- Guangzhou fell short of its growth target for 2018 as US-China trade war started to take effect
- Worse than expected performance came amid sluggish exports in the Pearl River Delta
The city of Guangzhou, in China’s manufacturing and exporting heartland, failed to meet its annual growth target for 2018, raising a red flag about the health of the world’s second biggest economy.
China’s fourth largest city by growth domestic product (GDP) grew by 6.5 per cent last year, short of the 7.5 per cent target set at the beginning of the year.
The shortfall was announced in the local government’s annual work report, delivered to the local parliamentary session on Tuesday by the city’s mayor, Wen Guohui.
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