Maoming GDP hits 183b yuan in H1

In the first half of 2023, the GDP in Maoming reached 183 billion yuan ($25 billion), an increase of 2.9 percent.

Of that, the added value of the primary industry was 31.33 billion yuan, up 4.9 percent year-on-year, the secondary industry was 67 billion yuan, down 0.3 percent year-on-year, while the tertiary industry was 84.74 billion yuan, up 4.2 percent.

The combined total output value of the agriculture, forestry, animal husbandry and fisheries sectors in Maoming reached 54.26 billion yuan in the first half year, a year-on-year increase of 5.2 percent and increasing by 1.5 percentage points compared with the first quarter.

The output values of these individual sectors increased by 4.8 percent, 15.3 percent, 2.2 percent, 3.9 percent, and 19.4 percent respectively.

The spring grain area in Maoming covered 400,200 hectares, an increase of 8.8 percent, with a yield of 123,100 metric tons, an improvement of 8.1 percent.

Fruit production reached 2.16 million tons, a rise of 3.2 percent, including 620,900 tons of litchis, up 12.8 percent and 329,300 tons of plums, up 10.2 percent.

This Maoming vinyl plant has an annual production capacity of 1.1 million tons. [Photo/WeChat account: maofabu]

In the first half of the year, Maoming's industrial added value increased by 0.5 percent year-on-year, 2.6 percentage points higher than that of the January to May period and 6.6 percentage points higher than the first quarter.

Maoming's fixed asset investment advanced by 1.5 percent, of which infrastructure investment gained by 23.8 percent. Of that, investment in the primary industry grew by 34 percent, investment in the secondary industry by 3.4 percent and investment in the tertiary industry by 0.4 percent.

Maoming's total retail sales of consumer goods reached 76.49 billion yuan, a year-on-year increase of 5.5 percent, an increase of 2.3 percentage points compared with the first quarter.

The balance of RMB and foreign currency deposits in Maoming's financial institutions reached 395.66 billion yuan, a year-on-year increase of 7.5 percent. The loan balance was 257.39 billion yuan, an increase of 12 percent, while the loan-to-deposit ratio was 65.1 percent.

Total household expenditure in Maoming reached 22.58 billion yuan, accounting for 85.2 percent of total expenditure, an increase of 1.7 percentage points compared with the first quarter. Per capita disposable income of Maoming residents was 15,256 yuan, an increase of 5.2 percent.