南方財經全媒體記者謝鴻州 廣州報道
GDP of China's Guangdong surpasses 13 trillion yuan in 2023
Quick question. Which province in China has the highest GDP for 35 consecutive years? And what’s the first province in the country to cross the 13-trillion yuan GDP threshold?
It’s the same answer - South China's Guangdong province.
All the figures above are released in Guangdong’s provincial "Two Sessions". It’s the largest political gathering of the year, where the Report on the Work of the Guangdong Government of each year is released.
The biggest highlight of the report - Guangdong's economic performance in 2023 and plans for 2024. Last year, Guangdong’s GDP hit 13.57 trillion yuan, with an annual growth rate of 4.8%.
The growth rate might seem a bit mild for the economic powerhouse, but it’s the first province to have crossed the 13-trillion yuan threshold, which is about 2 trillion U.S. dollars. It is a remarkable achievement if you consider the fact that only about 10 countries in the world have an GDP higher than that.
Specifically, Guangdong comes first in many areas too, such as foreign trade, industrial revenue and innovation.
Especially under weakened global demand, Guangdong has managed to secure a positive growth in imports and exports, ranking first in the country for 38 consecutive years, which is no easy task. And in terms of innovation, Guangdong has the most R&D personnel, effective invention patents and the most high-tech enterprises.
These are clear evidence that Guangdong is not only strong by quantity, but also by quality.
With great power comes great responsibility. Guangdong province has also been the biggest contributor of national fiscal transfers, effectively supporting the underdeveloped regions in the country.
Guangdong sets big plans for 2024
Looking ahead, Guangdong announced bigger plans for its economy. For 2024, it set a goal of 5% GDP growth, signaling its ambition to boost economy against headwinds. As the biggest economic powerhouse in the country, every bit of growth has a decisive role in the national market.
Among its priorities this year, I’d like to highlight two of them. One is the enhanced development of the Greater Bay Area. This year marks the 5th anniversary of China announcing the master plan for the region. It’s of national importance to build it into a world-class bay area in terms of trade, technology, manufacturing and infrastructure.
Second is balancing regional developments. Despite being the richest province, the economic development is highly unbalanced between urban and rural areas. A lot more efforts are guaranteed to be in place to support industries in less developed parts of the province, which in return will also boost Guangdong’s economy as a whole.
During Guangdong’s "Two Sessions", confidence is one popular word among members of different sectors. Now challenges remain high both domestically and globally, but people have high hopes that Guangdong will continue to amaze the country and the world with its economic miracles.
策劃：于曉娜
監制：施詩
責任編輯：李依農
記者：謝鴻州
制作：謝鴻州 蔡于恬
拍攝：謝鴻州 王沛然
新媒體統籌：丁青云 曾婷芳 賴禧 黃達迅
海外運營監制: 黃燕淑
海外運營內容統籌: 黃子豪
海外運營編輯：莊歡 吳婉婕 龍李華 張偉韜
出品：南方財經全媒體集團
本文鏈接：SFC Market Talk｜What's behind Guangdong's record-breaking GDP numbers in 2023?http://m.lensthegame.com/show-3-7576-0.html
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