GDP Growth in Central and Western China Exceeds 10% in 12H1

Source: China Business News, ChinaScope Financial (Data)

+       As of July 22, 20 provinces and municipalities in China have released their semi-annual GDP data, showing that Guangdong province continues to lead in terms of GDP value and that the highest growth is found in Guizhou province with 14.5% YoY in 12H1. The lowest GDP growth was recorded in Beijing with 7.2%.

+       According to the data released so far, provincial GDP growth in central and western regions exceeds 10%, while the rates are below 10% in most eastern regions, except for Tianjian and Fujian, which recorded growth of 14.1% and 11.4%, respectively.

Inland regions are increasingly driving China’s economic development.

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