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Shenzhen's GDP hits 1.15 trln in 2011

Feb. 7, 2012 (China Knowledge) - Shenzhen, which is a major city in the south of Southern China's Guangdong Province and is the country's first special economic zones, saw its gross domestic product rise 10% year on year to RMB 1.15 trillion last year, according to data from the local statistics bureau.

In terms of total GDP, Shenzhen was ranked fourth among all Chinese cities after Shanghai, Beijing and Guangzhou, and was followed by Tianjin, Chongqing and Suzhou of Jiangsu Province.

The city saw a further rise in the proportion of the tertiary industry, whose value-added output accounted for 53.5% of the city's total GDP.

The city's economic growth was mainly driven by its four pillar industries namely, the financial sector, logistics sector, culture industry and the high-tech industry, whose value-added output reached RMB 156.24 billion, RMB 109 billion, RMB 77.1 billion and RMB 355 billion respectively.

The biological industry generated RMB 17.50 billion last year, 24% more than in 2010, and the Internet industry generated RMB 138.07 billion, up 18.9% year on year. The value-added output generated by the new energy industry grew 20.7% to RMB 25.41 billion.

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