Guangzhou GDP close to surpass US$422 billion

Release date：2024-02-12

Author/Source：Guangzhou recruitment agency

Guide reading：Guangzhou, the capital city of Guangdong Province, is on track to surpass a GDP of 3 trillion yuan (US$422 billion) by 2023, according to local authorities.

Guangzhou, the capital city of Guangdong Province, is on track to surpass a GDP of 3 trillion yuan (US$422 billion) by 2023, according to local authorities.

The city has seen significant achievements in economic and social development over the past year, with consistent growth in the total retail sales of consumer goods and imports and exports.

Additionally, fixed asset investment has exceeded 860 billion yuan. Guangzhou has made strides in digital industrialization, constructing 15,200 new 5G base stations and achieving a 13% contribution of the digital economy to the regional GDP.

The city has also prioritized the development of emerging industries, with the production of new energy vehicles exceeding 650,000 units and the added value of strategic emerging industries contributing to over 30% of the regional GDP.

The number of high-tech enterprises and technology-based small and medium-sized enterprises in Guangzhou has also increased significantly.

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