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Statistics back optimism as Zhuhai economy recovers

Plataforma - Macau

Economic rebound is described as robust for Zhuhai, the mainland city next to Macau, despite a drop in local Gross Domestic Product (GDP) of 2.5 percent year-on-year to 159 billion yuan (€14.9 billion) in the first half of this year, according to the city’s official website.

In terms of foreign trade, the import-export value plummeted 14.6 percent to 117.8 billion yuan (€14.4 billion), 2.8 percentage points lower than that of the first quarter.

The number of newly established foreign-funded enterprises increased by 122.6 percent to 1,249 during the January-June period, and 1,045 of them are in Hengqin New Area. The actual use of direct foreign investment rose by 6.2 percent to €1.38 billion.

As of late June, Zhuhai was home to 364,800 business entities, with the number of newly established ones having grown by 4.5 percent year-on-year to 21,200.

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