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Guangzhou Releases Economic Blue Book
Update: 2012-05-17 Source: www.FruitfulTrade.com
Guangzhou has released the economic blue book Analysis on Guangzhou's Economy Development in 2011 and Forecast for 2012. The blue book summarizes Guangzhou's economic operations in 2011. According to the preliminary calculation, Guangzhou realized the regional GDP of RMB 1230.312 billion yuan in 2011, an 11 percent year-on-year increase.
In addition, the Joint Research Group, formed by the Research Office of the People's Government of Guangzhou Municipality, the Statistics Bureau of Guangzhou Municipality and Guangzhou Development Academe of Guangzhou University, predicts that Guangzhou's regional GDP will increase by around 11 percent in 2012 and the reform for raising the prices of some fundamental resources such as the electricity and the running water will become a new factor that drives up the CPI.