OREANDA-NEWS. November 08, 2012. In the first three quarters, GDP growth rate of Anhui province ranked 10th in the country with 1.25623 trillion yuan, up 12 percent over the same period last year, 4.3 percentage points higher than the nation's, according to Statistics Bureau of Anhui province yesterday.

In the first three quarters, the province's real estate development and investment rose 14.5 percent to 231.44 billion yuan, 3.4 percentage points lower than that in the first half of the year. However, the investment structure continued to be optimized with a rapid growth of investment in small dwelling-size apartment. In the first three quarters, 90 square meters or below residential investment soared 33 percent to 50.03 billion yuan.

In the first three quarters, the whole province's private investment was 656.57 billion yuan, with a year-on-year growth of 15.3 percent, 8.4 percentage points lower than the growth rate in fixed assets. And the proportion of private investment in tertiary industry was significantly lower than that in primary and secondary industries.

Affected by dwindling market demand, the large and medium-sized enterprises in Anhui province are facing a grim situation. In the first three quarters, their above-scale industrial added value increased by 6.6 percent to 303.8 billion yuan, both less than that in the same period last year and the first half of this year.

"Generally, the strong endogenous power, plus a series of national and provincial policy initiatives, Anhui province's economy is expected to maintain a steady growth in the fourth quarter," a report from Statistics Bureau of Anhui Province said.