GDD leads Guangzhou in high quality development in 2019

The sixth session of GDD's first congress of Party representatives is held on May 25. [Photo by Xiao Kunhua]

Guangzhou Development District (GDD) has made remarkable achievements in its high quality development in 2019, ranking first in Guangzhou in five economic indexes, officials announced during the sixth session of GDD's first congress of Party representatives on May 25.

GDD has achieved a gross regional domestic product of 350.2 billion yuan ($49.11 billion) in 2019, with a record year-on-year growth of 8.6 percent.

Its total industrial output value above scale amounted to 793.6 billion yuan, while its fixed-asset investment reached 139.8 billion yuan, both ranking first in the city.

In addition, GDD has seen the highest import and export volumes in 2019 in Guangzhou, reaching 160.1 billion yuan and 128.5 billion yuan respectively. It also topped the city in the highest foreign investment in actual use, reaching $2.28 billion.

The tax revenue of GDD in 2019 also climbed by 11 percent to 116.8 billion yuan.

GDD has also ranked first among all development districts in China in five factors, namely technological innovation ability, business environment index, listed company number, granted invention patents, and tax revenue.

It has launched the first business environment reform bureau in Guangdong, making Guangzhou the pioneer in that regard among the four Chinese mega-cities of Beijing, Shanghai, Guangzhou, and Shenzhen.

Progress has also been made in its scientific innovation development, such as six local projects wining State Science and Technology Awards, the successful launch of a satellite named after Huangpu, and the settling down of a fund of funds (FOF) of 6 billion yuan for the conversion of scientific outcomes by the Chinese Academy of Sciences.

GDD has initially formed a new industrial development pattern featuring cutting-edged industries, such as artificial intelligence, hydrogen, biomedicine, and nanotechnology.  

It has introduced a total of 164 quality projects, including those by AstraZeneca and Siemens, to the area, with an overall investment of 300 billion yuan. GDD was awarded the UN Investment Promotion Awards (IPAs) in 2019.

GDD has attached great importance to the improvement of local people's livelihoods as the district was selected as one of the happiest cities at the county-level in China in 2019. The first bus lane pilot covered by 5G signals in the world has started operation in Huangpu and a new metro line was put into use.

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