GDP Looking Up

gdpDongguan Statistics Bureau released the economic data from the first half of 2013. The GDP showed an increase of 9.2 percent from last year at this time. Ranked 18th among Guangdong cities it is 1.6 and 0.7 percent higher than National and provincial averages. This is the fastest growth since the application of the 12th five year plan in 2011.

The export rate has increased by 7 percent, ranking fifth in the country, higher than Foshan and Guangzhou. The total fixed investment is up by 17.8 percent, up 14 percent over last year, a six year high. However, five- star hotel revenues dropped by 8 percent and four-star hotels dropped by 6.7 percent.

Total revenue among towns varied as well. Towns in the northwest generally developed below the average. Professor Li Chuanzhi from the Dongguan University of Technology’s economic department postulated that the GDP will reach 10 percent, or as high as 11 or 12.

Category The Scene