In the first half of 2024, the economy of Minhang will maintain a positive trend, with industry and service industries continuing to rebound, real estate and construction industries rising steadily, online consumption continuing to be active, economic transformation and upgrading steadily advancing, and strong support from key enterprises.
According to the unified accounting results of the Municipal Bureau of Statistics, the GDP of Minhang District in the first half of the year reached 144.922 billion yuan, a comparable increase of 4.1%. By industry, the added value of the primary industry was 37 million yuan, an increase of 10.6% over the previous year; the added value of the secondary industry was 44.028 billion yuan, up by 2.7 percent; the added value of the tertiary industry was 100.857 billion yuan, up by 4.7 percent.
First, industrial production has grown steadily, and high-end manufacturing has led the development
In the first half of the year, the total output value of industrial enterprises above designated size in Minhang reached 162.219 billion yuan, a year-on-year increase of 3.7%. In terms of industries, the manufacturing of computers, communications and other electronic equipment increased by 24.6%; the automobile manufacturing industry increased by 12.1%; The textile, garment and apparel industry increased by 9.1%.
In the first half of the year, the total output value of strategic emerging industries in the region reached 82.966 billion yuan, a year-on-year increase of 3.0%, of which the development momentum of the new generation information technology industry was good, with a total output value of 28.221 billion yuan, a year-on-year increase of 19.3%, and the cloud computing industry increased by 50.6% year-on-year.
Second, the online economy continues to be active, and the transformation of consumption is steadily advancing
In the first half of the year, the sales of goods above designated size in Minhang were 357.383 billion yuan, a year-on-year decrease of 2.0%. In terms of industries, the wholesale of textiles, clothing and household goods reached 32.236 billion yuan, an increase of 9.0 percent; The wholesale of machinery and equipment, hardware products and electronic products reached 99.621 billion yuan, an increase of 3.5%. In the first half of the year, the sales of goods through the public network reached 48.190 billion yuan, an increase of 15.3%.
Third, the service industry is growing, and the transportation industry is performing well
From January to May, the operating income of the service industry in Minhang was 104.057 billion yuan, a year-on-year increase of 4.6%. Among them, the operating income of transportation, warehousing and postal services was 25.449 billion yuan, a year-on-year increase of 18.3%; the operating income of leasing and business services was 27.463 billion yuan, a year-on-year increase of 5.0%; The operating income of information transmission software and information technology services was 18.907 billion yuan, a year-on-year increase of 1.6%.
Fourth, the investment in fixed assets continued to develop, and the sales of commercial housing were stable and improving
In the first half of the year, the investment in fixed assets in Minhang increased by 11.7% year-on-year. By sector, real estate development investment increased by 12.7 percent, and industrial investment increased by 10.3 percent.
In the first half of the year, the total output value of the construction industry in Minhang was 44.894 billion yuan, an increase of 6.6%, and the sales area of newly built commercial houses in the district was 838,300 square meters, a year-on-year increase of 12.2%.
Fifth, the overall financial stability, the construction industry tax growth is relatively fast
In the first half of the year, the total fiscal revenue of Minhang District was 49.885 billion yuan, down 2.0 percent, and the district-level financial revenue was 18.991 billion yuan, an increase of 4.7 percent. From the perspective of industry tax revenue, industrial tax revenue increased by 5.2% year-on-year, and construction tax revenue increased by 11.3% year-on-year.
Source: Minhang Today