Shenzhen per capita GDP reaches $15,000

Per capita GDP in Shenzhen reached $15,000 in the first nine months of 2013, and is expected to exceed $20,000 by the end of the year, Shenzhen Statistics Bureau says.

Statistics from the authorities show Shenzhen recorded GDP growth of 9.7 percent in the first three quarters.

Six strategic industries — biology, the Internet, new energy, new materials, information technology, and cultural and creative industry, contributed more than 50 percent of GDP growth and have become the city's main growth engines.

Shenzhen's economic growth has improved significantly on three fronts.

Domestic sales of industrial products reached 50 percent for the first time; social investment accounted for more than 80 percent of fixed-asset investment; and the percentage of tax revenue was more than 90 percent of the public budget revenue.

Meanwhile, energy consumption continues to decline.

Spending in the education, health, transport and another nine sectors comprised 63.8 percent of all public spending, a 6.8 percent increase year-on-year.