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Economic development

2014-June-18       Source: Newsgd.com

Since implementation of the Reform & Opening-up Policy in 1978, the integrated economic strength of Guangdong has rapidly sprung to the top rank of the national total.

1. Integrated economic strength staying ahead of peer provinces

 

Since implementation of the Reform & Opening-up Policy in 1978, the integrated economic strength of Guangdong has rapidly sprung to the top rank of the national total. From 1978 to 2013, annual growth rate of the Guangdong’s GDP was 18.1% on average, and its total economic scale has successively exceeded that of Singapore, Hong Kong and Taiwan, all known as the Four Asian Tigers. In 2013, its total GDP was RMB 6.216397 trillion, equals to US$ 1.0038 trillion at the exchange rates, exceeding the threshold of 1 trillion-dollar mark, increasing by 8.5% compared with the previous year, equivalent to 10.9% of the national GDP and has been ranking first in the country for 25 consecutive years.

In terms of other important economic indicators such as taxation, fiscal revenue, social retail goods, industrial added value and household saving deposits, Guangdong topped the whole country as well.

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Editor: 王凯

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