Guangdong, China's top province by economic output, maintained a growth rat...
BEIJING - Guangdong, China’s top province by economic output, maintained a growth rate of 6.6 percent in the first quarter thanks to improving industrial production and infrastructure spending, the 21st Century Business Herald reported, citing local officials.
Export-oriented Guangdong, whose gross domestic product of about $1.4 trillion is equivalent to that of Australia, has been battling intense pressure from a nine-month long trade war between the United States and China, with many businesses in the region shifting production out of China as factory orders dried up.
In line with the national trend, Guangdong’s industrial production raced to a nine-month high in the first quarter, with output of new energy vehicles rising 252.1 percent from a year earlier.
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