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Contribution Rate of GZ's Tertiary Industry Exceeds 70%

Contribution Rate of GZ's Tertiary Industry Exceeds 70%

Write: Ramona [2011-05-20]
While Guangzhou, the old industrial base located at the center of the Pearl River Delta city group, was strengthening and promoting its secondary industry, the development of its tertiary industry was also accelerating. In 2009, Guangzhou's tertiary industry contributed over 70 percent to its total economic growth.
According to the latest statistics issued by the Guangzhou Municipal Bureau of Statistics, Guangzhou's GDP exceeded 900 billion yuan reaching 911.28 billion yuan in 2009, up 11.5 percent year-on-year. In particular, the tertiary industry contributed the most to the economic growth of the city. The tertiary industry's contribution rate was 70.1 percent, up 5.5 percentage points compared to that of 2008.