BEIJING: Of 26 provinces that have released their latest economic data, 24 posted an increase in GDP growth in the second quarter, while stable growth remained a major priority for the latter half of the year, reported Shanghai Securities News.
Chongqing municipal and Guizhou province are the only two that reported a double-digit year-on-year growth in the first six months, 11 percent and 10.7 percent respectively.
Anhui and Shandong province saw their latest growth rate in line with the first quarter.
Liaoning province, ranked at the bottom, grew 2.6 percent in the first half of the year. Its full-year growth target was 6 percent.
Beijing and Shanghai municipals reported a 7 percent growth with better-poised economic structure, said the newspaper, as finance, information and technology services contributed to 73.7 percent of the capital’s GDP growth.
Economic powerhouse Guangdong province grew 7.7 percent in the first half of the year, up from first quarter’s 7.2 percent.
China’s GDP expanded 7 percent year-on-year in the second quarter, earlier data from the National Bureau of Statistics showed, remaining unchanged from its first-quarter.
The nation’s economic slowdown is likely to grind to a halt by the end of this year or the first half of 2016, and the GDP growth rate will stay around 7 percent, according to Xinhua citing Li Daokui, director of Tsinghua University’s Center for China in the World Economy, on Thursday.
