pursue progress while ensuring stability Since the beginning of this year, Guangdong's economic data has continued to release positive signals
2023-12-11
As the end of the year approaches, the land of southern Guangdong is filled with warm currents. This year, the pace of Guangdong's economic development has not slowed down. In the complex and severe situation, the economy of the whole province maintains a stable recovery trend, and "lifts the main beam" for the national economic recovery. The Political Bureau meeting of the Central Committee of the Communist Party of China held on December 8th proposed to continuously promote the qualitative and effective improvement and rational growth of the economy. In the first three quarters of this year, Guangdong achieved a regional GDP of 9616.163 billion yuan, a year-on-year increase of 4.5%. This year, Guangdong's total economic output is highly expected to exceed the 13 trillion yuan mark. While Guangdong's economic output is moving towards a new level, it is accelerating the transformation of old and new driving forces, unleashing enormous potential. The rise of fireworks over the past year has not only brought warmth, but also strengthened confidence - Guangdong's economy is resilient, has great potential, and is full of vitality. The long-term positive fundamentals have not changed, and the foundation for high-quality development continues to be solid. Under pressure and seeking progress while maintaining stability, Guangdong's economy will continue to forge ahead. Under pressure, the steady recovery of economic indicators with momentum is one of the most important "chassis" for China's development, and Guangdong's economic volume accounts for about 1/10 of the total national economy. Faced with pressure and challenges, Guangdong's economy has made steady progress and is determined to break through. At the beginning of this year, Guangdong set a GDP growth target of 5% for the whole year. Towards this goal, Guangdong's economy is under pressure to rebound, taking one step at a time: GDP growth of 4% in the first quarter, 5% in the first half of the year, and 4.5% in the first three quarters. As a member of the "Billion GDP Club", every percentage point of GDP growth on the basis of a huge economic volume means a higher "value"; Every step forward has condensed the wholehearted efforts of the whole province. In addition to the provincial GDP growth rate, a series of data continue to release positive signals - according to statistics, the GDP of the Shenzhen Shantou Special Cooperation Zone increased by 30% year-on-year in the first three quarters of this year, and is expected to exceed 10 billion yuan this year; Prior to this, the total economic output of the Guangdong Hong Kong Macao Greater Bay Area was officially announced to have exceeded 13 trillion yuan for the first time, with an overall per capita GDP of 22600 US dollars... From a more micro perspective, multiple important indicators measuring economic development have achieved stable growth since the beginning of this year. As a major industrial province, in the first ten months of this year, Guangdong Province's industrial added value above designated size reached 3.33 trillion yuan, a year-on-year increase of 3.6%, with a growth rate accelerating by 0.5 percentage points compared to the first three quarters, and rebounding for six consecutive months. Among them, the growth of the three pillar industries was particularly impressive - automobile manufacturing, electrical machinery and equipment manufacturing, and computer, communication, and other electronic equipment manufacturing grew by 7.6%, 8.5%, and 2.1%, respectively, all faster than the first three quarters. In addition, in October, the added value of industries above designated size in the province reached a new monthly growth rate in the second half of the year. From the perspective of enterprise profits, in the first three quarters of this year, industrial enterprises above designated size in the province achieved a total profit of 0.76 trillion yuan, a year-on-year increase of 10.2%, which was 6.5 percentage points faster than the first half of the year. Professor Lin Jiang from the Department of Economics at Lingnan College of Sun Yat sen University stated that the growth of added value in large-scale industries is related to the operation and production of enterprises
Edit：Hu Sen Ming Responsible editor：Li Xi
Source：GD TODAY
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