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You are here：Home page news
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GDP Rises 12% to Exceed RMB 1 Trillion
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Reading:602 Origin：Guangzhou Cucheng Service Group Refresh time:2013-11-6 |
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Guangzhou officials on October 29 released economic figures for the first three quarters of the year. In the first three quarters, the city's GDP surged 12% to hit RMB 1.112789 trillion, with financial revenue and fixed asset investment jumping 12.1% and 21.1%, respectively.
At the beginning of the year, Guangzhou officials announced plans to double the city's investment over the next four years. Fixed asset investment in the city has been expanding at an annual rate of more than 20%. In the first three quarters, the city's fixed asset investment climbed 21.2% to RMB 286.188 billion. In May, construction began on 105 major projects involving a collective investment of approximately RMB 100.4 billion. In June, work started on 33 new projects at the Bright Pearl Bay in Nansha District with a total investment of RMB 58.6 billion, giving an impetus to the city's economic growth. |
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