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Guangdong GDP up 8.3 percent in Q3

2015-October-21       Source: Newsgd.com

Guangdong GDP of Guangdong in the first 3 quarters of 2015 has reached 5.25 trillion RMB, up 7.9% year-on-year, according to Statistics Bureau of Guangdong Province.

Guangdong GDP of Guangdong in the first 3 quarters of 2015 has reached 5.25 trillion RMB, up 7.9% year-on-year, according to Statistics Bureau of Guangdong Province. Official believe Guangdong’s growth plays an important role in supporting the national economy.

Statistics shows Guangdong’s GDP grows with 7.2%, 8.1% and 8.3% respectively in the first 3 quarters of 2015. The Deputy Director of the Provincial Statistics Bureau, Zhu Suiwen, said Guangdong’s economic development featured with steady growth and high quality.

Zhu said the steady increase of Guangdong’s economy in the 3rd quarter is mainly because of the boost of the service sector. Service sector contribute 54.5% of the economy growth, and 4.3% of the provincial GDP growth.

Official said all those facts indicate the innovation driven policy, economy re-construction, and industry optimizing that promoted by the Guangdong government has finally generated a positive result.

Zhu believed the quality of economy is upgrading, and corporates in Guangdong are increasing their capacity of risk resistance. These help Guangdong’s economy maintain a steady growth under the downward pressure of global economy.

On the recently held economy meeting on Monday afternoon, Guangdong Governor Mr. Zhu Xiaodan said the government in the 4th quarter is trying its best to provide better business environment to the local companies. He also vowed to speed up the construction of infrastructure. For the innovation, he said the construction of National Innovation Experimental Area of Pearl River Delta will be started soon, and the province will launch a new round of technology development and innovation, such as the intelligent robot project.

China's GDP in the third quarter slightly beat expectation to grow 6.9 percent, National Bureau of Statistics said on Monday. The growth rate, the slowest since the first quarter of 2009, dragged the growth in the first nine months down to 6.9 percent from 7 percent in the first half.

 



 

Editor: Chan

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