China's Shenzhen city's first-quarter GDP up 5.2% year-on-year: Chinese report

The Statistics Bureau of Shenzhen, Guangdong Province, China, announced the economic situation for the first quarter (January to March) on the 28th. Shenzhen's gross domestic product (GDP) for the first quarter was 895.049 billion former (about 17.7%).
Calculated at constant prices, this represents a 5.2% increase from the same period last year. By industry, the added value of the primary industry increased by 7.2% to 486 million former (approximately 9.5 billion yen), and the secondary industry increased by 1.2% to 1.2 billion former (approximately 1.2 billion yen).
Industry increased by 3.7% to 295.144 billion former (approximately 5.8 trillion yen), and the tertiary industry increased by 6.0% to 559.419 billion former (approximately 10.9 trillion yen).
In the first quarter, the added value of the city's large and above-sized industries increased by 4.2%, a growth rate 1.6 percentage points higher than in January and February. By the three major sectors, mining and mining increased by 0.0%.
The value added of the automobile manufacturing industry increased by 56.3%, the general-purpose equipment manufacturing industry increased by 11.0%, and the manufacturing industry increased by 4.2%.
The industrial sector grew by 28.4% year-on-year, while the production volume of high-tech products continued to grow. Fixed asset investment fell by 2.1% year-on-year, but the decline was 1.1 percentage points lower than in January and February.
By sector, infrastructure investment increased 5.3% compared to the same period last year, manufacturing investment increased 4.6%, real estate development investment decreased 5.3%, and industrial investment increased 1.4%.
Total retail sales of consumer goods increased 3.1% to 240.317 billion former (approximately 4.7 trillion yen), with the growth rate rising 1.4 points from January-February.
The city's total imports and exports in the first quarter fell 2.8% to 990.104 billion former (approximately 19.3 trillion yen), a drop of 7.6 percentage points from January and February.
Of this, exports fell 8.7% to 585.505 billion formers (approximately 11.4 trillion yen), while imports increased 7.1% to 404.599 billion formers (approximately 7.9 trillion yen).
Exports of goods increased by 12.3%.