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Economic development

Haikou's Economic Development Soars in the First Half of the Year

Strategic Insights

— 1 min read

Haikou, a city located on the island province of Hainan in southern China, has experienced a remarkable surge in economic development during the first half of the year. According to official statistics, the city's GDP reached 108.085 billion yuan, a year-on-year increase of 5.4%. This achievement is attributed to the implementation of General Secretary Xi Jinping's instructions on Hainan's work, as well as the strong leadership of the provincial party committee and the provincial government.

Key Takeaways:

  • The city's GDP reached 108.085 billion yuan, a year-on-year increase of 5.4%, with the added value of primary, secondary, and tertiary industries increasing by 4.2%, 6.6%, and 5.2% year-on-year respectively.
  • Haikou attracted and implemented 63 key investment projects, among which the Bitmain project contributed 1.62 billion yuan in industrial added value.
  • The total output value of agriculture, forestry, animal husbandry, and fishery increased by 4.6% year-on-year.
  • The total import and export volume of goods was 40.86 billion yuan, a year-on-year increase of 5.4%.
  • The city received 15.3557 million tourists, an increase of 8.8% year-on-year, with a total expenditure of 24.823 billion yuan, an increase of 8.4% year-on-year.
  • The city focused on improving the international aviation network and accelerating the cultivation of new scenarios, new formats, and new products for tourism and cultural consumption.
  • The Haikou International Investment Promotion Bureau played a crucial role in promoting high-quality projects, establishing a special channel for investment information, and strengthening the linkage between the city and districts.

Statistics:

  • GDP:

+ 108.085 billion yuan (1H 2024)

+ 5.4% year-on-year increase

  • Industrial added value:

+ 16.8% year-on-year increase

  • Total output value of agriculture, forestry, animal husbandry, and fishery:

+ 4.6% year-on-year increase

  • Total import and export volume of goods:

+ 40.86 billion yuan (1H 2024)

+ 5.4% year-on-year increase

  • Number of tourists:

+ 15.3557 million (1H 2024)

+ 8.8% year-on-year increase

  • Total expenditure of tourists:

+ 24.823 billion yuan (1H 2024)

+ 8.4% year-on-year increase

Sources:

  • Haikou Municipal People's Government
  • Haikou Daily
  • Haikou Economic and Information Technology Bureau
  • Haikou International Investment Promotion Bureau
  • Hainan Provincial Government

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