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Guangzhou GDP growth expected to exceed 12% this year

Guangzhou GDP growth expected to exceed 12% this year

Write: Douce [2011-05-20]

The annual inspection by deputies to the Municipal People's Congress starts today. On the morning of December 21, the Standing Committee of the Municipal People's Congress held a briefing on the city's administration in 2010. At the meeting, Mayor Wan Qingliang briefed the deputies on the work completed by the city government in 2010.

According to Mayor Wan, the city's GDP this year through November surged 12.6% to 942.9 billion yuan, indicating that the city is on track to become a city with an annual GDP in excess of a trillion yuan.

The mayor also revealed that construction had begun on 40,000 government-subsidized apartments with a gross floor area of 3 million square meters.

(Translated by Guangzhou Association of Foreign Affairs Translators)