Baiyun's economy thrives in Q1 of 2025
Baiyun district. [Photo/WeChat account: gz_baiyunfabu]
In the first quarter of 2025, the economy of Baiyun district operated steadily and improved, with a GDP reaching 75.04 billion yuan ($10.33 billion), a year-on-year increase of 3.7 percent.
In the agricultural sector, the total output value encompassing agriculture, forestry, animal husbandry, and fishery reached 1.42 billion yuan, reflecting a growth rate of 6 percent. The supply and prices of key agricultural commodities, including vegetables and freshwater products, demonstrated concurrent increases, with both the production and output value of vegetables surpassing a 5 percent growth rate.
The total industrial output value of industries above the designated size grew by 2.8 percent, with traditional industries and emerging forces advancing together. The output value of furniture manufacturing and electrical machinery industries surged by over 20 percent, while industrial robots and solar cell production soared year-on-year, achieving industrial upgrades and transformations.
Air cargo transportation at Baiyun Airport saw an increase, with a total cargo and mail throughput of 2.02 million metric tons.
Regarding consumption, the total social retail sales reached 31.6 billion yuan, with basic daily necessities selling well. Hardware and daily goods grew by over 20 percent, while sales of upgraded products like electronic publications and communication equipment increased by more than 50 percent. Online retail sales surged by 21.6 percent year-on-year.
The service industry and investment sectors have demonstrated a synergistic relationship, with operating income for profitable service industries increasing by 13.3 percent. Revenue from the advertising and film screening industries has doubled. Fixed asset investment has accelerated, reaching a growth rate of 5 percent, while industrial investment has surged by 21 percent. Furthermore, year-on-year investments in industrial and technological upgrades rose by 26.9 percent and 62.9 percent, injecting strong momentum into the economy.
The first-quarter economic performance of Baiyun has laid a solid foundation for high-quality development throughout the year.