Southern Powerhouse Reports Robust Growth

South China’s Guangdong province recorded 8% economic growth in 2021 to 12.4 trillion yuan ($1.95 trillion), People’s Daily reported, citing acting governor Wang Weizhong.

The province’s foreign trade surpassed 8 trillion yuan last year, a year-on-year increase of 16.7%, while Dongguan has become the fourth city with a 1-trillion-yuan economy, following Guangzhou, Shenzhen and Foshan, Wang said.

Read the full report: People’s Daily

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George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.