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You are here：Home page news
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GDP of Guangzhou Up 7.3 Percent in Q1
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Reading:821 Origin：Guangzhou Cucheng Service Group Refresh time:2012-5-3 |
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According to the data released by the Statistics Bureau of Guangzhou Municipality on April 24, 2012, in the first quarter, Guangzhou's regional gross domestic product (GDP) amounted to RMB 285.625 billion yuan, up 7.3 percent year on year; but such a growth rate was still 3.9 percentage points lower year on year (It was 11.2 percent in 2011). The growth margin of major economic indicators declined significantly, posing a rather big gap with the expected annual targets. With regard to the "three momentums" of GDP growth, consumption growth slowed down, foreign trade and exports declined slightly while only investment somehow increased. In the first quarter, the city's total retail sales of social consumer goods amounted to RMB 135.014 billion yuan, up 14.7 percent year on year; but the growth rate was down by 1.4 percentage points year on year. The total value of import and export commodities amounted to USD 26.931 billion, up 3.7 percent year on year. As to investment, the city as a whole completed a total investment of RMB 50.911 billion yuan in fixed assets, up 5.0 percent year on year; and the growth rate was 3.8 percentage points higher year on year. The investment in real estate development amounted to RMB 20.464 billion yuan, up 23.0 percent year on year; and such a growth rate was 10.1 percentage points higher year on year (It was 12.9 percent in 2011), but it went down by 15.6 percentage points when compared with the accumulative growth rate of January and February (38.6 percent). |
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