China's Guangzhou city's first-quarter GDP up 3.0% year-on-year: Chinese report

The Statistics Bureau of Guangzhou City, Guangdong Province, China, announced the economic situation for the first quarter (January to March) on the 27th. The gross domestic product (GDP) of Guangzhou City in the first quarter was 753.251 billion former (about 14.9 trillion former).
000 billion yen). Calculated at constant prices, this is a 3.0% increase from the same period last year. By industry, the added value of the primary industry increased 3.4% to 3.76 billion former (approximately 74.2 billion yen), and the secondary industry
Industry increased by 0.6% to 170.494 billion former (approximately 3.4 trillion yen), and the tertiary industry increased by 3.7% to 578.997 billion former (approximately 11.4 trillion yen).
The added value of the city's industries of a certain size or larger remained flat in the first quarter. Among the major industries, the added value of the automobile manufacturing industry fell 6.4% year-on-year, but it was down 1.2% year-on-year.
The decline narrowed by 11.8 percentage points compared to the previous year. Electronic manufacturing and petrochemical manufacturing both increased by 3.9% and 6.2%, respectively.
The city's consumer market continued to recover, with total retail sales of social consumer goods increasing 3.5% year-on-year to 291.27 billion former (
In March alone, investment in fixed assets increased by 2.2%. By sector, infrastructure investment increased by 8.6%, maintaining stable growth.
Real estate development investment decreased by 10.8% year on year, while industrial investment increased by 20.6% year on year. The total value of foreign trade imports and exports increased by 17.3% year on year to 294,299 million former (approximately 5.8 trillion yen). Of this,
Exports increased 30.6% to 191.719 billion formers (approximately 3.8 trillion yen), while imports decreased 1.5% to 102.58 billion formers (approximately 2 trillion yen). By trade type, general trade imports and exports
The amount of disposable income per capita in the city increased by 19.5% year-on-year to 73.0% of the total. The amount of disposable income per capita in the city in the first quarter increased by 3.7% year-on-year to 24,806 formers (about 490,000 yen).