A computer-generated image of the Shenzhen Science and Technology Museum (New Museum).
Guangming District recently showcased its economic vigor with the release of the first-quarter economic data, Shenzhen Guangming WeChat account reported.
The regional GDP soared to 34.3 billion yuan, marking a significant 7.2% growth from the previous year. This robust performance not only signifies a promising start but also sets a sturdy groundwork for achieving annual targets.
Delving into the details of the first-quarter economic data sheds light on the evolving economic landscape through numerical insights:
Industrial growth
Industrial production in Guangming District displayed steady progress. Notably, the value added by strategic emerging industries surged by double digits, with high-quality industrial clusters emerging as pivotal drivers of economic expansion, aptly labeled as the "new engines" of growth.
Technology and innovation
Investment in manufacturing sectors, especially in high-tech domains, witnessed a rapid surge. The landscape further showcased a secure allocation of resources in crucial areas impacting people's livelihoods, alongside commendable strides in major project advancements.
Emerging industries
The value added by large-scale industries escalated by 10.6%, while strategic emerging industries experienced a notable 10.9% growth, contributing over 60% to the GDP.
Innovation frontiers
The prowess of high-quality industrial clusters was unmistakable, with sectors like new energy, smart terminals, semiconductors, and ultra-high-definition video displays showcasing stellar growth rates.
Guangming District's prominence in the ultra-high-definition video display sector is exemplified by its comprehensive industrial chain and remarkable global standings in output value.
Looking ahead, Guangming District is poised to amplify its strategic investments, particularly in key emerging zones like the Xinxinghu Science and Technology Industrial Community. The focus remains on driving over 110 billion yuan in fixed investments district-wide.
Moreover, the district's fiscal restructuring is reinforcing support for vital areas impacting residents, with significant expenditures directed to crucial livelihood sectors. Noteworthy projects like the Shenzhen Science and Technology Museum (New Museum) and the Phase II development of the Seventh Affiliated Hospital of Sun Yat-sen University are progressing swiftly, promising enhanced public services and healthcare facilities.
Guangming's economic ascent and infrastructural advancements depict a thriving landscape driven by innovation, strategic investments, and a steadfast commitment to fostering holistic growth and well-being in the district.