South China province reports slowdown in economic growth

Main industrial enterprises in Guangdong Province, one of China's economic powerhouses, completed 547.87 billion yuan (about 67.56 billion US dollars) in added value in the first eight months of the year, up 16.8 percent from the same period last year.

The growth rate is 0.1 percentage points less than that for January-July period of the year, information from Guangdong Provincial Statistical Bureau said.

The added value completed by light and heavy industrial businesses were 241.15 billion yuan (29.73 billion US dollars) and 306.72 billion yuan (37.82 billion US dollars), up 16.4 percent and 17.1 percent, respectively.

Industrial businesses in the province delivered commodities worth 923.27 billion yuan (113.84 billion US dollars) for export from January to August, up 24.8 percent which is 0.9 percentage points fewer than the growth rate for January-July period.

Source: Xinhua