Dongguan's economic performance in H1 of 2022 上半年东莞经济运行情况

2022年上半年，我市地区生产总值为5178.20亿元，同比增长1.6 %，经济运行承压趋稳，主要指标整体平稳。

In the first half of 2022, Dongguan's GDP expanded at an annual rate of 1.6%, reaching 517.82 billion yuan. 

The added value of the primary industry was 1.793 billion yuan, with a 5.7% year-on-year increase; the added value of the secondary industry was 302.419 billion yuan, a year-on-year increase of 3.1%; while the added value of the tertiary industry was 213.608 billion yuan, a year-on-year decrease of 0.5%.

01Agricultural output

In the first half of the year, the city's agricultural output value totalled 2.789 billion yuan, which rose 6.1% year on year based on comparable prices. 

02Industrial production

The pressure of industrial production has lightened, with the industrial added value above the designated size being 247.888 billion yuan, up 1.9% from a year earlier. The added value of the five pillar industries grew 1.9% to 161.606 billion yuan. The new growth drivers grew rapidly. The added value increased 45.0% for "small-scale to designated size" enterprises and 6.9% for "multiplier plan" industrial enterprises, both faster than the industry average growth rate. In terms of product output, there has been a surge in high-tech-related industries. The production of industrial instruments, new energy vehicles, smart watches and charging piles soared 170.6%, 154.6%, 66.7% and 47.9%, respectively.

03Service industry

From January to May, the service industry's operating income above the city's designated size was 74.637 billion yuan, which went up by 8.5%. Among them, the Internet and related services surged 91.3%.

04Fixed asset investment

The city's fixed asset investment climbed 6.5% in the first six months, falling 0.5 percentage points from the first quarter. 

05Import and export

Dongguan's total import and export volume amounted to 695.07 billion yuan, a year-on-year increase of 1.9%. The growth rate was 2.5 percentage points higher than that in the first quarter. Among them, the export volume came to 452.75 billion yuan, seeing an 11.2% annual increase, which grew 7.9 percentage points faster than that in the first quarter.

06Consumer market

The total retail sales of consumer goods totalled 207.943 billion yuan, seeing a drop of 0.5%, the decline narrowed by 1.3 percentage points from the previous five months. The consumer market recovered significantly in June. The total retail sales of consumer goods rose 6.1%, 8.3 percentage points higher than that in May, and the growth rate turned negative to positive. 

The consumer price index (CPI) rose by 2.6% year on year, an increase of 0.4 percentage points from the first quarter.

07Finance

The general public budget revenue was 41.119 billion yuan from January to June, a year-on-year decrease of 4.9%. The financial industry has run steadily. At the end of June, the balance of domestic and foreign currency deposits in financial institutions reached 2,230.674 billion yuan, an increase of 14.3%.

In general, in the first half of the year, Dongguan thoroughly implemented various policies for stabilizing growth and worked hard to overcome the adverse impact of unexpected factors. The economic operation was under pressure but still stabilized. The leading indicators remained stable on the whole.

Edited and posted by Ashley

Proofread by Stephen

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