Industrial Product Exports See Negative Growth in South China
South China's Guangdong province, a major global manufacturing base, has seen a decrease in its exports of industrial products amid a slowing industrial economy, partly as a result of shrinking overseas demand.
According to figures released by the Statistics Bureau of Guangdong, the export value of industrial products above the designated size amounted to 384.14 billion yuan (60.89 billion U.S. Dollars) over the past two months, down 4 percent year-on-year. The cities of Shenzhen and Dongguan have seen their export values drop 10 and 9.3 percent, respectively.
Industries above the designated size in the province generated an added value of 296.68 billion yuan over the past two months, up 5 percent from the same period of last year.
Foreign investment accounts for about 60 percent of Guangdong's industrial economy. The added value generated by investment from Hong Kong, Macao, Taiwan and foreign countries added up to 154.18 billion yuan over the past two months, down 0.4 percent year-on-year.
Industries above the designated size in the province generated an added value of 296.68 billion yuan over the past two months, up 5 percent from the same period of last year.
Foreign investment accounts for about 60 percent of Guangdong's industrial economy. The added value generated by investment from Hong Kong, Macao, Taiwan and foreign countries added up to 154.18 billion yuan over the past two months, down 0.4 percent year-on-year.
