Regional GDP data indicate resilience
China’s local economies are showing resilience as the country attempts a transformation from cheap, mass production to more production involving higher quality and valueadded products, according to the latest figures. Of 28 provinces, municipalities and autonomous regions that released GDP growth figures for the first three quarters of the year, 18 reported faster or equal growth to that in the first half. “The growth gap between regions has narrowed,” said Zhang Liqun of the State Council’s development research center. “The economic pressure in regions like the Northeast and Shanxi has eased and their economies are recovering,” Zhang said.