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Quality, not quantity, matters most for Guangdong economy
Latest Updated by 2007-02-02 22:38:30

Governor Huang Huahua delivered a detailed government report, reviewing the achievements made in 2006 and listing work plans in 2007.

Conference Hall

Lower resource and energy consumption, lower pollution, high-speed economic growth, residents get higher income. Such was Guangdong in 2006! The province put quality over quantity in economic development and produced 2596.855 billion yuan of GDP, up 14.1 percent while a series of energy consumption index went down.

The energy consumption dropped by 2.7 percent in the first half of last year and continued to go down in the second half, the final figures are not disclosed.

With this steady economic growth, Guangdong took up one-eighth of China's total GDP. Such exciting figures were from Guangdong Governor Huang Huahua's work report released today.

On the 5th Session of the 10th Guangdong People's Congress opened at the newly built Baiyun International Conference Center today, Governor Huang Huahua delivered a detailed government report, reviewing the achievements made in 2006 and listing work plans in 2007.

Healthy Development in 2006

--Economy of Guangdong experienced steady economic development

The provincial GDP reached 2596.855 billion yuan, up 14.1 percent, accounting for one-eighth of the total in China.

--Substantial step of building a new socialist countryside

Guangdong Government invested 14.6 billion yuan for rural development in 2006, up 20.6% year on year. Government also helped a total of 6.6 flood disasters move in new home before the end of last year, says Huang.

--The innovation ability saw new progress and the industrial sector continued to optimize their structure

High-tech industry production value is over 1500 billion yuan, up 30% year on year. The added value of nine pillar industry hit 772.7 billion yuan, and the added value of heavy industry account for 59.9%, up 3.6%.

--Regional development was more balanced, private economy and rural economy experienced rapid development

He says that the development of western and eastern regions as well as mountainous areas was accelerated. The five mountainous cities' GDP and budget revenue increased 17.6% and 27.8% respectively, 3.5% and 7.3% higher than the average of the province.

The added value of private company reached 227.5 billion yuan, up 30.1% year on year.

--Foreign trade grew rapidly and soundly
The export and import value break 500 billion USD. The export value reached 302 billion USD, up 26.8, accounting for 31.2 of the total in China.

--Key projects made a breakthrough
A total of 111 billion yuan were invested in 162 key projects. 38 projects were put into production or partly put into production, and 32 projects started construction.

Progress had been made on Key field innovation, market economic system continued improve
SOE reform further developed. Guangdong Development Bank completes share transfer to new holders.

--New progress in social programs
The Government invested 16.9 billion yuan to Social Utilities, accouting for 36% of the budget revenue. Around 1.119 million job opportunities were increased.

The rural children of schooling age in the province were covered by a nine-year compulsory education, all free of charge.

Public health system improved. Epidemic prevention and control in the province was enhanced.

--Spiritual civilization was promoted and democratic legal construction was improved.

Top task of Guangdong in 2007

--Promote innovation
--Push forward building a new socialist countryside
--Deepen optimizing industrial structure and strengthening industrial competitiveness
--Enhance lower resource and energy consumption, environmental protestation
--Promote economic internationalization
--Optimize investment structure, accelerate construction of key projects and infrastructure
--Promote rural economy and private economy, deepen regional cooperation and development
--Continue economic system reform
--Tackle tax problems according to law, accelerate construction of local public financial system
--Accelerate developing social programs, developing Guangdong into a cultural province
--Build a harmonious society
--Improve government administrative capacity and service level

Editor: Donald

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