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Xinhua Silk Road
Industry

S. China's Guangzhou sees industrial investment surpass RMB100 bln last year

March 01, 2021


Abstract : Guangzhou, capital of south China's Guangdong Province, saw its industrial investment exceed 100 billion yuan for two consecutive years in 2020, according to local authorities recently.

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Photo taken on Oct. 3, 2020 shows the night view of Canton Tower in Guangzhou, capital of south China's Guangdong Province. (Xinhua/Liu Dawei)

BEIJING, March 1 (Xinhua) -- Guangzhou, capital of south China's Guangdong Province, saw its industrial investment exceed 100 billion yuan for two consecutive years in 2020, according to local authorities recently. 

The city is home to more than a hundred 10-billion-yuan-level backbone enterprises and four 100-billion-yuan-level industries. 

It is learned that in 2020, the added value of the industrial sector in Guangzhou reached 572.3 billion yuan, up 2.6 percent year on year. 

Besides, the added value of the private economy in the city exceeded one trillion yuan for the first time in 2020, accounting for 40.8 percent of Guangzhou's GDP. 

Furthermore, Guangzhou made great efforts to develop new infrastructure industries, such as 5G, big data, artificial intelligence, industrial Internet, charging infrastructure, etc. 

A total of 48,000 5G base stations were built last year, ranking first in the province. (Edited by Yang Yifan with Xinhua Silk Road, yangyifan@xinhua.org)

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Keyword: Guangzhou

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