Statistics Bureau: Percent and Capital Guangzhou

statistics bureau: Shenzhen, often dubbed China's Silicon Valley, saw its GDP growth rate reach 7.4 percent during the period, while that of the province's capital Guangzhou was 7.1 percent, according to the statistical bureau's website in each city, according to Global Times China. Hong Kong and Macao, the two special administrative regions within the Guangdong-Hong Kong-Macao Greater Bay Area, have not yet released their first-half economic data. GDP of Guangdong passed the threshold of 5 trillion yuan 720 billion in the first half of 2019 for the first time with year-on-year growth of 6.5 percent, above the nation's overall level of 6.3 percent year-on-year, data from the statistics bureau of Guangdong showed at the end of July. The fast development of the region is attributable to its mature business model and cluster effect, said Mao Yanhua, a professor at the Institute of Guangdong, Hong Kong and Macao Development Studies at Sun Yat-sen University. The added value of advanced manufacturing in Shenzhen increased by 10.3 percent, accounting for 71.2 percent of the city's scale industrial output. The mature business model and massive investment in innovation in the Greater Bay Area means that it is the perfect place for new technologies and business to grow, Mao told the Global Times on Thursday. (news.financializer.com). As reported in the news.