China Knowledge quoted according to the latest statistics released by the Guangzhou Statistics Bureau, Guangzhou, the provincial capital of South China's Guangdong Province, reported an 8.3% growth in gross domestic product in the first half of 2012 which stood at CNY 621.38 billion.

CNY 9.47 billion of the GDP was generated by the primary sector, 2.6% more than in the first half of 2011. CNY 228.88 billion and CNY 383.02 billion were generated in the secondary sector and the tertiary sector, 7.4% and 9% more than in the corresponding period of 2011 respectively.

From January to June 2012, gross industrial output from enterprises with designated size or above of the city rose 7% YoY to CNY 700.47 billion. Guangzhou three pillar industries comprising auto industry, electronic products manufacturing industry and petroleum chemical industry realized CNY 352.72 billion in gross industrial output value accounted for 50.35% of the city's total.

In the first half of this year, the city fixed-asset investment increased 5.8% YoY to CNY 131.09 billion including CNY 52 billion investments in real estate development up by 16.1%YoY.

Source - China Knowledge

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