Guangdongese GDP(2010) to be about 0.7 trillion USD

Discussion in 'International Politics' started by badguy2000, Nov 28, 2010.

  1. badguy2000

    badguy2000 Respected Member Senior Member

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    it is reported that Guangdong's GDP( during Jan,2010-Nov,2010) is 4.0703 trillion RMB( about 0.63 trillion USD). it is expected that Guangdong's 2010 GDP is to be 4.5 trillion RMB or so( about 0.7 trillion USD). the growth rate of Guangdong' GDP is 12.3% .

    For time being, of all provinces, Guangdong province has most GDP.but it is just slightly ahead of Jiangsu province and SHandong province.

    It is expected that Guangdong province is to be surpassed by Jiangsu and Shandong in one or two years, because the two provinces are growing faster.

    BTW , it is noticable that in the past 5 years, inland China has been growing faster than coastal China.
    Of all provinces, Inner Mongolia has been growing fastest in the past decade.
    the provinces in Center China such as An'hui,Hunan, Henan and Jiangxi also develop faster than those traditional growth powerhouses such as Guangdong,Jiangsu and Zhejiang.
     
    Last edited: Nov 28, 2010
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  3. Rage

    Rage DFI TEAM Stars and Ambassadors

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    If anything, that shows us the disparity in Chinese economic development.

    Does China have such a thing as 'equalization payments'?
     
  4. badguy2000

    badguy2000 Respected Member Senior Member

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    the provinces in CHina are competing fiercely against each others for more investment and higher growth.

    because the CCP bosses from the provinces growing faster have much more chance to get a promotion.


    BTW, in the past several years, many factoriies have been moved to inland China from coastal CHina.that is why inland China grew faster than coastal China.

    Besides, because those factories were moved to inland china , millions of peasants workers can find jobs in the factories in their hometowns and refuse to leave their hometown for jobs in coastal provinces. that is why coastal CHina now is short of labours .

    the industry shift from coastal China should have been one chance for those countries with cheaper labours such as India and Vietnam. However, because Indian government is too slow to create enough pro-commerial conditions,it seems that Indian can hardly receive FDI from coastal CHina.
     
    Last edited: Nov 28, 2010
  5. Rage

    Rage DFI TEAM Stars and Ambassadors

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    Doesn't answer my question. The same happens in much of the rest of the world. Ofcourse, with the intention of kickbacks and higher tax revenues, for the most part; in addition to competing electoral and political objectives.

    Is such a thing available in China:

    http://en.wikipedia.org/wiki/Equalization_payments
     
  6. Shaitan

    Shaitan Zandu balm all day Senior Member

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    Fantastic, good job. Truly a rising nation.
     

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