Guangdongese GDP(2010) to be about 0.7 trillion USD

[badguy2000]

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.

作为中国GDP第一大省，广东率先迈入4万亿俱乐部。广东省统计局副局长朱遂文日前透露，今年1－11月，初步预计广东实现地区生产总值40，703.63亿元，按可比价格计算，比去年同期增长12.3%，同比增幅提高3.1个百分点。不过，今年前三季度，广东和江苏的GDP差距只有2，000多亿元，一些专家认为未来二三年，广东可能被江苏超过。
http://gb.chinareviewnews.com/doc/1...=45&kindid=0&docid=101522040&mdate=1128094802

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.

 

[Rage]

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

Does China have such a thing as 'equalization payments'?

 

[badguy2000]

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

Does China have such a thing as 'equalization payments'?

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.

 

[Rage]

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 promotion,

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

 

[Shaitan]

Fantastic, good job. Truly a rising nation.