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CONSUMPTION GROWS FASTER THAN INVESTMENT IN GUANGDONG.
GUANGZHOU, Jan 1 Asia Pulse - China's economic powerhouse Guangdong Province saw consumption grow more rapidly than investment in the first 11 months of 2006, said sources with the local statistical bureau on Friday.
It is the first time the consumption outpaced investment in growth rate since 1997, the sources added.
Between January and November, Guangdong's fixed-assets investment amounted to 670 billion yuan (US$86 billion), a year-on-year increase of 14.8 per cent over the same period of ...
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