In 2016, Tianhe District, Guangzhou’s No. 1 economic district, had the GDP of 380.118 billion yuan which is equivalent to that of sub-provincial city Xiamen, up 9% year on year.
Also, Huangpu District had the GDP of 300.5 billion yuan which is equivalent to that of capital city Guiyang. Yuexiu District’s GDP hit 290.9 billion yuan, higher than that of any city in the east, west or north of Guangdong.
Nansha District took the city’s lead in growth rate with its 13.8% year-on-year growth, which was followed by Tianhe and Zengcheng districts. Moreover, Zengcheng District joined the GDP 100Bil. Yuan Club with the GDP of 104.6 billion yuan in 2016.
As the most powerful engine of Guangdong’s economy, Guangzhou shoulders the mission of forging the South China economic center, sci-tech innovation center and international hub center.
In terms of industry, Guangzhou’s enterprises above threshold completed gross industrial output value of 1.955625 trillion yuan, comparable to the city’s GDP, taking the lead in the province’s industrial development.
Huangpu, Nansha and Huadu are leading districts in Guangzhou’s industrial development. Huangpu ranked the city’s No. 1 with the gross industrial output value of enterprises above threshold of 714 billion yuan, or about 1/3 of the city’s total, and was followed by Nansha with 305.5 billion yuan and Huadu with 211 billion yuan.
Panyu’s enterprises above threshold completed gross industrial output value of 196.8 billion yuan, taking the city’s lead with a year-on-year growth rate of 13%. As Guangzhou’s central districts, Haizhu and Liwan achieved the growth rates of 10% and 9.3% respectively, ranking the 2nd and the 3rd in the city accordingly. Next came Tianhe and Zengcheng, achieving the gross industrial output value of 153.4 billion yuan and153 billion yuan accordingly.
In terms of fixed assets investment, Guangzhou completed the fixed assets investment of 570.359 billion yuan, up 8.0% year on year.
Zengcheng completed the fixed assets investment of 52.6 billion yuan at a city-leading year-on-year growth rate of 33%. In 2016, the district’s real estate development and investment hit 30.1 billion yuan, up 52.26% year on year, accounting for 57% of the district’s total fixed assets investment.
Nansha, a hot land with governmental incentives, continued rapid growth in fixed assets investment. The district completed the fixed assets investment of 81.3 billion yuan at a growth rate of 31%. As an area favored by Free Trade Zone and National New Area policies, Nansha is under the stage for great development and construction. As a hot land for infrastructure and real estate development, Nansha has the real estate development growth rate of nearly 20%.
