Zhanjiang economy shows signs of recovery in H1
In the first half of this year, the regional gross domestic product (GDP) of Zhanjiang saw a year-on-year decline of 4.4 percent to 138.26 billion yuan ($19.75 billion), with the rate of decline narrowing 3.4 percent from that of the first quarter of the year.
The added value of the primary industry in Zhanjiang was 25.64 billion yuan, up 0.3 percent year-on-year. The added value of the city's secondary industry fell by 6.6 percent to 47.38 billion yuan, while that of the tertiary industry reached 65.24 billion yuan, decreasing by 4.2 percent year-on-year.
The city's added value of industrial enterprises above designated size saw a year-on-year decline of 4 percent to 28.81 billion yuan from January to June, which narrowed 4.8 percent from that of the first quarter of the year.
An industrial enterprise above designated size refers to one that has an annual operation revenue surpassing 20 million yuan.
Zhanjiang's total retail sales of consumer goods in the first half of the year was 73.55 billion yuan, down 11.4 percent, which narrowed 5 percent from that of the first quarter of the year.
The total volume of foreign trade of Zhanjiang was 17.96 billion yuan, a year-on-year decrease of 4.5 percent. The exports fell by 24.1 percent to 7.32 billion yuan, while the imports increased by 16.1 percent to 10.64 billion yuan.
The cargo throughput of ports in Zhanjiang in the first half year reached 111 million metric tons, increasing by 2.5 percent from the same period of the previous year, while the container throughput was 609,400 TEUs (twenty-foot equivalent units), a year-on-year increase of 15.4 percent.