On December 23rd, Guangdong released its economic data for the first 11 months. The value-added of industrial enterprises above designated size, investment in fixed assets, total retail sales of consumer goods, and total foreign trade turnover all increased, indicating the province is facing steady economic development.

From January to November, Guangdong's industrial enterprises' added value above the designated size was 3.35 trillion yuan, a year-on-year increase of 10.0%.

Guangdong saw the fixed asset investment increase by 7.3% year-on-year in the first 11 months, and the total retail sales of consumer goods reached 4.04 trillion yuan, an increase of 11.4% year-on-year.

In terms of foreign trade, it continued to perform well. Guangdong's foreign trade imports and exports totaled 7.47 trillion yuan from January to November, a year-on-year increase of 17.4%. Among them, export turnover was 4.57 trillion yuan, a year-on-year increase of 17.4%, while import turnover was 2.90 trillion yuan, a year-on-year increase of 17.4%.

"In November, Guangdong's national economy withstood the increasingly complex and severe external environmental changes and increasing downward pressure and continued to maintain a recovering trend. Although the economic growth rate index has moved down from the previous three quarters, it is still within a reasonable range. Said Wan Lu, deputy director of the Economic Research Institute of the Guangdong Academy of Social Sciences.

Reporter: Nan

Editor: Olivia, Jerry