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Guangdong, Sichuan economies grow rapidly in 2010

Guangdong, Sichuan economies grow rapidly in 2010

Write: Aleksandra [2011-05-20]

China's southern coastal province of Guangdong and southwestern Sichuan Province reported double-digit gross domestic product (GDP) growth in 2010, reflecting robust economic momentum.

Guangdong generated nearly 4.57 trillion RMB (696.4 billion USD) in GDP last year, a 12-percent year-on-year rise, according to provincial governor Huang Huahua.

In GDP terms, Guangdong is bigger than Singapore, Hong Kong and Taiwan. Its economy is expected to be bigger than the Republic of Korea's by 2020. Sichuan is expected to realize 15-percent year-on-year GDP growth in 2010, with 1.67 trillion RMB of output, Jiang Jufeng, governor of Sichuan, said at a conference in January.

The inland province exported 18.9 billion USD of goods last year, an year-on-year increase of 35.6 percent, while its imports totaled 13.88 billion USD.

The per capital disposable income of urban Sichuan residents totaled 15,467 RMB in 2010, up 11 percent year on year, while that of rural residents increased 13 percent to 5,000 RMB.