Guangdong posts 10% GDP growth

GUANGZHOU: Guangdong will boost domestic demand by increasing investment and consumption, Governor Huang Huahua said yesterday.

Speaking at a three-day provincial meeting, which ends today, Huang also said the province will accelerate the establishment of a modern industrial system by promoting industrial adjustment and optimization.

Other measures the province will take to minimize the negative impact of the global financial turmoil include transferring labor-intensive industries from the Pearl River Delta to less developed regions, and encouraging more farmers to work in industry, he said without elaborating.