News

Guangdong grows but exports suffer

23/07/2001

Despite outperforming the 7.9% average rate of growth in China's economy, Guangdong still fell behind economic rivals Beijing and Shanghai, which grew by 11% and 10.2% respectively.

Guangdong's economy grew 10 per cent to 458.4 billion yuan (about $55.4 billion) in the first half, but exports grew just 0.6 per cent against a first-quarter growth of 0.9 per cent and last year's first-half growth of 32.8 per cent.

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