Guangdong's economy grows 14pc in first half

Guangdong's gross domestic product exceeded 1.35 trillion yuan in the first half of this year, up 14.3 per cent year on year, the Guangdong Daily reported.

The surge was 0.1 percentage point lower than the same time last year, but still 5.3 percentage points higher than expectations for the whole year, adding pressure on an overheating economy.

Agriculture contributed 60.05 billion yuan, industry and construction 723.74 billion yuan and the services sector 570.64 billion, according to the report.

Shanghai said this week its economy grew 13 per cent year on year in the first half, 1.5 percentage points higher than the national figure.