China’s export hub Guangdong remains cautious on economic outlook after tough 2020

Guangdong, China’s export powerhouse, has set a relatively low growth target of “over 6 per cent” for the year and avoided setting a specific target for trade growth, as provincial authorities remained cautious about this year’s outlook following last year’s Covid-19 outbreak.China’s richest province, which includes the Pearl River Delta manufacturing hub, still reported a 6 per cent increase in gross domestic product (GDP) last year, slightly lower than the 6.3 per cent recorded in 2019,…

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