According to data released by the Shenzhen Municipal Statistics Bureau, during this period, the added value of industries at and above the designated scale increased by 4.2% year on year.

Among major industry categories, automotive manufacturing registered an impressive 73.7% surge in added value, followed by electricity and heat production and supply at 17.1%, and specialized equipment manufacturing at 10.5%.

Fixed asset investment increased by 13.1% during the first eight months of the year. Investments in the secondary industry grew by 47.7% year on year, while investments in the tertiary industry saw an increase of 6.3% during the same period.

The total retail sales of the city’s consumer goods exceeded 675 billion yuan (US$94.03 billion) from January to August, posting a growth of 8.4% year on year.

The city’s foreign trade reached 2.37 trillion yuan in the first eight months of the year, an increase of 8.1% year on year. Exports rose by 19.4% to reach 1.49 trillion yuan, while imports amounted to 872.66 billion yuan.

By the end of August, the balance of domestic and foreign currency deposits in financial institutions (including foreign-funded institutions) in the city reached about 13.16 trillion yuan, up by 9.4% year on year.