Xiangzhou District, Zhuhai

A conference is held on July 31 to analyze Xiangzhou's economic situation in the first half of this year.

The GDP of Xiangzhou District increased by 8.4 percent year-on-year to 65 billion yuan ($9 billion) in the first half of 2019, accounting for 43.8 percent of the city's total, according to an economy analysis conference on July 31.

Its added value for industrial enterprises above designated size and total retail sales of consumer goods both ranked first in Zhuhai, while the general public budget revenue placed second with a double-digit growth rate of 10.4 percent.

Furthermore, the proportion of primary, secondary, and tertiary industries was 0.03:34.28:65.69. The tertiary sector, which recorded an added-value of 42.68 billion yuan ($6 billion) in the first six months of this year, has become an increasingly important driving force in the district's economic growth.

Liu Qiying, head of Xiangzhou District, speaks at the conference. [Photos courtesy WeChat account: zhxiangzhou]  

In the second half of this year, Xiangzhou will push forward the renovation of old industrial zones and the construction of innovation carriers. It will encourage industrial enterprises to go through transformation and upgrading relying on Internet Plus, artificial intelligence, and other cutting-edge technologies.

The Modern Service Industrial Belt along Jiuzhou Avenue will be bolstered into a central business district (CBD) of Xiangzhou. High-end industries like cross-border e-commerce, supply chain, and characterized finance will be put on track for aggregated development.

Consumption will also be fostered as a new economic driver. In addition to the development of the nighttime economy, the district will roll out a targeted campaign to bring out the purchasing power of younger residents.