Statistics Bureau of Guangzhou Municipality recently released 2011 Guangzhou Economic and Social Development Review, which shows stable economic growth of Guangzhou in the past year. It is expected that the per capita disposable income of Guangzhou urban residents will reach RMB 34,300 yuan, with a year-on-year growth of 12.0%, outperforming the GDP and CPI.

Guangzhou's GDP in 2011 is expected to hit RMB1,238 billion yuan, with a year-on-year growth of 11%. Its economy has overcome the adverse impact at home and abroad and achieved GDP growth of 11.2%, 11.0%, 11.0% and 11.0% respectively for the first quarter, the first half year, the first three quarters and the full year. In spite of slowdown last year, the GDP growth rate has been stable and outperformed the national and provincial average level. Meanwhile, the price rise has been eased. The urban CPI is expected to increase by 5.5% year on year in 2011.

In 2011, the per capita disposable income of urban residents in Guangzhou is expected to be RMB 34,300 yuan, with a year-on-year growth of 12.0% and outperforming the GDP. Excluding the price factors, the figure still outperforms the CPI. Specifically, the wage income has increased by 9.8%. The rural per capita net income is RMB 14,700 yuan, with a year-on-year growth of 16.0%. Since 2008, the per capita net income growth of rural residents has been higher than the per capita disposable income of urban residents. The per capita income ratio of urban and rural residents has been reduced from last year's 2.42:1 to 2.39:1.