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Pingshan 2023 GDP up 18%

Updated: 2024-02-01
Source: Shenzhen Daily

Pingshan's GDP grew by 18% year on year to reach 132.98 billion yuan in 2023, faster than other districts (including Dapeng New Area) in Shenzhen. The district targets a GDP growth rate of at least 10% in 2024, according to the Fourth Session of the Second Pingshan District People’s Congress held in late January.

Pingshan's other main targets for 2024 include a 15% growth in fixed asset investment, a 10% increase in total retail sales of consumer goods, a 17% growth in the added value of industrial enterprises above a designated size (referring to industrial firms with an annual business turnover of at least 20 million yuan), and a 10% increase in total foreign trade.

Pingshan also aims to foster industrial investment, increasing 50 national high-tech firms and five national-level "little giant" companies for using special and sophisticated technologies to produce novel and unique products in 2024. Further efforts will be made in industrial internet integrated with 5G and intelligent manufacturing integrated with AI, as well as healthcare, education, environment and culture. 

In 2023, Pingshan also retained its top spot in Shenzhen in other aspects, such as the added value of its industrial enterprises above designated size up 27% year on year at 90.88 billion yuan, the total sales of consumer goods up by 26.3% year on year at 24.96 billion yuan, and its fixed-asset investment up 20.9% year on year at 73.28 billion yuan.