On July 23rd, the Guangdong Provincial Bureau of Statistics released the province's economic performance data for the first half of the year. During the period, Guangdong's gross domestic product (GDP) reached 7.23 trillion yuan, up 4.5% year on year at constant prices. The province's economy accounted for approximately 10.4% of the national total during the same period, maintaining its position as the largest provincial economy in China.

More noteworthy than the overall economic size is the profound change taking place in the composition of growth. In the first half of the year, the industrial, financial and information services sectors together contributed more than 70% of Guangdong's economic growth, with industry alone accounting for 44%, making it the primary growth engine. The value added of the advanced manufacturing sector increased by 6.9%, while high-tech manufacturing grew by 11.1%. These sectors accounted for 57.2% and 35.8%, respectively, of the province's industrial output above the designated size, up 1.8 and 2.8 percentage points from the same period last year.

Output of "Guangdong smart manufacturing" products, including industrial robots, 3D printing equipment and integrated circuits, maintained double-digit growth, rising by 34.2%, 51.8% and 29.7%, respectively. Green products also recorded strong momentum, with output of new energy vehicles and lithium-ion batteries increasing by 48.4% and 32.2%, respectively. The optimization and upgrading of the industrial structure have strengthened the foundation of Guangdong's economy while injecting innovative vitality into high-quality development.

External markets also remained robust. In the first half of the year, Guangdong's total imports and exports of goods reached 5.49 trillion yuan, exceeding 5 trillion yuan for the first time in the same period of any year, up 20.8% year on year. The province accounted for 21.6% of China's total foreign trade and contributed 25.6% of the country's overall foreign trade growth. Exports of electromechanical products totaled 2.27 trillion yuan, an increase of 16%, accounting for more than 70% of the province's total exports. Among them, integrated circuit exports reached 266.7 billion yuan, up 61.4%. Exports of drones, high-end machine tools and industrial robots increased by 24.6%, 20.1% and 16.8%, respectively, indicating that high value-added products are becoming the main drivers of Guangdong's export growth.

向新向优！广东经济发展韧性增强

7月23日，广东省统计局公布今年上半年广东经济运行数据。上半年，全省实现地区生产总值72281.05亿元，按不变价格计算，同比增长4.5%。广东经济总量约占同期全国的10.4%，继续稳居全国首位。

比总量更值得关注的，是增长的内部结构正在发生深刻变化。上半年，工业、金融业、信息服务业三大领域对经济增长合计贡献率超70%，其中工业贡献率达44%，成为增长的核心引擎。上半年，先进制造业增加值增长6.9%，高技术制造业增加值增长11.1%，分别占全省规模以上工业比重达57.2%和35.8%，比上年同期分别提高1.8个和2.8个百分点。

工业机器人、3D打印设备、集成电路等“广东智造”产量保持两位数增长，分别增长34.2%、51.8%、29.7%；绿色产品增势同样良好，新能源汽车、锂离子电池产量分别增长48.4%、32.2%。产业结构的优化升级，夯实了广东经济的底盘，也为高质量发展注入了创新活力。

外部市场同样强劲。上半年，广东货物贸易进出口5.49万亿元，历史同期首次突破5万亿元，增长20.8%，占全国外贸的21.6%，对全国外贸增长的贡献率达25.6%。出口机电产品2.27万亿元，增长16%，占全省出口总值超七成；其中集成电路出口2667亿元，增长61.4%，无人机、高端机床、工业机器人出口分别增长24.6%、20.1%、16.8%，高附加值产品正成为出口主力。

文｜陈泽云
译｜郑书悦
英文审校｜曾敏