Guangdong's GDP grows 6.4% in the first three quarters: statistics
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Photo taken on Dec. 2, 2017 shows Canton Tower and Zhujiang New Town in Guangzhou, south China's Guangdong Province. (File photo: Xinhua)

Guangdong's gross domestic product (GDP) reached 7.7 trillion yuan ($1.1 trillion) in the first three quarters of 2019, up 6.4 percent in comparable prices, according to data released by the Guangdong Provincial Bureau of Statistics on Sunday.

In terms of consumption, the total retail sales of consumer goods in Guangdong reached 3.1 trillion yuan ($444 billion) in the first three quarters, up 7.8 percent year-on-year and the highest growth rate since the beginning of this year.

The value added of the primary industry was 293.655 billion yuan($41.6 billion), up 3.8 percent year-on-year; the added value of the secondary industry was 3.1 trillion yuan($444 billion), up 4.6 percent; while that of the tertiary industry reached 4.3 trillion yuan($614 billion), up 7.9 percent, which contributed the most to the stable growth of Guangdong economy.

According to the report, private enterprises grew by 7.1 percent. As for the pillar sectors, computer, communications and other electronic equipment manufacturing grew 7.5 percent, while electrical machinery and equipment manufacturing grew 8.2 percent.

Meanwhile, the output of some new products grew rapidly. New-energy vehicles increased by 76.0 percent, bullet trains by 66.7 percent, 3D printing equipment by 270.8 percent, and liquid crystal display screens by 31.8 percent.

(Compiled by Yu Lidong)