The regional GDP of Tianhe district in Guangzhou reached 151.34 billion yuan ($22.91 billion) in the first quarter of 2022, with a year-on-year increase of 5.1 percent and accounting for 22.4 percent of the city's total, the district announced on April 27.

The added value of its secondary industry was 9.33 billion yuan, up 2 percent year-on-year, while that of its tertiary industry was 141.97 billion yuan, increasing by 5.3 percent year-on-year.

The added value of the district's five leading industries – finance, new-generation information technology, modern commerce and trade, high-end professional services, as well as the modern urban industry – totaled 106.01 billion yuan, accounting for 70 percent of the district's GDP.

Tianhe district. [Photo/WeChat account: tianhefabu]

From January to March, the total retail sales of consumer goods in Tianhe saw an increase of 18.6 percent. Its leasing and business services above designated size generated 11.15 billion yuan in revenue, up 15 percent.

The 130 district-level key projects completed 6.27 billion yuan in investment in the first quarter of this year, accounting for 25.8 percent of the annual planned investment. The 101 city-level projects that Tianhe is in charge of completed 6.15 billion yuan in investment, making up 30.4 percent of the annual planned investment. The district's fixed-asset investment rose by 10.4 percent from January to March.

Guangzhou International Financial City completed 1.69 billion yuan in investment in the first quarter of this year, up 63.8 percent, while Tianhe Intelligence Business District started construction on two key industrial projects and introduced six new enterprises, each with a registered capital of over 100 million yuan. In addition, Tianhe Road Business District added 12 first stores in Guangzhou.

From January to March, Tianhe had newly added 17,000 new enterprises, as well as 238 enterprises above designated size, up 25.3 percent. It newly introduced 36 projects, with a total investment of 16.3 billion yuan, of which three were invested by Fortune Global 500 companies. A total of 184 foreign-invested companies were newly established in the district, with an actually used foreign capital of $377 million, up 39.9 percent.