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Guangdong's GDP up 11.6% in Jan-Sep

Guangdong's GDP up 11.6% in Jan-Sep

Write: Samantha [2011-05-20]

The gross domestic product in Guangdong Province in South China grew 11.6% year on year to RMB 3.15 trillion in the first three quarters of this year, according to the latest statistics released by the Guangdong Statistics Bureau.

The growth rate was 3 percentage points higher than in the same period of last year and 1 percentage point higher than the national average.

The GDP in the first nine months included RMB 155.98 billion generated by the primary sector, 4.4% more than in the same period of last year.

RMB 1.6 trillion and RMB 1.37 trillion were generated in the secondary sector and the tertiary sector, 15% and 8.2% more than in the corresponding period of last year, respectively.

The province saw its fixed-asset investment surge 24.1% year on year to RMB 1.06 trillion in the first three quarters.

Guangdong's retail sales rose 17.1% year on year to RMB 1.27 trillion in the first nine months.