively [3] - High-tech industries saw a value increase of 13.1%, while digital economy and equipment manufacturing grew by 7.7% and 6.5% respectively [3] Port Activity - Ningbo port handled 353 million tons of cargo, a 1.0% increase, and container throughput reached 18.889 million TEUs, growing by 7.9% [4]

Economic Overview - In the first half of the year, China's GDP reached 66,053.6 billion yuan, with a year-on-year growth of 5.3% [2] - The contribution rates of the three industries to economic growth were 3.6% for the primary industry, 36.2% for the secondary industry, and 60.2% for the tertiary industry [2] Industry Performance - The industrial production showed a robust growth with an industrial added value increase of 6.2% year-on-year, contributing 1.9 percentage points to economic growth [3][4] - The manufacturing sector's added value grew by 6.6%, contributing 1.7 percentage points to economic growth [3] - The service sector, particularly information transmission, software, and IT services, saw significant growth with added values increasing by 11.1% and 9.6% respectively, contributing a total of 1.0 percentage point to economic growth [3] Domestic Demand - Final consumption expenditure contributed 52.0% to economic growth in the first half, driving GDP growth by 2.8 percentage points [5] - Investment demand showed a steady increase, with total capital formation contributing 16.8% to economic growth, adding 0.9 percentage points to GDP [5] - Net exports maintained a stable growth trend, contributing 31.2% to economic growth, which added 1.7 percentage points to GDP [5] New Economic Drivers - The digital economy is gaining momentum, with the revenue of large-scale information transmission, software, and IT service enterprises growing by 11.4% from January to May, outperforming the overall service sector by 3.3 percentage points [6] - The equipment manufacturing and high-tech manufacturing sectors saw added value growth of 10.2% and 9.5% respectively, exceeding the overall industrial growth rates [7] - High-quality investments in equipment manufacturing and high-tech services increased by 7.5% and 8.6% respectively, indicating a focus on optimizing and upgrading industries [7]

Economic Overview - In the first half of the year, China's GDP reached 66,053.6 billion yuan, with a year-on-year growth of 5.3% [2] - The GDP for the second quarter was 34,177.8 billion yuan, showing a year-on-year growth of 5.2% [2] Industry Performance - The primary industry added value was 31.17 billion yuan, growing by 3.7%; the secondary industry added value was 239.05 billion yuan, growing by 5.3%; and the tertiary industry added value was 390.31 billion yuan, growing by 5.5% [2] - Industrial production increased by 6.2% year-on-year, with manufacturing growing by 6.6% [4] - The information transmission, software, and IT services sectors saw an increase of 11.1%, while leasing and business services grew by 9.6% [4] Domestic Demand and Consumption - Final consumption expenditure contributed 52.0% to economic growth in the first half, with a contribution of 52.3% in the second quarter [5] - Capital formation contributed 16.8% to economic growth in the first half, with a contribution of 24.7% in the second quarter [5] - Net exports contributed 31.2% to economic growth in the first half, with a contribution of 23.0% in the second quarter [5] New Economic Drivers - The information transmission, software, and IT services sector saw a revenue growth of 11.4% from January to May [6] - The added value of equipment manufacturing and high-tech manufacturing increased by 10.2% and 9.5% respectively in the first half [6] - Investment in equipment manufacturing grew by 7.5%, while high-tech service industry investment increased by 8.6% [6]

Core Insights - The service sector's value added grew by 5.5% year-on-year in the first half of the year, accelerating by 0.2 percentage points compared to the first quarter [1] - In June, the national service production index increased by 6.0% year-on-year, with significant growth in information transmission, software, and IT services at 11.6% [1] Service Sector Performance - The value added in the information transmission, software, and IT services sector grew by 11.1%, while leasing and business services increased by 9.6% [1] - The transportation, warehousing, and postal services sector saw a value added growth of 6.4%, and wholesale and retail trade grew by 5.9% [1] Revenue and Business Activity - From January to May, the revenue of large-scale service enterprises increased by 8.1% year-on-year [1] - The service business activity index stood at 50.1 in June, indicating a slight expansion, while the business activity expectation index was at 56.0, suggesting positive future outlook [1] Sector-Specific Insights - Industries such as postal, telecommunications, broadcasting, satellite transmission services, internet software and IT services, monetary financial services, capital market services, and insurance all reported business activity indices above 55.0, indicating a high level of prosperity [1]

Core Insights - In the first half of 2025, China's fixed asset investment (excluding rural households) reached 24.8654 trillion yuan, showing a year-on-year growth of 2.8% on a comparable basis [1][7]. Investment Overview - Private fixed asset investment decreased by 0.6% year-on-year, while state-owned investment grew by 5.0% [1][7]. - When adjusted for price factors, fixed asset investment increased by 5.3% year-on-year [1]. Sector Analysis - Investment in the primary industry was 481.6 billion yuan, up 6.5% year-on-year [3][7]. - The secondary industry saw an investment of 88.294 trillion yuan, growing by 10.2% [3][7]. - The tertiary industry experienced a decline in investment by 1.1%, totaling 155.543 trillion yuan [3][7]. Industrial Breakdown - Within the secondary industry, industrial investment rose by 10.3% [4]. - Notable growth was observed in the electricity, heat, gas, and water production and supply sector, which increased by 22.8% [4][8]. - Infrastructure investment (excluding electricity, heat, gas, and water production and supply) in the tertiary sector grew by 4.6% [4]. Regional Investment Trends - Eastern regions saw a decline in investment by 0.8%, while central regions grew by 3.2% and western regions by 4.8% [5]. - The northeastern region experienced a decrease of 1.9% in investment [5]. Investment by Registration Type - Domestic enterprises' fixed asset investment increased by 2.8%, while investment from Hong Kong, Macau, and Taiwan enterprises grew by 4.8% [6][7]. - Foreign enterprises' investment saw a significant decline of 13.6% [6][7].

Core Insights - Guangdong's service industry revenue for the first five months reached 2.37 trillion yuan, reflecting a year-on-year growth of 7.5% [1] Revenue Growth by Sector - Transportation, warehousing, and postal services experienced a year-on-year growth of 9.3% [1] - Information transmission, software, and IT services grew by 8.3% [1] - Real estate (excluding real estate development) saw an increase of 2.6% [1] - Rental and business services also grew by 9.3% [1] - Scientific research and technical services had a growth of 1.8% [1] - Water, environment, and public facilities management declined by 1.9% [1] - Resident services, repair, and other services decreased by 1.6% [1] - Education sector grew by 5.7% [1] - Health and social work experienced a decline of 1.1% [1] - Cultural, sports, and entertainment sectors grew by 4.8% [1]