1-5月，东莞高效统筹疫情防控和经济社会发展，着力抓好稳增长工作，生产需求逐步恢复，经济基本盘保持稳定。
From January to May, Dongguan efficiently coordinated its Covid-19 response with economic and social development. It maintained stable growth, production and demand made a recovery, and the economy operated within an appropriate range.
Growth in industrial production slowed
In May, Dongguan’s added value of industrial above designated size reached about 42.858 billion yuan, increased by 1.7 % year on year while the growth rate of 0.7 percentage points higher than April. During January-May, the added value of industrial above the designated size in the city reached 199.01 billion yuan, increased by 2.5%. Analysis of different types of industries showed that the value-added growth of the manufacturing industry went up by 2.4%, among which the computer, communication and electronic equipment manufacturing industry increased by 2.7%; the special equipment manufacturing industry increased by 6.1%.Fixed-asset investment showed steady growth
In May, Dongguan’s total investment in fixed assets increased by 5.4% year on year. From January to May, the added value of total investment in fixed assets increased by 6.1%. Industrial investment increased by 25.3%, which grew 19.2 percentage points faster than the city’s average. Market sales made a recovery
In May, the city’s total retail sales of consumer goods reached 32.79 billion yuan. January-May, total retail sales of consumer goods reached 171.37 billion yuan. The retail sales of upgraded goods witnessed fast growth, among which cosmetics increased by 37.1%, household appliances and audio-video equipment, as well as cultural and office supplies grew24.7 % and 24.9%, sports and entertainment goods increased by 7.7%. Online retailing maintained rapid growth, and the total retail sales of enterprises above designated size reached 20.08 billion yuan, an increase of 13.9%.Import and export growth rate accelerated
In the first 5 months, the city’s total imports and exports reached 568.77 billion yuan, an increase of 2.7%, while exports went up 11.1%.Financial markets maintained overall stability
At the end of May, the balance of deposits and foreign currencies of financial institutions was 2.14 trillion yuan, a year-on-year increase of 12.9%, which grew 0.9 percentage points faster than the end of April; the balance of loans in domestic and foreign currencies was 1.61 trillion yuan, an increase of 15.7%.The growth rate of consumer prices increased slightly
In January-May, the city's total consumer price Index (CPI) went up by 2.5% for the year, 0.1 percentage points higher than in January-April. Grouped by commodity categories, prices for transportation and communications rose by 8.0%, other supplies and services were up by 3.6%, the residential category grew by 2.4%, household goods and services were up by 1.6%, education, culture and entertainment rose by 1.5%, food, tobacco and alcohol , as well as health care category rose by 1.0% and 0.2%. The prices for clothing witnessed a slight drop of 1.4%.
Edited by Ashley & Yvonne