China Knowledge quoted according to the latest statistics released by the Guangdong Statistics Bureau that the gross domestic product in Guangdong Province in South China grew 10.2%YoY to CNY 2.34 trillion in the first half of this year.

The growth rate was 1.2 percentage points higher than the province target for this year and 0.6 percentage points higher than the national average in the first half. The GDP in the first six months included CNY 106.12 billion generated by the primary sector up by 3.1%YoY.

As per report, CNY 1.2 trillion and CNY 1.03 trillion were generated in the secondary sector and the tertiary sector up by 11.9%YoY and 9%YoY respectively.

During the period from January to June, the value added output of industrial enterprises in the province increased 12.1%YoY to CNY 1.13 trillion. Fixed asset investment in Guangdong increased 18.7%YoY to CNY 699.07 billion of which CNY 199.33 billion was invested in the real estate sector up by 32.2%YoY.

The province retail sales was CNY 969.26 billion in the first quarter up by 15.9%YoY and its foreign trade jumped 26%YoY to USD 435.09 billion during the period comprising USD 250.66 billion in export value and USD 184.43 billion in import value.

(Sourced from China Knowledge)