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Economic Growth
Shenzhen boasts one of the most robust and fastest-growing economies since China adopted a policy of opening-up and reform. By the end of 2004, the gross domestic product (GDP) of Shenzhen reached 342.88 billion yuan, with a year on year increase of 17.3 percent.
The primary industry and the secondary industry reported in 2004 an added value of 1.418 billion yuan, a 19.8 percent decrease, and 210.814 billion yuan, a 21.3 percent increase, respectively, while tertiary industry output was 130.48 billion yuan, up 11.3 percent. GDP per capita in the city is US$7,171.
The city's total fixed asset investment in 2004 was 109.014 billion yuan, a 23.8 percent increase. Consumer retail products amounted to 91.545 billion yuan, an increase of 14.2 percent. The city's total import and export volume added up to US$147.283 billion, an increase of 25.5 percent, among which 77.846 billion is export and 69.437 is import. Its container throughput ranked fourth in the world. High and new technologies, logistics, information and finance serve as pillars in the city's economic development. Commerce, tourism and real estate also play an important role in the city.
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