Guangdong Province, an economic powerhouse in south China, expects its economy to continue growing steadily this year.

Agricultural output value is predicted to increase four percent on a yearly basis this year, while industrial added value is expected to grow by about ten percent, according to local economists.

The growth rate of Guangdong's service industry is put at some eight percent, with fast-growing sectors including post and telecommunications, insurance and tourism.

These prediction are made on the basis of increased investments in fixed assets, social sales and exports.

Total fix asset investment this year is expected to increase eight percent to 320 billion yuan, with a nine percent growth in total sales and a six percent increase in exports.