Guangdong's economy to recover
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Transtlate Guangdong, an economic powerhouse and a major export base of China, which was devastated by the financial crisis, has seen signs of recovery with rising investment, exports and 1.2 million new jobs, Whose economic recovery amid financial tsunami has drew attention from news media.
Here are some comments covering Guangdong's economy from both foreign and Chinese media.
Foreign Media
Reuters
With China's talismanic nationwide economic growth target of 8 percent seen to be in the bag, and export declines having reversed, Guangdong's economic outlook has steadily improved.
Meanwhile, with the Christmas season approaching, there have been signs of surprisingly robust and increasing demand for Chinese goods in its major trade partner of the United States.
Chinese Media
China View Website
The economically developed Guangdong province in southern China witnessed a stable growth in food exports in the first 10 months, thanks partly to the nation's tax rebate policy for exports, according to local customs.
China View Website
Liang Yaowen, head of the provincial bureau of foreign trade and economic cooperation, said Guangdong's share in the nation's total exports went up 1.1 percentage points to 29.4 percent in the first six months. He attributed the signs of recovery to government stimulus measures, including higher tax rebates and credit insurance for export.
Newsgd.com
Thanks to the effective measures taken by Guangdong province, Guangdong's economy has seen signs of recovery. In the first quarter of this year, Guangdong's GDP growth was 5.8%, 0.3% lower than that of the national growth rate, but in the third quarters, Guangdong witnessed a growth of 8.6%, nearly 1 percent higher than that of the national average rate.
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