Shenzhen's gross domestic product(GDP) was 1.5 trillion yuan ($222.4 billion) in the first half of this year, up 3.0% year on year, the city bureau of statistics said on July 26. 

Shenzhen has effectively coordinated epidemic prevention and control and economic and social development, adhered to the general principle of seeking progress while maintaining stability, and the economy has shown a steady recovery and steady progress, the bureau said in a statement.

In the first half of the year, the added value of industries above the designated size in the city increased by 5.9% year on year, 3.6 percentage points higher than that in the first quarter.

At the same time, the city's fixed asset investment increased by 14.7% yearly, 9.8 percentage points higher than that in the first quarter. Notably, industrial investment in Shenzhen increased by 50.8%, of which manufacturing investment increased by 45.9%, and investment in the real estate industry raised by 10.5%.

In the first half of the year, the total retail sales of consumer goods in the city were 448.3 billion yuan, the same period last year.

Furthermore, the city's total import and export volume was 1.62 trillion yuan, an increase of 1.4% yearly and 4.2 percentage points over the first quarter. Among them, exports were 914.25 billion yuan, an increase of 7.1%, and imports were 701.01 billion yuan, down 5.2%.

Experts said that although Shenzhen's economy's stable and positive trend has not changed, the downward pressure on the global economy remains, and uncertainties still exist. That requires the government to show more confidence and determination to overcome the difficulties.