Guangdong province, the country's top economic powerhouse, is forecasting 8.5 percent GDP growth this year, a draft government report said yesterday.
The report is yet to be discussed by delegates to the provincial people's congress, which opens today in the provincial capital of Guangzhou. Growth will be less than last year's 10.1 percent, sources close to the provincial people's congress said. GDP of the province was about 3.57 trillion yuan ($522 billion) last year, down 4.6 percent on 2007.
"As the largest province in terms of GDP, Guangdong will face a tough time in 2009 as it has been greatly affected by the global financial crisis," Governor Huang Huahua said at a government work meeting in December 2008.
Source: China View
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