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GD's GDP grows 14.3% in first half year, CPI rises 2.1%
Latest Updated at 2007-July-20 15:43:50
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Guangdong's GDP exceeded 1.354 trillion RMB in the first half of this year, up 14.3 percent year on year, while its CPI rose 2.1 percent, according to a report on the province's economic performance in the first half the 2007 released by the Guangdong Statistics Bureau on Thursday (July 19).

The primary, secondary and tertiary industries contribute 60.055 billion RMB, 723.743 billion RMB and 570.648 billion RMB of the province's GDP respectively.

The foreign trade volume totaled 285.79 billion USD in the first half, a year on year rise of 22.7 percent, but the growth is 1.8 percentage points lower than that of the same period of 2006.

Retail sales grew 16 percent in the first half, 0.4 percentage points more than the rise in the same period last year.

Guangdong made further progress in switching industry mode, developing cyclic economy and energy saving, as its power consumption in per GDP unit decreased 0.78 percent, and the emissions of sulfur dioxide and COD (chemical oxygen demand) decreased 8.7 percent and 4.6 percent respectively.

CPI rose 2.1 percent

Guangdong's consumer price index (CPI) rose 2.1 percent in the first half of this year, much lower than the national level of 3.2 percent

Price hike for foodstuff, mainly grain, meat and fowl and eggs, contributed significantly to the rise of Guangdong's CPI in the first half of this year.

Foodstuff prices rose 5.9 percent, with grain price up 4.0 percent, egg price up 18.4 percent and prices for meat and fowl as well as related products up 12.8 percent.

Fixed assets investment up 19.2 percent

Guangdong's fixed assets investment in the first half of this year totaled 385.193 billion RMB, up 19.2 percent year on year. The growth is 1.3 percentage points lower than that of the same period of 2006, according to the Guangdong Statistics Bureau.聽

Investment in urban areas reached 303.647 billion RMB, up 16.8 percent, while the investment in the rural area came to 81.546 billion RMB, up 29.2 percent.

Editor: Yan

By: Ouyang Yan Source:

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