Guangdong growth falters in 2014

Guangdong province, the longtime economic and export powerhouse of South China, expects foreign trade to grow by 3 percent in 2015, after it registered a negative year-on-year growth for 2014, according to a government work report on Monday.

The report, which cited the province's increasing efforts to transform its economic growth model, was delivered by Guangdong Governor Zhu Xiaodan at the annual local legislative session, which opened on Monday in Guangzhou, the capital city.

"We will increase investment and boost domestic consumption, and better readjust our economic structure, to maintain a healthy economic growth," said Zhu.