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Guangzhou economy scales new high

Date Added: January 07, 2010 07:05:23 AM
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Category: Electronics Agents: hard drive enclosure free
Guangzhou strong measures on the impact of global financial crisis will resolve the pay. The economy of Guangzhou, despite its location in the Delta Pearl, the area hardest hit by the economic crisis, flexible metal hose should be strictly limited not only affected but also scaled a new peak since the beginning of the crisis.

A series of recently published data show that GDP Guangzhou is completed 900 billion yuan in 2009, after reaching 600 billion yuan, 700 billion yuan and 800 billion yuan over the past three years shows that the economy has seen the city, a V do-form. To address the economic crisis, Guangzhou has taken three steps: first, the city has gradually withdrawn from the secondary sector and the focus has shifted towards the tertiary stainless steel hose sector. Secondly, the city has a major effort to leading companies and large projects become the engines of economic growth and boost the manufacturing industry at the upper end of the market. Third, innovation has replaced the local factors of production to the engine of economic growth dominant.

Guangzhou took pressure from the international financial crisis on the local market, the phasing out of the productive forces backward, leaving room for development between large companies and mega-products, and intensify the establishment of a modern industrial system.

At present, Guangzhou emerging technology-intensive industries, including software, electrical automation, biopharmaceuticals and fine chemicals is growing in leaps and bounds. During the first eleven months of last year have increased in the city high industry advanced 17.5 percent, 8.1 percentage points higher than the growth rate of industrial production in the city.
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