Chinese economyresearch report

Shenzhen Financial Operation Report From People’s Bank of China

The following is the Shenzhen Financial Operation Report From People’s Bank of China recommended by And this article belongs to the classification: Chinese economy, research report.

In 2020, Shenzhen will comprehensively promote epidemic prevention and control and economic and social development, do a solid job in the “six stability” work, and fully implement the “six guarantees” task. Shenzhen’s economic operation will show a trend of stability, improvement of quality and efficiency.

First, domestic demand recovered steadily and foreign demand grew against the trend. In the whole year, the regional GDP reached 2.77   Trillion yuan, a year-on-year increase of 3.1%, 0.8 percentage points higher than that of the whole country. The investment structure was continuously optimized, and the investment in fixed assets increased by 8.2% year-on-year; Affected by the epidemic, the total retail sales of social consumer goods decreased by 5.2% year-on-year, and the growth rate of sales of upgraded consumer goods accelerated; The import and export scale was driven by the export of housing economy, epidemic prevention and other related products, with a year-on-year increase of 2.4%. The overall price level was stable. The consumer price index rose by 2.3% year-on-year, and the ex factory price index of industrial producers fell by 1.0% year-on-year.

Second, the industrial structure was continuously optimized. The leading advantages of the tertiary industry continued to expand. In 2020, the added value of the tertiary industry increased by 3.9% year-on-year, and the added value growth of the financial industry, information transmission, software and information technology services reached 9.1% and 11.3% respectively, becoming the main force driving the growth of the tertiary industry.

Third, scientific and technological innovation plays a prominent role in stimulating the economy. In 2020, the added value of industries above Designated Size in the city increased by 2.0% over the previous year. The added value of advanced manufacturing industry and high-tech manufacturing industry accounted for 72.5% and 60% of industries above Designated Size respectively   66.1%, and the added value of strategic emerging industries increased by 3.1% over the previous year. Since 2015, the R & D investment of the whole society has increased by 16.0% annually.

Fourth, fiscal expenditure is active and promising, and strong support is provided in key areas. Shenzhen spent 283.85 billion yuan on nine categories of people’s livelihood, accounting for nearly 70% of fiscal expenditure; In the whole year, about 110 billion yuan was cut in taxes and fees for market players.

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