More than 2 million people have found Zhuhai an ideal place to live and work as shown by a GDP that grew by 6.8 percent year-on-year to 343.6 billion yuan ($48.5 billion) in 2019.
Per capital GDP in the city averaged 175,500 yuan ($24,745), according to the Statistical Communiqué of Zhuhai on 2019 National Economic & Social Development. The document was recently released by the Statistics Bureau and local survey team of the National Bureau of Statistics.
In 2019, the total industrial output value of enterprises above designated size grew 3.3 percent year-on-year to 462.8 billion yuan ($65.3 billion), with the value added of industrial enterprises above designated size rising by 4 percent from the previous year.
The actual investment by countries along the Belt & Road Initiative totaled $120.5 million, representing a year-on-year increase of 1,976.4 percent. As of late December, there were 20,248 foreign-invested enterprises in Zhuhai, with a total contractual investment of $76.6 billion and actual investment of $33 billion.
By the end of 2019, Zhuhai was home to 2,203 hi-tech enterprises, including 647 newly recognized ones. There were 28 domestically listed enterprises valued at 629.53 billion yuan ($88.8 billion) and 10 overseas listed enterprises in the city.
In addition to a promising economic outlook, Zhuhai has an advantageous location, attractive talent policies, exceptional ecological environment, and well-developed healthcare, education, and transport systems. It led the Top 10 Livable Cities in China in 2019 with a score of 90.13.
As a result, the number of permanent residents reached 2.02 million with 132,600 newcomers by late December, with a population growth rate of 7 percent ranking 1st in Guangdong Province.
Per capital income exceeded 50,000 yuan ($7,050) for the first time, 13,481 yuan ($1,901) higher than the provincial average and 21,762 yuan ($3,068) above the national average. The income level is rated 5th among nine Pearl River Delta cities and growth rate places third. Disposable personal income per capita for residents reached 52,500 yuan ($7,400) in 2019, up 9.1 percent compared with the previous year.
Apart from a sound income, city expenditures on nine livelihood items rose 8.9 percent to 43.60 billion yuan ($6.15 billion) in 2019. This accounted for 71 percent of the general public budget expenditure, which rose by 7.5 percent year-on-year to 61.6 billion yuan ($8.7 billion).