Guangdong: GDP will hit $1 trillion
South China’s Guangdong province, the nation’s leading economic powerhouse, is projecting it will end the year with 6.23 trillion yuan ($1 trillion) in GDP, up 8.5 percent from 2012.
It is likely to be the only province in China to reach the milestone, said Zhang Jun, deputy director-general of the provincial reform and development commission. accelerating growth in less developed regions and keeping a balance among regions.
According to the senior official, the province has also poured more generous capital into infrastructure and programs related to people’s welfare this year.
Guangdong’s spending on social programs took 66.8 percent of the province’s fiscal expenditures in the first three quarters of the year, a 9 percent rise from a year ago. Basic pension and medical insurance now covers the entire population of the province.
Posing with one of the 100 Doraemon cartoon figures on show in Guangzhou. Guangdong province now has strong animation and computer game industries.