SFC Market Talk|What's behind Guangdong's record-breaking GDP numbers in 2023?

南方财经全媒体记者谢鸿州广州报道

GDPofChina'sGuangdongsurpasses13trillionyuanin2023

Quickquestion.WhichprovinceinChinahasthehighestGDPfor35consecutiveyears?Andwhat’sthefirstprovinceinthecountrytocrossthe13-trillionyuanGDPthreshold? 

It’sthesameanswer-SouthChina'sGuangdongprovince.

AllthefiguresabovearereleasedinGuangdong’sprovincial"TwoSessions".It’sthelargestpoliticalgatheringoftheyear,wheretheReportontheWorkoftheGuangdongGovernmentofeachyearisreleased.

Thebiggesthighlightofthereport-Guangdong'seconomicperformancein2023andplansfor2024.Lastyear,Guangdong’sGDPhit13.57trillionyuan,withanannualgrowthrateof4.8%.

Thegrowthratemightseemabitmildfortheeconomicpowerhouse,butit’sthefirstprovincetohavecrossedthe13-trillionyuanthreshold,whichisabout2trillionU.S.dollars.Itisaremarkableachievementifyouconsiderthefactthatonlyabout10countriesintheworldhaveanGDPhigherthanthat.

Specifically,Guangdongcomesfirstinmanyareastoo,suchasforeigntrade,industrialrevenueandinnovation.

Especiallyunderweakenedglobaldemand,Guangdonghasmanagedtosecureapositivegrowthinimportsandexports,rankingfirstinthecountryfor38consecutiveyears,whichisnoeasytask.Andintermsofinnovation,GuangdonghasthemostR&Dpersonnel,effectiveinventionpatentsandthemosthigh-techenterprises.

TheseareclearevidencethatGuangdongisnotonlystrongbyquantity,butalsobyquality.

Withgreatpowercomesgreatresponsibility.Guangdongprovincehasalsobeenthebiggestcontributorofnationalfiscaltransfers,effectivelysupportingtheunderdevelopedregionsinthecountry.

Guangdongsetsbigplansfor2024

Lookingahead,Guangdongannouncedbiggerplansforitseconomy.For2024,itsetagoalof5%GDPgrowth,signalingitsambitiontoboosteconomyagainstheadwinds.Asthebiggesteconomicpowerhouseinthecountry,everybitofgrowthhasadecisiveroleinthenationalmarket.

Amongitsprioritiesthisyear,I’dliketohighlighttwoofthem.OneistheenhanceddevelopmentoftheGreaterBayArea.Thisyearmarksthe5thanniversaryofChinaannouncingthemasterplanfortheregion.It’sofnationalimportancetobuilditintoaworld-classbayareaintermsoftrade,technology,manufacturingandinfrastructure.

Secondisbalancingregionaldevelopments.Despitebeingtherichestprovince,theeconomicdevelopmentishighlyunbalancedbetweenurbanandruralareas.Alotmoreeffortsareguaranteedtobeinplacetosupportindustriesinlessdevelopedpartsoftheprovince,whichinreturnwillalsoboostGuangdong’seconomyasawhole.

DuringGuangdong’s"TwoSessions",confidenceisonepopularwordamongmembersofdifferentsectors.Nowchallengesremainhighbothdomesticallyandglobally,butpeoplehavehighhopesthatGuangdongwillcontinuetoamazethecountryandtheworldwithitseconomicmiracles.

策划:于晓娜    

监制:施诗

责任编辑:李依农

记者:谢鸿州 

制作:谢鸿州蔡于恬

拍摄:谢鸿州王沛然

新媒体统筹:丁青云曾婷芳赖禧黄达迅

SFC Market Talk|What's behind Guangdong's record-breaking GDP numbers in 2023?

海外运营监制:黄燕淑

海外运营内容统筹:黄子豪 

海外运营编辑:庄欢吴婉婕龙李华张伟韬

出品:南方财经全媒体集团

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