Guangdong missed its 2018 7-per cent growth target, expanding by 6.8 per cent. Photo: AFP

Guangdong’s growth slump is seen as a turning point for China’s economy, say analysts

  • Country’s most prosperous province has set lower 2019 growth target that matches expected national target as fast growth fades and trade war clouds outlook
  • Provincial officials have made helping private sector to boost growth a priority
Topic |   China economy

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Guangdong missed its 2018 7-per cent growth target, expanding by 6.8 per cent. Photo: AFP
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Shenzhen’s gross domestic product increased by 7.5 per cent to about 2.4 trillion yuan (US$352.71 billion) in 2018, having targeted a growth of 8 per cent. Photo: AFP

China’s industrial powerhouse Guangdong slashes growth target for 2019

  • Southeastern province, which includes the cities of Shenzhen and Guangzhou, aims for 6.0-6.5 per cent growth this year
  • The target is the same expected to be confirmed as China’s overall growth target for 2019 as the trade war with the United States continues to slow the economy
Topic |   China economy

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Shenzhen’s gross domestic product increased by 7.5 per cent to about 2.4 trillion yuan (US$352.71 billion) in 2018, having targeted a growth of 8 per cent. Photo: AFP
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