Guangzhou's economy grew by 11.6 percent year-on-year to 1.54 trillion yuan ($253.8 billion) in 2013, according to a local government work report released on Tuesday.
According to the report, retail sales of consumer goods in Guangzhou, the capital of Guangdong province, represented a large proportion of the economy, growing by 15.2 percent from a year earlier to 688.28 billion yuan last year.
The report, delivered by Guangzhou Mayor Chen Jianhua during the annual local legislative meeting on Tuesday, also indicated the city will expand its economy by focusing more on investment in 2014.
The city's investment will reach 109 billion yuan on 136 key projects this year. The city's economy is expected to grow by 10 percent year-on-year in 2014, according to the report.
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263 Registration Number: 20100000002731 
