Qianhai saw robust economic growth in the first half of 2019, recording double-digit growth in its main economic indicators, statistics released by the Qianhai authority at a meeting yesterday morning showed.
The added value of Qianhai-registered companies increased by 19.3 percent year on year in the first half of this year, while fixed asset investment grew by 23.2 percent. The actual use of foreign investment in the first six months reached US$2.53 billion, a 12.1 percent year-on-year growth. Qianhai also recorded 10.1 percent growth in imports and exports in the first five months of the year.
Tian Fu, a member of the Standing Committee of Shenzhen Municipal Committee of the CPC and director of the Authority of China (Guangdong) Pilot Free Trade Zone Qianhai&Shekou Area, attended the meeting, which was presided over by Du Peng, director of the Qianhai Cooperation Zone Authority.
Tian fully praised Qianhai’s economic development achievements in the first half of this year and pledged more efforts will be made to meet the year-end economic growth targets.
He said more emphasis should be placed on institutional innovations and science and technology innovations, which are the two main engines for high-quality development in Qianhai.
Tian said Qianhai should also seize the opportunities provided by Shenzhen-Hong Kong cooperation to push forward its development.
The Qianhai authority has rolled out a series of preferential policies, including an office rent subsidy, to attract more Qianhai-registered companies to return to the free trade area. Startup funds and housing and transport allowances are also offered to attract more youths from Hong Kong and Macao to work and start businesses in Qianhai.
Du Peng said that it is necessary to promote institutional innovation in order to create a world-class business environment, accelerate the construction of science and technology infrastructure and major platforms, and introduce high-end talents.
Officials from the Qianhai Party working committee, the enterprise registration bureau of the city’s market supervision commission, Bureau of Statistics of Nanshan District, Nanshan Subdistrict, Shekou Customs, Qianhai Taxation Bureau and Qianhai Cooperation Zone Authority also attended the meeting.