In 2007, Guangdong is expected to see its economic output exceeding the average output of the four East Asian Tigers, which include Hong Kong, South Korea, Singapore and Taiwan. Meanwhile, Guangdong is making effort to improve its sustainable development capacity and upgrade its industries to be more environmental friendly and with higher value added. 

	2006 GDP(bn USD)	Growth Rate(%)*	2007 (expected) GDP(bn USD)	Growth Rate(%)
Guangdong	327.5	17.2	390.0	17.0
Hong Kong	190.1	6.8	199.5	4.8
South Korea	762.1	5.1	808.5	4.5
Singapore	128.0	7.9	137.8	6.0
Taiwan	361.3	4.3	376.6	4.1
Average of Four Eest Asian Tigers	360.4		380.6

                                                *GDP Growth Coincided with Domestic Currency Change

Guangdong is the export base of China and is proud to say made-in-Guangdong products are being sold in every continent. Meanwhile, Guangdong is also expanding its domestic sales and imports so as to pursue a more balanced trading performance.

Knowing continuously bettering the industrial structure is key to its sustainable social and economic development, Guangdong focused on developing its manufacturing, especially export-oriented manufacturing and processing, in the past two decades and shifted to higher-value-added and heavy industries in recent years. Meanwhile, the province is also increasing its support and capital input to develop its tertiary industry, including the production service industry and cultural industry.

Industry Layout of Guangdong, South Korea and Taiwan
Annual Personal GDP	Guangdong	South Korea	Taiwan
≥1000 USD	13.7:48.9:37.9
≥2000 USD	6.8:47.9:45.3	13.6:41.6:44.8	7.9:45.1:47.0
≥3000 USD	6.0:51.8:42.7	10.5:43.4:46.1	5.7:47.5:46.3

                                                  Source: Official Website of Guangdong Statistics Bureau

Editor: Donald