Guangdong eyes emerging industries to maintain economic momentum

The gross domestic product of Guangdong province is estimated to surpass 10 trillion yuan ($1.45 trillion) in 2019 and the province aims to develop strategic emerging industries to realize high-quality economic development, its top government official said on Monday.

Guangdong Governor Ma Xingrui said in a media conference that the overall economic strength of Guangdong province has been constantly improving. In 2018, the GDP of Guangdong province reached 9.7 trillion yuan, which was 599.8 times that of 1949 (2.03 billion yuan), accounting for 10.8 percent of the national total.

"The regional GDP has ranked first across the country for 30 consecutive years since 1989, the local general public budget revenue for 28 consecutive years since 1991, the total volume of imports and exports for 33 consecutive years since 1986, and the total retail sales of consumer goods for 36 consecutive years since 1983," Ma said.