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Guangdong's GDP up 7.4% in H1

Jul. 25, 2012 (China Knowledge) - South China's Guangdong Province saw its gross domestic product grow 7.4% YoY to RMB 2.62 trillion in the first half of this year, according to the latest statistics released by the Guangdong Statistics Bureau.

The growth rate was 0.2 percentage points higher than that in the first quarter of this year but 2.8 percentage points lower than that in H1 of 2011.
Value-added output in the primary industry rose 3.8% YoY to RMB 117.45 billion in the first six months, and that in the secondary sector grew 6.9% YoY to RMB 1.32 trillion. The tertiary sector generated RMB 1.18 trillion, 8.2% more than in the same period of 2011.

The province's retail sales grew 11.6% YoY to RMB 1.09 trillion in H1, and the growth rate was 0.8 percentage points higher than that in Q1. Fixed-asset investment amounted to RMB 769.75 billion in the period, up 10.1% YoY. Guangdong's foreign trade rose 5.0% to US$457.22 billion in the first six months, and its export value grew 6.8% to US$267.63 billion.

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