Nansha's GDP growth rate tops in first quarter

Nansha achieved a GDP of 33.46 billion yuan ($4.97 billion), a year-on-year increase of 11.9 percent in the first quarter of this year.

The growth rate was 4.9 percentage points higher than the full-year target, ranking first in Guangzhou.

Cai Chaolin, member of the Standing Committee of the CPC Guangzhou Municipal Committee and Party secretary of the CPC Nansha District Committee, said that Nansha should grasp the opportunity of Guangdong-Hong Kong -Macao Greater Bay Area construction and promote the building of platforms, talent systems, policies and projects.

The district should improve its business environment and attract investment to boost economic strength, Cai noted.

It is necessary to make an early layout, especially of the reconstruction of old towns, factories and villages and settlement area construction, according to Cai.

In addition, significant projects must be completed on a timely basis. Nansha also should pay attention to rural revitalization, he added.

Dong Ke, deputy secretary of the CPC Nansha District Committee and mayor of Nansha district, said that Nansha must further stimulate the vitality of private enterprises, saying that it should pay attention to the construction of key platforms such as Qingsheng, Wanqingsha and Dagang and strengthen support for enterprises.

Since the beginning of this year, Nansha has promoted the real economy development and continuously optimized its industrial structure and the economy in the whole district has achieved a good start, he said.

Statistics showed that in the first quarter of 2019, the secondary industry is still the main driving force for economic growth. The added value of the primary industries was 1.01 billion yuan, accounting for three percent of the region’s total GDP and driving it upwards by 0.1 percentage points with a growth contribution rate of 0.85 percent.

The added value of the secondary industries was 21.15 billion yuan, or 63.2 percent of the total GDP. The rate of contribution to growth reached 73.14 percent and the sector spiked the region's GDP by 8.7 percentage points.

The added value of the tertiary industry was 11.20 billion yuan, accounting for 33.8 percent of the total GDP and driving the region's GDP growth by 3.1 percentage points; its growth contribution rate was 26 percent.

The construction industry and other profit-making services achieved the fastest growth in the first quarter, data showed.