As we reported previously, Guangzhou’s Q1 GDP was RMB550.77 billion, up 7.5% in Q1. Now we have data on the city’s 11 districts, which shows the Tianhe CBD area – a hub for services – driving growth. It was up nearly 10%, accounting for one-fifth of the city’s total at RMB111.88 billion.
Yuexiu and Huangpu came second and third. However, the fastest moving district was Nansha, which came in at seventh, on the back of its new investments in the technology industry. Construction and manufacturing drove the special economic zone to a 12% YoY growth rate in Q1.
Read more (in Chinese).