Guangdong’s industrial growth picks up in Q1

23 April, 2019 12:00 AM printer

GUANGZHOU: The total output of industrial enterprises above designated size in Guangdong Province grew by 6.5 percent year-on-year in the first quarter, the highest in nearly nine months, said the provincial statistics bureau Sunday.

The southern province's gross domestic product reached 2.39 trillion yuan (356.5 billion U.S. dollars) in Q1, a year-on-year increase of 6.6 percent, said Wang Liying, an official with the bureau, reports Xinhua.

High-tech manufacturing industry recorded the highest growth rate of 9.6 percent, accounting for nearly one-third of Guangdong's total industrial added value.

Private enterprises contributed to nearly 85 percent of the province's value added of the industrial enterprises.