Storage Chip Production Soars 50.8%, Becoming a Key Growth Driver as Guangdong's Jan-Apr Economic Data Reveals Robust Signals

Deep News
05/29

On May 29, the Guangdong Provincial Bureau of Statistics released economic data for the January to April period. In the first four months of this year, the province effectively implemented various policy measures, resulting in an overall stable economic performance. The specific performance is as follows:

Industrial production operated steadily. From January to April, the value added of industrial enterprises above the designated size in the province increased by 3.9% year-on-year. By sector, the manufacturing of computers, communication, and other electronic equipment grew by 12.7%, maintaining a rapid double-digit growth rate. By product, high-tech products showed strong growth momentum, with the output of industrial robots, 3D printing equipment, integrated circuits, and storage chips increasing by 32.3%, 57.0%, 30.8%, and 50.8%, respectively. Some household appliance products also maintained relatively fast growth, with the output of household refrigerators and household washing machines rising by 19.5% and 14.8%, respectively.

The scale of market sales expanded. From January to April, the total retail sales of consumer goods in the province grew by 1.4% year-on-year. By consumption category, retail sales of goods by units above the designated size increased by 0.1%, while catering revenue from units above the designated size rose by 5.7%. Some upgraded consumption categories showed favorable growth trends, with retail sales of communication equipment and new energy vehicles by units above the designated size increasing by 20.0% and 7.6%, respectively.

Investment in new growth drivers grew rapidly. From January to April, investment in the province's high-tech industries increased by 21.7%. Within this, investment in the manufacturing of electronic computers and office equipment surged by 152.6%. Investment in internet and related services, as well as software and information technology services, grew by 714.1% and 29.1%, respectively. Investment in research and experimental development rose by 82.6%.

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