Guangdong government introduced the budget in the 3rd Session of the 12th Guangdong Provincial People’s Congress. The planning expenditure of the budget is 104.64 billion yuan in 2015.
A picture shows you where the money has been spent to in 2014.
This picture explains what the CPPCC Guangdong Committee is going to do in 2015.
Guangdong’s GDP growth slowed to 7.8% in 2014, with a slight decline from 8.5% in 2013. However, the province’s per capita GDP exceeded 10,000 USD, for the first time in history.
CPPCC (Chinese People’s Political Consultative Conference) Guangdong Committee fulfilled political consultation, democratic supervision and participation in the administration and discussion of state affairs actively.
The development capability of headquarter economy of Guangzhou ranked 3rd among cities in China. Only Beijing and Shanghai are ahead of it.
2014 is regarded as the crucial period for Guangdong to implement its industrial upgrading and transformation. As the first step of transformation, shifting the investment structure is significant for Guangdong in the past year.
Emerging industries, which reveal the growth potential of a region, have made remarkable achievements in Guangdong.
In 2014, all levels of governments have made efforts to achieve more substantial growth, with an adding number of enterprises gained profits and the residents’ disposal income increased.
Pearl River-West River Economic Belt Development Plan has been approved by the State Council in July. The move is the first regional plan that across east and west China, which is plan to increase the interaction between east and west China, promote complementary advantages and mutual benefits, develop the economies in ethnic and poor areas, further open up the great southwest and mid-south areas.
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