Shenzhen’s gross domestic product (GDP) grew 6.3% year on year in the first half of this year to reach 1.62976 trillion yuan (US$228 billion), according to the official data released by the Shenzhen Municipal Statistics Bureau on July 28.

The added value of the secondary industry was 568.198 billion yuan, up by 4.8% year on year, while that of the tertiary industry was 1.06 trillion yuan, up by 7.2% year on year.

The city’s overall economic performance has shown a positive recovery, data showed.

Industrial production steadily rebounded in the first half. The added value of industries above a designated size — enterprises with an annual revenue of 20 million yuan or more — increased by 3.9% year on year.

The added value of the auto industry increased 89.7%. The production of major high-tech products continued to grow rapidly, with the production of new energy vehicles and charging piles increasing by 170.2% and 32.6%, respectively.

Fixed-asset investment rose by 13.1% year on year in the first half, data showed.

The city’s market sales posted strong recovery, with the total retail sales of consumer goods going up 11.5% year on year to reach 500.02 billion yuan.

There was a modest rise in consumer prices, which grew by 1.0% compared with the same period last year. Among them, the prices of food, tobacco and alcohol increased by 3%, while that of housing decreased by 0.2%. Prices of education and entertainment increased 2.5%, while health care prices increased by 0.1%.