Guangdong province reports 6.3% economic growth in 2019

Guangdong Province, one of the country’s economic powerhouses, estimated its gross domestic product rose around 6.3% to surpass 10.5 trillion yuan (around $1.52 trillion) in 2019.

Ma Xingrui, governor of the province, made the announcement yesterday when delivering a government work report at the opening of the annual provincial legislative session.

Facing external uncertainties in 2019, Guangdong, a leading foreign trade player in the country, saw its imports and exports totaling 7.14 trillion yuan, down 0.3% year on year, according to the report.

The province unveiled 32 measures to boost high-quality development of foreign trade and explore the international markets. Last year, Guangdong’s trade volume with the European Union and ASEAN rose 10.7% and 4.9%, respectively.

Guangdong’s actual use of foreign capital rose 3.5% to reach 150 billion yuan in 2019.

The per capita disposable income in the province saw an increase of 8.6% to 38,900 yuan last year.

Guangdong also announced its 2020 growth target at about 6%. Xinhua

Categories Greater Bay