China's Economic Growth Continues with Strong Performance in Key Regions

China's economic growth shows no signs of slowing, with key regions exhibiting strong performances in various sectors. South China's Guangdong Province, a major driver of the country's economic growth, saw a significant rise in commercial housing sales, while Central China's Hunan Province attracted more overseas capital. China also imported more oil products via its northern land port, and East China's Anhui Province experienced a notable increase in foreign trade for machinery and electronics.

Key Takeaways:

Guangdong Province's commercial housing sales rose by 12.7% year-on-year in the first five months of 2011, with a total value of 198.32 billion yuan (30.05 billion U.S. dollars).
Hunan Province approved the establishment of 249 overseas-funded companies in the first five months of 2011, with 3.75 billion U.S. dollars of contracted overseas capital.
China imported 34,000 metric tons of oil products via Manzhouli, a land port in north China's Inner Mongolia Autonomous Region, during the first five months of 2011, a rise of 160% over the same period last year.
Anhui Province generated 4.26 billion U.S. dollars in foreign trade for machinery and electronics in the first five months of 2011, an increase of 36.6% over the same period last year.
Hubei Province generated 12.55 billion U.S. dollars in foreign trade over the first five months of 2011, a rise of 31.4% over the same period last year.
Foreign-funded companies in Hunan purchased equipment from overseas worth 770 million U.S. dollars, up 45% year-on-year, while private businesses imported equipment worth 480 million dollars, up 219%.
Anhui's foreign trade in machinery and electronics brought in 2.61 billion U.S. dollars in exports, an increase of 54.16% year-on-year.

Statistics:

Guangdong Province's commercial housing sales rose by 12.7% year-on-year in the first five months of 2011.
Hunan Province approved the establishment of 249 overseas-funded companies in the first five months of 2011.
China imported 34,000 metric tons of oil products via Manzhouli during the first five months of 2011, a rise of 160% over the same period last year.
The imports were valued at 20.35 million U.S. dollars, up 220% year-on-year.
The products' average prices went up by 19.7% to reach 592.7 U.S. dollars per metric ton.
Anhui Province generated 4.26 billion U.S. dollars in foreign trade for machinery and electronics in the first five months of 2011.
Hubei Province generated 12.55 billion U.S. dollars in foreign trade over the first five months of 2011.
Foreign-funded companies in Hunan purchased equipment from overseas worth 770 million U.S. dollars, up 45% year-on-year.

Sources:

Xinhua News Agency, June 27, 2011
Guangdong Provincial Bureau of Statistics
Hunan Provincial Bureau of Statistics
Local customs authorities in Anhui and Hubei provinces