1、JLL Value and Risk AdvisoryYRD|August Yangtze River Delta Non-bondedGrade A Logistics Real EstateMarket OverviewQuarterly Report Q2 20242YRD Macroeconomic OverviewYRD Non-bonded Grade A Logistics Real Estate Market Overview01YRDMacroeconomicOverviewSource:National and Local Bureaus of Statistics,JLL

2、 Value&Risk AdvisoryJiangsuAnhuiZhejiangShanghaiPlanning Scope of the YRDCentral Area of the YRD3 3YRDs Share in ChinasTotal GDP,Q2 202424.0%YRDs Share in ChinasTotal Population,202316.8%YRDs Share in Chinas Import&Export Volume,Q2 202436.6%YRDs Share in Chinas TotalRetail Sales,Q2 202426.4%YRD Non-

3、bonded Grade A Logistics Real Estate Market OverviewYRD Macroeconomic OverviewRegional OverviewGrowth vs H1 2023Growth vs Q2 20234 4+4.3%+4.8%YRD Non-bonded Grade A Logistics Real Estate Market OverviewYRD Saw a Good Momentum ofEconomic Recovery in Q2YoY Nominal Growth,Q2 2024YoY Nominal Growth,H1 2

4、024YRDs GDP,2019 Q2 2024(Billion RMB)5,221 4,979 6,121 6,610 6,980 7,355 5,808 6,092 6,922 6,814 7,385 7,701 6,039 6,389 7,005 7,482 7,739 6,527 7,011 7,556 8,123 8,401 201920202021202220232024Q1Q2Q3Q4Source:National and Local Bureaus of Statistics,JLL Value&Risk AdvisoryYRD Macroeconomic Overview5

5、5+2.4%+3.5%YRDs Consumer Market RecoveryContinued in Q2YRD Non-bonded Grade A Logistics Real Estate Market OverviewYRDs Retail Sales,2019 Q2 2024(Billion RMB)2,169 1,819 2,743 2,787 2,960 3,097 2,138 2,376 2,805 2,559 2,982 3,053 2,187 2,503 2,641 2,795 2,868 2,414 2,829 2,958 2,977 3,152 2019202020

6、21202220232024Q1Q2Q3Q4Source:National and Local Bureaus of Statistics,JLL Value&Risk AdvisoryYRD Macroeconomic OverviewGrowth vs H1 2023Growth vs Q2 2023YoY Nominal Growth,Q2 2024YoY Nominal Growth,H1 20246 6+3.2%+3.7%YRDs Secondary Sector SawSubstantial Recovery in Q2Value Added of Secondary Sector