Land re­form in­jects new vi­tal­ity to eco­nomic growth in South China

Fiji Sun - - China News -

Guangzhou: Once a test­ing ground for China’s re­form and open­ing-up, the Pearl River Delta in south China is em­brac­ing yet another re­form to make bet­ter use of ru­ral land for higher-qual­ity devel­op­ment.

What stands out in this land re­form is Shunde District in the city of Foshan, south China’s Guang­dong Province, which recorded a gross do­mes­tic pro­duc­tion (GDP) of over 150 bil­lion yuan (around US$21bn) in the first half of 2019, up 7.1 per cent year on year. De­spite the im­pact brought by the Sino-U.S. trade fric­tion, com­pa­nies in Shunde still en­joyed ro­bust growth in the first half of the year, in­clud­ing Midea Group, a lead­ing home ap­pli­ances maker in China, Coun­try Gar­den, the coun­try’s prop­erty gi­ant, and more. Shunde’s suc­cess should be at­trib­uted to the trans­for­ma­tion of ru­ral in­dus­trial parks and land re­arrange­ment in re­cent years, ac­cord­ing to ex­perts.

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