Guangdong in the lead in major economic indicators

A recent report shows that Guangdong is ahead of all other provinces in China in major economic indicators.


The report, titled "A Comparative Study of the Economic Development in Guangdong, Jiangsu, Zhejiang, and Shandong in 2007", was released by the Guangdong Provincial Investigation and Research Center.

The report shows that the GDP growth rates in these four provinces last year were all above the 10.7% national average level. The GDP growth rate in Jiangsu was the highest, followed by Shandong, Guangdong, and Zhejiang. However, Guangdong’s total amount of GDP was the highest among the four provinces, reaching 2.6 trillion yuan, followed by Shangdong and Jiangsu, whose total amount of GDP both exceeded 2 trillion yuan. Zhejiang’s total amount of GDP reached 1.5 trillion yuan, ranking fourth.


With regard to per capita GDP, Zhejiang ranked first among the four, as its per capita GDP reached nearly 5,000 US dollars. The per capita GDP of Jiangsu and Guangdong both exceeded 3,500 US dollars for the first time and that of Shandong nearly hit 3,000-US-dollar mark. In terms of the per capita GDP growth, Jiangsu led the other three provinces last year, followed by Shandong, Guangdong, and Zhejiang.


With regard to local revenue, Guangdong was in the lead last year, followed by Jiangsu, Shandong, and Zhejiang. Although Guangdong and Zhejiang fell slightly behind the national average of 22.9% in their local revenue growth rate, Guangdong still led other provinces in local financial revenue last year.