In April of this year, Guangzhou's auto industry, especially parts and components manufacturing, achieved remarkable performance. The output value of the component manufacturing industry almost doubled from the same period of last year.
The Guangzhou Municipal Bureau of Statistics recently released statistical data on Guangzhou's economic operation in April. According to the report, the output value of the automobile manufacturing industry increased by 39.8% year-on-year, of which the output value of auto parts manufacturing increased by 98.8% year-on-year.
These two growth rates are far higher than the other two of the three pillar industries in the city - the year-on-year growth rate of electronic product manufacturing and petrochemical manufacturing (17.4% and 6%). The three pillar industries mentioned above collectively completed a total industrial output value of 24.416 billion yuan, a year-on-year increase of 20.1%.
The report also shows that from January to April, real estate sales in commercial housing in Guangzhou grew rapidly. The city’s commercial housing sales contract value was 5.007 billion yuan, a year-on-year increase of 38%, and the existing home sales area was 0.909 million square meters, up 14.5% year-on-year. The area of ​​housing completed in the city was 3,302,200 square meters, an increase of 50.5% year-on-year.
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