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Guangdong Q1 GDP Pp 4.0% - Guangdong Statistics

CHINA PRESS

Guangdong’s GDP grew 4% in Q1 showing "challenges remain to meet annual targets," according to the Guangdong Statistics department. "The economy improved but still requires more support to stabilise the recovery”, the department said. Primary industry rose 4.1%, secondary industry edged up 2.4% and tertiary industry increased 5%. Manufacturing output gained 1.2%, with service industry rising 5%, while total retail sales increased 5.1%. Fixed assets investment was up 7.4%, real estate development dropped 8.2%, and infrastructure investment climbed 13.4%. (Source: 21st Century Herald)

MNI Beijing Bureau | lewis.porylo@marketnews.com
MNI Beijing Bureau | lewis.porylo@marketnews.com

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