Haizhu district reported its first quarter economic growth on May 19, which made a good start with expanded demand and enhanced market vitality.

Haizhu's GDP came in at 58.41 billion yuan ($9.17 billion) in Q1, surging 23.1 percent on a yearly basis.

The fixed-asset investment of Haizhu reached 7.05 billion yuan, a year-on-year growth of 38.6 percent.

Moreover, the 59 city-level key construction projects of Haizhu received investment of 4.91 million yuan, 34.7 percent of its annual target.

Data shows that the Q1 revenue of catering and accommodation in Haizhu district jumped by 77.8 percent year-on-year to 2.05 billion yuan, which mirrors China's economic recovery amid the COVID-19 pandemic.  

As for the service industry, the revenue of profit-making enterprises above designated scale in the first two months of 2021 was 14.36 billion yuan, an increase of 46.7 percent year-on-year. In the modern IT service industry, revenue from January to February grew 33 percent on a yearly basis to 7.13 billion yuan.