Guangzhou Daily: Huangpu's GDP rises by 20.6% to $13.69b in Q1

The regional GDP of Guangzhou's Huangpu district was 87.95 billion yuan ($13.69 billion) in the first quarter of this year, up 20.6 percent year-on-year.

Local output value of industrial enterprises above designated size increased 29.6 percent year-on-year to 188.05 billion yuan during the period, and tax revenue grew by 19.9 percent year-on-year to 26.81 billion yuan.

The district's foreign trade value, which rose by 28.2 percent from the same period of 2020 to 77.49 billion yuan, ranked first in Guangzhou. Of particular note, the import-export value of cross-border e-commerce was 7.4 billion yuan, accounting for 9.6 percent of Huangpu's total foreign trade value.

Local turnover of wholesale and retail industries amounted to 222.53 billion yuan, a year-on-year increase of 21.6 percent.

A collective signing and groundbreaking ceremony for 103 key projects in the first quarter was held on Feb 21. Thirty-one projects contracted for settlement, while the other 72 began construction at the event.

With a total investment of 113.9 billion yuan, these projects are expected to generate an annual operating income of 241.6 billion yuan. They cover a wide range of fields including strategic emerging industries, business office space, infrastructure, urban renovation and Party construction.

To further optimize its business environment, Huangpu launched 168 measures for the formation of a "Huangpu Smile" business brand, with "Smile" standing for systematization, marketization, internationalization, legalization and efficiency facilitation.

Huangpu launches 168 measures to foster the "Huangpu Smile" business brand that highlights systematization, marketization, internationalization, legalization and efficiency facilitation.

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