“The main economic indexes in the first half of 2016 met the anticipations, the structural adjustment has been further enhanced, and economic development showed a stable growth momentum ,” concluded by the Statistics Bureau of Guangzhou for the economic operation in the first half year when releasing the economic data of Guangzhou in the first half year on July 22.

 

The data shows that in the first half year, the regional GDP reached RMB884.431 billion, up 8.0% year-on-year, equal to that in the first quarter, higher than China’s (6.7%) and Guangdong’s (7.4%) of the same period. From the perspective of industries, the primary industry saw decline of the added value year-on-year, while the tertiary industry saw 8.9% of increase of the added value, and the industrial structure of the primary, secondary and tertiary industries is 1.14:30.80:68.06.

 

This year marks the starting of the 13^th Five-Year Plan period. From the highlights of the economic operation we can see that Guangzhou is steadily marching forward in the process of transforming the new engines. In this process, the output of new energy car, new energy and new products of the energy-conservation and environmental protection industries has multiplied, while the rapid expansion of investment in related emerging industries reflects the market confidence. The “Internet +” field sees endless innovation, and has been growing rapidly because of the great demand.

 

Source: Translated from Invest Guangzhou, July 25, 2016