Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Economy

GDP of China's Guangzhou tops 2.5 trln yuan in 2020

February 01, 2021


Abstract : The GDP of Guangzhou, capital of south China's Guangdong Province, grew 2.7 percent year on year to exceed 2.5 trillion yuan (about 388.25 billion U.S. dollars) in 2020, local authorities said Friday.

GUANGZHOU, Jan. 29 (Xinhua) -- The GDP of Guangzhou, capital of south China's Guangdong Province, grew 2.7 percent year on year to exceed 2.5 trillion yuan (about 388.25 billion U.S. dollars) in 2020, local authorities said Friday.

During the 13th Five-Year Plan period (2016-2020), Guangzhou's GDP increased from nearly 1.86 trillion yuan to over 2.5 trillion yuan, with an average annual growth rate of 6 percent, said Feng Jun, vice head of the Guangzhou Statistics Bureau, at a press conference.

The city's per capita GDP of local residents exceeded 20,000 U.S. dollars, Feng said, adding that agricultural production in Guangzhou has been growing at the fastest rate in 26 years.

The output value of the city's three pillar industries -- automobile manufacturing, electronic product manufacturing and petrochemical manufacturing -- increased by 3.7 percent year on year in 2020, with the auto industry posting double-digit growth for seven months during the year.

The metropolis has also seen a boom in new forms of businesses.

Last year, the new-generation information technology industry in Guangzhou rose by 11.6 percent year on year. The annual output of integrated circuits, new energy vehicles, lithium-ion batteries and face masks increased by 34.1 percent, 17.3 percent, 42.3 percent and 9.1 times, respectively. The internet, software and information technology services saw revenue growth of 14.3 percent year on year. Enditem

Scan the QR code and push it to your mobile phone

Keyword: trade Guangzhou GDP

Reading:

China's major ports record accelerating container throughput growth

China becomes Malaysia's largest trading partner for 12 consecutive year as bilateral trade grow in 2020

China's Hebei records foreign trade growth of 10.2 pct in 2020

China sees increasing investment in B&R countries in 2020

China's Hubei opens new airport

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial