Statistics from the GuangZhou Statistics Bureau show that Guangzhou’s economy continued to surge forward in May.

In this particular month, the combined total industrial output value of the city’s above-scale industrial enterprises reached RMB114.42 billion, representing a year-on-year increase of 24.0 percent.

The growth of industry slowed down slightly, but investment, consumption, and exports flourished, resulting in considerable upward pressure on consumer prices. In the first five months of this year, Guangzhou’s fixed-asset investment totaled RMB98.683 billion, surging 42.7 percent year-on-year.