East, west and north wings become Guangdong’s new economic engine
2014-May-7 Source: Newsgd.com
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In Q1 this year, the east, west and north Guangdong continued their fast growth pace and surpassed PRD and the provincial average in above size industrial added value, fixed asset investment and commodity goods retail sales, said Provincial Statistic Bureau.

Economic index of PRD and East, West and North Guangdong (Jan-March, 2014)

 

PRD

East

West

North

GDP(bn Yuan)

1149.65

100.81

115.49

84.63

Year-on-Year Increase

7.2%

8.5%

8.7%

8.0%

Industrial Value-added (bn Yuan)

470.19

37.91

36.21

27.63

Year-on-Year Increase

7.8%

12.5%

13.0%

11.3%

Investment(Bn Yuan)

 

42.63

31.55

40.66

Year-on-Year Increase

 

40.2%

34.6%

30.7%

Commodity Goods Retail Sales  Year-on-Year Increase

10.7%

13.0%

11.6%

12.1%

Since the government’s announcement of a plan last July to develop the eastern, western and northern parts of Guangdong, these regions witnessed rapid catching up in transportation infrastructure, industrial parks and urban expansion and emerging as the province’s new economic engine for growth.

The construction of highway and high speed railway has brought the east, west and north Guangdong flow of talents, goods and capital. Last year, a total of 2298 kilometers highways were constructed in the areas, and two high speed railways started operation, including Xiamen-Shenzhen line and Maoming-Zhanjiang line. With a total investment of 51.75 billion RMB, a total of 2298 kilometers highways are planned in these areas in 2014.

The development of industrial parks has accelerated the industrial agglomeration in east, west and north Guangdong. According to statistics, in 2013, the province's industrial parks achieved an annual industrial added value of 109.11 billion RMB, up 33 percent year on year. The parks offer 690,200 jobs in total, an increase of 23,700 new jobs from the end of 2012.

A total of 12 new urban development plans, including Shantou Haiwan new district, Shaoguan Furong new district, Heyuan Jiangdong new district and Meizhou Jiaying new district, were approved by the provincial government since last July, and have attracted enterprises, projects and talents.

According to a provincial government work meeting, the government will continue the efforts this year in developing the mountainous eastern, western and northern Guangdong with a total investment of 170.9 billion RMB, up 2.8 percent year on year. Some 55 key projects will be allocated in east Guangdong, with an investment of 44.6 billion RMB, another 52 key projects will be allocated in west Guangdong, with an investment of 60.2 billion RMB, and the other 71 key projects will be allocated in north Guangdong, with an investment of 66.1 billion RMB. (By Olivia)

Qingyuan industry park (nfdaily)

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Editor: Olivia
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