Zhuhai sees steady growth in economy

Zhuhai's economic growth held steady in the first four months of this year, accompanying a buoyant consumer demand and investment influx.

According to the Statistics Bureau of Zhuhai, the total retail sales of consumer goods increased by 4.4 percent year-on-year to 40.1 billion yuan ($5.8 billion) during this period. The catering industry was the biggest contributor, with its retail sales witnessing a growth rate of 10.7 percent.

The fixed-asset investment reached 54.9 billion yuan ($7.9 billion) from January to April, up 10.5 percent year-on-year. The project investment amounted to 31.3 billion yuan ($4.5 billion), a year-on-year increase of 13.3 percent, 3.7 percentage points higher than the provincial average.

In the first four months of this year, the added value of industrial enterprises above designated size rose by 6.2 percent year-on-year to 33.5 billion yuan ($4.8 billion). Pillar industries like household appliances and biomedicine recorded a grow rate of 19.7 percent and 19.5 percent respectively.

The added value of Zhuhai's household appliance industry records a growth rate of 19.7 percent in the first fourth months of this year. [Photo by Zhou Jianping / China Daily]

The commodity price remained stable from January to April, while the downward pressure of foreign trade value narrowed in this period.