Local Hot Spot: GDP Of Dongguan In The First Three Quarters Increased By 1.9% Year On Year

Dongguan Municipal Bureau of statistics released on the 28th the economic operation of Dongguan in the first three quarters of this year. According to the results of the unified GDP accounting of Guangdong Province, the GDP of Dongguan City in the first three quarters of 2022 will be 800.118 billion yuan (the same below), up 1.9% year-on-year.

Dongguan, known as the "factory of the world", has many foreign trade enterprises, and is a city dominated by outward oriented economy. Since the beginning of this year, in the face of complex and severe domestic and international situations and multiple unexpected factors, Dongguan has effectively coordinated the epidemic prevention and control and economic and social development, and effectively implemented a package of policies and measures to stabilize the economy. In the first three quarters, the city's economic operation was stable and the supporting role of new driving forces was highlighted.

Judging from the economic data of Dongguan in the first three quarters of this year, Dongguan's industrial production has gradually stabilized and the new kinetic energy has grown rapidly. In the first three quarters, the added value of industries above designated size was 391.142 billion yuan, up 1.1% year on year. In terms of industries, the textile, clothing, shoes and hats manufacturing industry increased by 1.6%, electrical machinery and equipment manufacturing industry increased by 3.2%, electronic information manufacturing industry increased by 0.7%, toy and sports goods manufacturing industry increased by 5.4%, and packaging and printing industry increased by 8.4%. In terms of product output, the output of high-tech related industries increased rapidly. The output of industrial instruments, charging piles and smart watches increased by 210.4%, 58.7% and 56.9% respectively.

In the first three quarters, fixed asset investment in Dongguan grew steadily, while investment in high-tech industries maintained a rapid growth. The fixed assets investment of the whole city increased by 4.2% year on year. In terms of sectors, industrial investment increased by 10.6%, of which manufacturing investment increased by 11.8%; Infrastructure investment increased by 1.4%; Investment in real estate development decreased by 4.4%.

In the first three quarters, the investment in high-tech industry increased by 14.4%, advanced manufacturing industry by 12.2%, and equipment manufacturing industry by 11.1%.

(source: China News Network)