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CHINA PRESS: Guangdong Grows By 3.4% In First Three Quarters

CHINA PRESS

Guangdong province, one of the country's economic powerhouses, registered a 3.4% y/y growth in the first three quarters, 21st Century Business Herald reported. The province’s fixed-asset investment fell 3.4% during this period, but the figure rose 3.5% excluding property investment. Investment in equipment and tools maintained growth of 19.1% amid policies aimed at upgrades. The consumer trade-in programme also helped to drive a 1.9% growth in the sales of household appliances, accelerating 1.7 percentage points from H1, as well as an 8.1% gain in electric-vehicle sales, 4.4 pp higher than H1, the newspaper said. 

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Guangdong province, one of the country's economic powerhouses, registered a 3.4% y/y growth in the first three quarters, 21st Century Business Herald reported. The province’s fixed-asset investment fell 3.4% during this period, but the figure rose 3.5% excluding property investment. Investment in equipment and tools maintained growth of 19.1% amid policies aimed at upgrades. The consumer trade-in programme also helped to drive a 1.9% growth in the sales of household appliances, accelerating 1.7 percentage points from H1, as well as an 8.1% gain in electric-vehicle sales, 4.4 pp higher than H1, the newspaper said.