The Guangdong government released a guideline to develop its manufacturing sector on June 1, which is a major move after it vowed to start a trend of high-quality development earlier in January 2023.
Guangdong’s economy has maintained its recovery momentum, as shown by the January-to-April major indicators released by the Bureau of Statistics of Guangdong Province on May 25.
In the first quarter of 2023, Guangdong's GDP reached 3,017.823 billion RMB, up 4.0% year on year, according to the Statistics Bureau of Guangdong Province. The province's economy set off with a strong start in 2023, as evidenced by the recovery of key economic indicators.
Hengqin Port sees over 3.4 million inbound and outbound passengers in the first quarter of 2023, a growth of 74.8% year-on-year, according to the Hengqin Border Inspection Station. Now the average daily passenger flow of Hengqin Port exceeds 40,000.
According to 2023 Guangdong Government Work Report delivered on January 12, Guangdong's GDP is estimated to hit 12.8 trillion RMB in 2022, a year-on-year increase of 2 percent, ranking the first in China for 34 consecutive years. Let's take the infographics to know more about the report.
In the first three quarters of 2022, Guangdong has achieved further growth in terms of major economic indicators. The economy picked up with sound momentum during the last nine months.
Guangdong has maintained robust economic growth and made great strides in high-quality development over the past 10 years, said Wang Weizhong, governor of Guangdong, during a latest press conference on August 31. The province's GDP more than doubled to 12.4 trillion RMB (about 1.8 trillion U.S. dollars) in 2021, up from 5.7 trillion RMB in 2012.