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Guangdong's GDP rises 6.5% in H1
Updated: Jul 31, 2019
chinadaily.com.cn
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According to statistics from the Guangdong Provincial Bureau of Statistics, Guangdong saw an increase of 6.5 percent in its GDP to 5.05 trillion ($732.58 billion) in the first half of the year.
The industrial structure of the province has been further optimized. The shares of the primary, secondary, and tertiary industrial structures were adjusted to a ratio of 3.3: 40.6: 56, with the service sector contributing 65.2 percent to the province's economic growth.
In the first half of the year, the province's industrial production continued to demonstrate sound and steady development. The added value of industrial enterprises above designated size in the province rose by 4.8 percent year-on-year, which was flat with the growth rate of January to May.
The added value of the province's advanced manufacturing industry rose by 5.8 percent, accounting for 56.5 percent of that of industrial enterprises above designated size, 0.8 percentage points higher than that of the previous year. The added value of the hi-tech manufacturing industry achieved a year-on-year growth rate of 8.7 percent, making up 31.6 percent of that of industrial enterprises above designated size, 1.5 percentage points higher than the previous year.
The total retail sales of consumer goods of the province from January to June was 2.07 trillion yuan, increasing by 7.7 percent year-on-year, while the fixed-asset investment saw a year-on-year increase of 10.5 percent, 1.5 percentage points higher than the province's yearly target.
The province's export-import volume in the first half of the year totaled 3.28 trillion yuan, with a yearly growth rate of 1.3 percent. The amount of exports was 1.98 trillion yuan, rising by 3.9 percent year-on-year.
By the end of June, the province's registered unemployment rate in urban areas was 2.23 percent, a year-on-year decline of 0.18 percentage points.
The per capita disposable income of the province's urban and rural residents grew by 8.3 percent and 8.7 percent respectively to 25,161 yuan and 9,645 yuan.
