Guangdong GDP up 10.2 percent in 2012
2013-January-25 Source:
Text Size: A A A | Print | Share by E-mail:

Guangdong’s GDP reached 5.7 trillion RMB in 2012, up 10.2 percent year on year, with a per capita GDP increase of 54,000 RMB, according to a government report released last week. The fiscal revenue from Guangdong and local government’s budget totaled 1.47 trillion RMB and 622.8 billion RMB respectively.

The Guangdong provincial government report was delivered by Governor Zhu Xiaodan during the 12th Guangdong Provincial People's Congress in Guangzhou on January 25.

Governor Zhu Xiaodan delivered the Guangdong provincial government report at the opening session of the first Plenary Session of the five-year term 12th Guangdong Provincial People's Congress in Guangzhou Baiyun International Convention Centre on the morning of January 25, 2013. (Photo:


“Guangdong maintained steady and rapid economic development in the past five years,” said Zhu, who added that in the past five years social commodity retail sales exceeded 2.27 trillion RMB with an annual growth of 16.1 percent. Private investment accounted for 53.5 percent of the total investment with an average annual increase of 23.8 percent. Foreign trade totaled 983.8 billion RMB, with an average annual increase of 9.2 percent, and the province’s CPI rose 2.9 percent annually, lower than the national average, according to the report.

The report also said that provincial technological self-sufficiency increased from 53.9 percent in 2007 to 68 percent in 2012. Guangdong built 858 km of new railway lines, 278 km of urban rail transport, 1,986 km of expressway over the past five years. The unit energy consumption for the province ranks the second lowest in China, with a decrease of 19.06 percent annually, the report added.

General trade exports rose from 28.4 percent to 33.2 percent and the actual use of foreign direct investment totaled 104.3 billion USD, which was 1.5 times of the previous five years. Guangdong attracted a total of 909 world’s top 500 enterprises in last five years, said the report.

Zhu said that more than 1.7 trillion RMB was spent over the past five years to improve people’s livelihood. The annual income of urban residents and rural residents increased 11.3 percent and 13.4 percent respectively. About 9.02 million people were employed in urban areas over the past five years and the registered urban un-employments rate was three percent.

Governor Zhu set an 8 percent GDP growth target for this year. Per capita GDP, fixed asset investment, and retail sales are expected to increase 7 percent, 15 percent and 12 percent respectively. The volume of import and export growth is expected to stay at five percent, while local fiscal revenue is expected to increase by 10 percent. The CPI growth will be controlled within 3.5 percent and the unemployment rate in urban areas will be under 3.5 percent, said Zhu.

During his report, Zhu outlined a 10-point for continued economic development in the next fiscal year:

1. Promote sustained and healthy economic development

2. Accelerate industrial transformation and upgrade

3. Implement an innovation-driven development strategy

4. Promote the modernization of agriculture and rural development

5. Deepen reform in economic and administrative systems while cracking down on crime and innovating social management.

6. Enhancing the level of opening up

7. Coordinate urban, rural and regional development by increasing the competitiveness of the Pearl River Delta region and promoting leap-frog development of the northern, eastern and western regions

8. Promote ecological civilization

9. Spend a total of 59.2 billion RMB to improve employment, social security, education, medical and health services, grassroots cultural and sports services, production and living conditions in rural areas, housing, production and living conditions of migrate workers

10. Build an honest and incorruptible government that serves the people

Editor: Olivia
Related News
This site contains material from other media for content enrichment purpose only. The website do not endorse such content and do not bear the joint responsibility of their copyright infringement. The views expressed in written material posted to the bulletin boards of are those of the authors and/or publishers. The website does not endorse information products posted by organizations and individuals here. The originators of these information products are solely responsible for their content. For copyright infringement issues, you shall contact within thirty (30) days. Email:
Info for Non-Residents