Guangdong’s performance in the past five years
2011-June-7 Source:
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Guangdong maintained steady and rapid economic development and fulfilled the major objectives and tasks of the Eleventh Five-Year Plan and major breakthroughs were attained in scientific development.

Comprehensive Economic Strength

Guangdong completed its GDP target of the 11th Five-year plan one year in advance and exceeded 4.5 trillion RMB in 2010, with an annual GDP growth of 12 percent. In 2007 Guangdong doubled the per capita GDP of year 2000, three years ahead of schedule, which reached 7,000 USD in 2010 with an annual increase of over 11 percent.

Fiscal revenues saw an annual climb of 30.8 percent to 1,184.2 billion RMB in 2010, 2.7 times the growth than in 2005. The general budgetary revenue of local governments totaled 451.6 billion RMB, which was 2.5 times 2005, up 23.8 percent annually.

The past five years’ fixed asset investments totaled 5.8 trillion RMB with a year on year increase of 17.6 percent. The fixed asset investments, retail sales and profits of above designated size industries in Guangdong amounted to 1.6 trillion RMB, 1.7 trillion RMB and 400 billion RMB, an increase of 20.7 percent, 17.3 percent and 36.5 percent respectively over the previous year.

Guangdong’s foreign trade volume totaled 784.7 billion USD in 2010, with an average annual increase of 12.9 percent over the past five years. A total of 90.6 billion USD FDI were attracted, and 35,000 foreign-funded enterprises settled in Guangdong.

Economy Growth Mode Switch

Guangdong’s industry structure was optimized and the innovation ability was enhanced. The province led the country in regional innovation capacity and in number of invention patents. The output value of high-tech products exceeded 3 trillion RMB, 2.5 times more than that of 2005 while input in research and development funding increased from 1.12 percent of the GDP in 2005 to 1.8 percent in 2010.

The break down of the primary, secondary and tertiary industries was 4.8∶50.7∶44.5. The break down of added value of large-scale light industry and heavy industry was 40∶60.

Added value of advanced manufacturing accounted 47.2 percent of the large-scale industry. Local manufacturers are producing airplanes, automobiles as well as oil tankers.

The strategic rising industry continued their expansion, while the traditional industry accelerated its transformation and upgrade. Added value of modern industry occupied 56 percent of the service sector. Meanwhile, a large number of high energy consuming cement, steel and thermal power plants were shut down. Clean energy took up 34 percent of the total generated power. The daily wastewater treatment capacity rose to 17.4 million tons, 2.8 times more than that of 2005.

The province also lead the nation in the number of high-tech development zones, the number of new companies listed on the stock exchange, tourism revenues, and the combined capacity of nuclear power plants in operation and under construction.

Regional Development

The Guangzhou-Zhuhai intercity high speed rail lines opened and the Guangzhou-Foshan metro lines were connected. Achievements were also made in industry and labor transfer. The economic growth in western and eastern wings as well as northern mountainous areas was faster than the province’s average rate.

Breakthroughs were made in infrastructure construction. Guangdong expanded its expressway system by 1,695 km over the past five years and the railway system by 777 km, including 298 km of high-speed railways. New power generating units with a capacity of 30.8 million kW were put on line, and 7.7 billion cubic meters of natural gas was supplied. A 2,372 kilometer provincial-level greenway network now covers the Pearl River Delta region.

Meanwhile, the province enabled 10.4 million farmers to get access to clean drinking water and helped upgrade toilets in 1 million farming households.

Reform and Opening-up

The province furthered reform in administrative set up, institutions, tax, finance, investment, state owner enterprises, cultural systems, rural areas and democracy. Guangdong accelerated the development of special economic zones in Shenzhen, Zhuhai and Shantou, and sought new growth modes.

The province accelerated its “go global” strategy and strengthened cooperation with Hong Kong, Taiwan and ASEAN countries. Consulates in Guangzhou increased to 39, and the province now has over 100 overseas sister provinces and cities.

People’s Livelihood

A total of 967.3 billion RMB was spent in the past five years to improve people’s living conditions and public services. The annual income of urban residents and rural residents reached 23,840 RMB and 7,805 RMB respectively, up by 10.5 percent and 13 percent. The income gap between urban and rural resident narrowed from 3.15 : 1 to 3.05 : 1.

The per capita disposable income of urban residents and rural residents rose by an annual average of 7.5 percent and 8.0 percent respectively. Over 9.8 million people were employed in urban areas in the past five years, and the registered urban unemployment rate was reduced to three percent.

Comprehensive progress was made in education, science and technology, culture, public health and sports programs. Social insurance systems and free compulsory education covered all urban and rural areas and the endowment insurance system was integrated with other provinces. The 16th Asian Games and the Asian Para Games in Guangzhou in 2010 also boosted the province’s sports development. (By Ouyang Yan)

Editor: Olivia
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