Guang­dong: GDP will hit $1 tril­lion

China Daily (Hong Kong) - - GUANGDONG SPECIAL - By ZHAN LISHENG in Guangzhou zhan­lisheng@chi­nadaily.com.cn

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.

GAO DIANHUA /FOR CHINA DAILY

Pos­ing with one of the 100 Do­rae­mon car­toon fig­ures on show in Guangzhou. Guang­dong prov­ince now has strong an­i­ma­tion and com­puter game in­dus­tries.

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