Guangzhou's GDP was expected to surpass 1 trillion yuan (US$147 billion) this year, equal to that of New Zealand or Hungary, a senior provincial official said Tuesday.
If it happened, Guangzhou would join Shanghai and Beijing as the third city in China s Trillion Yuan GDP City Club, Wang Xudong, director general of the city statistics bureau, said.
In the first three quarters, 765.428 billion yuan was registered, up 13.5 percent over the same period last year, he said. Growth was 0.1 percent less than the figure for the first six months of the year.
Projects for the Asian Games to be held this month contributed nearly 20 percent to the GDP, yielding some 160 billion yuan. The real estate industry yielded 60.475 billion yuan in GDP, Wang said.
The city s per capita disposable income in the first three quarters was 23,310 yuan, increasing 10.9 percent over the same period of last year.
Guangzhou was targeting 10-percent growth in both GDP and per capita income in 2010, Zhang Guangning, then Guangzhou mayor, said in his government report April 12.
According to Zhang, Guangzhou s GDP reached 911.3 billion yuan in 2009, an increase of 11.5 percent year on year and the per capita GDP was 88,834 yuan, an increase of 10 percent.
Guangdong GDP grew 9.5 percent in 2009 to reach 3.776 trillion yuan.
