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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.
5. Trade in services grows rapidly
In recent years, the service trade has been developing rapidly in Guangdong. In 2012, the service trade value exceeded the threshold of 100 billion dollar for the first time. In 2013, the trade in services in Guangdong kept a rapid growth: the total imports and exports value of the trade in services reached US$139.51 billion, accounting for 1/4 of the national total, grew by 31.0%. The traditional trade in services projects dominate, and the modern services trade keeps a steady growth. The provincial import and export businesses of trade in services are mainly conducted in Hong Kong, Singapore, the United States, Japan, South Korea and other countries and regions, and the total import and export value of the service trades conducted between these above five countries (regions) and Guangdong province accounts for 85.7% of the provincial total. Hong Kong remains as the largest service export destination and source of imports for our province, and the import and export share of Guangdong-Hong Kong trade in services still takes up more than a half of the total in the whole province.

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Editor: 王凯

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