A high-rise vertical factory at Pingshan New Energy Vehicle Industry Park Phase 1. Photo from WeChat account "pingshanfb"

Pingshan’s gross domestic product (GDP) grew 22.3% year on year to reach 56.46 billion yuan in the first half of this year (H1), according to the official data released by the Pingshan District Statistics Bureau on July 28. The growth rate ranked first among all districts (including Dapeng New Area) in the city.

The added value of industrial enterprises above designated size in Pingshan in H1 increased 32.2% year on year and the growth rate also ranked first in the city. The total output value of industrial enterprises above designated size in the district in H1 increased 45.5% year on year.

Strategic emerging industries have made remarkable contributions, with the output value of industries in Pingshan in H1 increasing 60.1%. Among them, the green, low-carbon, the biopharmaceutical and health, and the new electronic information industries grew 59.4%. The individual output value of the green, low-carbon sector experienced a significant growth of 106.2% in H1, showcasing its strong development momentum.

The total retail sales of social consumer goods saw an increase of 33.3% over the previous year and the growth rate ranked first in the city.

In the modern service sector, software and information technology services, scientific research, and technical services played a significant role. The revenue of scientific research and technical services increased by 199.4% from January to May, a notable improvement compared to January and February.

The fixed-asset investment in Pingshan increased 18.3% year on year. In H1, the proportion of social investment in fixed asset investment in the district reached 76%, increasing by 13 percentage points compared to the previous year. There were 40 projects that commenced in H1, with a total investment of 149.8 billion yuan, ranking first in the city in terms of investment scale. A total of 39 high-quality industrial projects have been introduced. Driven by the increased investment from foreign-funded enterprises, the actual utilization of foreign investment in the district grew 180.86% in H1.

In H1, there were 5,097 newly registered business entities in Pingshan, up 28.29% year on year, ranking among the highest in the city. From January to May, the operating income of the for-profit service industry above designated size in the district reached 2.99 billion yuan, with a growth rate of 23.2%, an increase of 14.2 percentage points compared to January and February.

In H1 in Pingshan, wholesale enterprises with annual business revenue of 20 million yuan or more, and retail enterprises with annual business revenue of 5 million yuan or more, achieved a sales volume of 233.42 billion yuan, representing a growth rate of 84.7%.

In H1, Pingshan saw a rapid growth in financial and tax revenues with the total tax revenue reached 8.51 billion yuan, an increase of 30.72% year on year, while the general public budget revenue reached 3.85 billion yuan, representing a growth of 44.74% year on year.