Hengqin Integration Development Vitality and Service Industry | Cooperation Zone | Hengqin
This report reports that the economic performance report of Hengqin Guangdong Macao Deep Cooperation Zone in the first half of the year has been released. According to the preliminary calculation of regional GDP, the cooperation zone achieved a regional GDP of 23.634 billion yuan in the first half of the year, a year-on-year increase of 3.0%, showing an overall trend of stabilization and recovery, demonstrating the resilience and vitality of integrated development.
In the first half of the year, the decline in added value of industries above designated size in the cooperation zone narrowed. The electricity, heat production, and supply industries saw a significant increase of 114.3%. The consumer market is showing a good upward trend, with a significant increase in contact consumption. In the first half of the year, the total retail sales of consumer goods in the cooperation zone reached 1.225 billion yuan, a year-on-year increase of 54.7%.
In terms of the service industry, the overall recovery trend continues, with the clustered service industry growing rapidly. In the first half of the year, the added value of the service industry in the cooperation zone was 21.547 billion yuan, a year-on-year increase of 4.1%. Among them, the added value of cultural, sports and entertainment industries, accommodation and catering industries, scientific research and technology services industries, leasing and business services industries, and financial industries increased by 63.1%, 16.2%, 10.5%, 4.8%, and 2.9%, respectively. From January to May, the service industry above designated size in the cooperation zone achieved a revenue of 23.432 billion yuan, a year-on-year increase of 81.8%. Among them, the operating income of other for-profit service industries was 14.023 billion yuan, a year-on-year increase of 29.4%. Wu Shengzhou, a member of the National Youth Federation, stated that the growth of the cultural, sports, and entertainment industries in the cooperation zone reached 63.1%, which is a high-quality manifestation of the regional quality of life and consumption level, providing a good environment for young people in Guangdong and Macao to start businesses and innovate.
The absorption of foreign investment by the cooperation zone has also achieved a significant increase. In the first half of the year, the actual amount of foreign direct investment absorbed by the cooperation zone was 722 million US dollars, a year-on-year increase of 1.5 times. In terms of employment, the number of registered employees in the cooperation zone has steadily rebounded. At the end of June, there were 71033 registered employees in the cooperation zone, a year-on-year increase of 5.1% and an increase of 8.5% compared to the end of March. Among them, 4390 new registered employees were added this year. Looking at different industries, the employment registration numbers in the information transmission, software and information technology services, finance, scientific research, and technology services industries increased by 19.4%, 20.0%, and 23.0% year-on-year, respectively. Professor Huang Rihan from the School of Journalism and Communication at Central University for Nationalities stated that the increase in cultural output and employment in the information transmission industry indicates that the cooperation zone has achieved significant results in promoting the moderate and diversified development of Macau's industries. The function of facilitating the daily life and employment of Macau residents is further enhanced, and the attractiveness of the cooperation zone's institutional mechanism is being released.
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In the first half of the year, the number of operating entities in the cooperation zone steadily increased, and investment enterprises in Macau grew rapidly. As of the end of June, there were 55370 enterprises in the cooperation zone, a year-on-year increase of 1.9%; Among them, there were 5688 Macau investment enterprises, a year-on-year increase of 15.3%. Regarding this, Tao Feng, Dean of the Industrial Economics Research Institute at Jinan University, stated that various data from the cooperation zone in the first half of the year showed that the policy of promoting the diversification of Macau's industrial structure in the cooperation zone has achieved phased positive results, and has also opened up more and better employment opportunities for Macau's youth.