Since the beginning of this year, Huadu District has been fully committed to boosting the economy. Adhering to the principle of "seeking progress while maintaining stability, and promoting stability through progress,” the District took a variety of measures to drive dual progress in optimizing the existing base and expanding new growth, accelerate the optimization and upgrading of industrial structure, and facilitate the continuous transformation of new and old growth drivers. The focus of the entire District was placed on concentrated breakthroughs in advantageous fields, such as automobile manufacturing, modern commerce, and airport economy; industrial ballast stones continued to be strengthened; new growth areas in the service sector emerged rapidly; consumption and investment coordination was accelerated; the overall economic experienced steady expansion in output, continuous optimization in structure, and quicken accumulation in momentum.

　　According to the unified accounting results of Guangzhou's regional GDP, Huadu District's regional GDP in the first three quarters of this year reached 142.821 billion yuan, a year-on-year increase of 5.8% at constant prices. To be specific, the added value of the primary industry was 3.518 billion yuan, up 3.2% year-on-year; the added value of the secondary industry was 54.983 billion yuan, up 7.3% year-on-year; and the added value of the tertiary industry was 84.319 billion yuan, up 4.9% year-on-year.

　　Promote accelerated development of both industry and commerce

　　"Dual Drives" of advanced manufacturing and modern services

　　On the field of industrial iteration and upgrading, Huadu continues to make strong efforts. On one hand, efforts are being made to promote the "rejuvenation of old trees" in traditional advantageous industries: Hongchen Leather Goods, Huadu's first pilot enterprise for digital "lighthouse factories," has put into operation its independently developed digital luggage production line. On the other hand, efforts are being made to cultivate future-oriented "new trees": the Greater Bay Area's "Green Energy Valley" cluster is gaining momentum, which is testified by the facts that Gokin Photovoltaic Module Industrial Park and other major projects have been put into operation, and the grid-connected photovoltaic capacity of 894,000 kilowatts ranks first in the city; and new carriers such as the Low-Altitude Economy Industrial Park and Xiuhu Innovation Future City has developed at accelerated pace, and attracted cutting-edge projects like Qingbao Robotics and regional cell banks to settle in.

　　In the first three quarters of this year, the added value of industrial enterprises above designated size in Huadu District increased by 10.2% year-on-year. All six major industries ranking top in terms of added value in the District saw comprehensive growth, among which electrical machinery and equipment manufacturing, chemical raw materials and chemical products manufacturing, and automobile manufacturing maintained double-digit growth, with year-on-year increases of 19.7%, 13.3%, and 13.0% respectively.

　　Driven by advanced manufacturing, Huadu's modern service industry has expanded in size and improved in quality, demonstrating accelerated pace of "industry integration." This summer, the passion for Yue BA (Guangdong City Basketball League) was contagious across the city. The boundary of the basketball sport was expanded infinitely from the court to the night market, elevating the sports event to a festival. Huadu has created a vibrant "living room of one’s own," where a single ticket put into motion consumption activities along the entire chain from dining, accommodation, transportation, travel, shopping, and entertainment, turning "passing traffic" into "retained traffic," and "sports competition" into "sports markets." From January to August, the operating income of service enterprises above designated size in the District increased by 11.8% year-on-year. Among them, the operating income of for-profit service enterprises above designated size in the District increased by 15.6% year-on-year. Among the main industries, scientific research and technical services sector, leasing and business services sector, and culture, sports, and entertainment sector grew by 23.4%, 23.4%, and 8.9% respectively.

　　Project introduction and construction advance rapidly and steadily

　　Effective investments provide solid "hard support" for growth. Since the beginning of this year, the effect of national-level economic development zone platform has been continuously unleashed. Guangzhou International Commercial Port, with a total investment exceeding 100 billion yuan, began investment attraction immediately upon launch of project. Huadu District has achieved outstanding results in investment attraction, signing contracts for 242 projects in the first three quarters, including Guangdong Welion Solid-State Battery Industrial Park, Jereh Regeneration’s South China Headquarters and Production Base, Golden Empire AI Computing Power Liquid Cooling Plate Intelligent Manufacturing, and Sam's Club, with total investment value exceeding 100 billion yuan. The advantages of transportation hub are rapidly translating into development growth. In the first three quarters, fixed asset investment in the District grew by 5.3% year-on-year, with industrial investment up 8.4% year-on-year. By industry, the primary, secondary, and tertiary industries grew by 2.1%, 8.3%, and 3.9% year-on-year, respectively.

　　Cultural tourism scenarios are being upgraded and iterated

　　Online and offline synergy unleashes "new momentum". Since the beginning of this year, Huadu's cultural tourism consumption market has been booming, attracting many giants to "hold heavy positions." Guangzhou CTG Wave Chasing Super Park was launched, the 103-meter Ferris wheel, the tallest of Guangzhou, officially rotated at Sunac Cultural Tourism City, the 10-kilometer lakeside trail around Xiuhu Lake was fully opened, and Panyuehui, Huadu's first commercial street with direct metro access, opened for business. Cultural tourism venues such as Sunac and Jiulong Lake became highly popular, with number of visitors increasing by 8.28%, and total cultural tourism consumption growing by 12.63%. In the first three quarters, the District recorded a total retail sales of consumer goods of 60.48 billion yuan. From the perspective of business structure, retail sales of goods achieved by units above designated size through public networks account for 46.0% of the District's total retail sales of consumer goods; and the online and offline empowerment has activated a vibrant consumer market.

　　Next, Huadu District will ride the momentum and continue to make efforts. Adopting the attitude of "fighting to the end to win," and adhering to the development strategy of "AI leads, manufacturing innovates, commerce breaks new grounds, cultural tourism surges, and airport takes off," the District will seize favorable opportunities, focus on increasing investment in projects, improve quality, expand capacity, and boost consumption, optimize the environment to gather momentum, and go all out to perform well in the fourth quarter. During the critical period of the 15th Five-Year Plan, Huadu will concentrate to run at Huadu speed, build Huadu momentum, and showcase Huadu style to make greater contributions to the overall development of Guangdong province and Guangzhou city.