Gross product value up in Hengqin

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For the first half of the year, gross product value in Hengqin reached RMB7.40 billion (MOP8.85 billion/US$1.10 billion), up 10.8 per cent year-on-year, according to official data.
The growth resulted in Hengqin being the first leading district in Zhuhai City in terms of economic growth.
Meanwhile, the Chinese city attracted RMB20.37 billion-worth of investment in fixed assets, posting an increase of 18.1 per cent.
In particular, investments in infrastructure and industrial projects reached RMB17.61 billion, up 30.2 per cent year-on-year, accounting for 86.4 per cent of total investment.
Investment in real estate projects dropped 25.8 per cent year-on-year, amounting to RMB2.77 billion.
Official data also revealed that some US$344 million had been recorded for the city’s actual absorption of foreign direct investments, indicating a drop of 3.9 per cent when compared to the same six months a year ago.
For foreign trade, the Chinese city estimates a decrease of 4.1 per cent year-on-year to US$347 million.
Industries related to construction, finance and profitmaking services had a value added of RMB2.12 billion, RMB930 million and RMB840 million, respectively, improving GDP by 10.6, 5 and 3.4 percentage points, respectively.
According to official data, the construction of a deep foundation pit in Phase II of Chimelong was completed, with large scale construction projects such as the Traditional Chinese Medicine Science and Technology Industrial Park of Co-operation between Guangdong and Macau and the Hengqin International Science and Technology Innovation Centre entering the construction stage of their main structures.