South China City Spells Future Development Goal

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Last updated at: (Beijing Time) Wednesday, March 26, 2003

South China City Spells Future Development Goal

Guangzhou, capital of south China's Guangdong Province, is hoping to double its gross domestic product (GDP) of 2001 by 2007, Zhang Guangning, acting mayor of the city, said on Tuesday.

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Guangzhou, capital of south China's Guangdong Province, is hoping to double its gross domestic product (GDP) of 2001 by 2007, Zhang Guangning, acting mayor of the city, said on Tuesday.

In delivering a government work report to the ongoing first session of the 12th People's Congress of Guangzhou City, Zhang pledged that by the year 2007, they would score over 8,000 US dollars in per capita GDP and the rate of urbanization in Guangzhou will be 85 percent.

According to Zhang, Guangzhou notched 300.17 billion yuan (about 36.17 billion US dollars) in GDP last year, with the per capita GDP amounting to 5,000 US dollars.

From 1998 to 2002, more than 75.21 billion yuan (about 9.06 billion US dollars) was spent in urban construction, with the completion of 180 items of infrastructure.

The per capita disposable income of urban residents last year was 13,380 yuan (about 1,612.1 US dollars), up 45 percent from the1997 level, while the per capita net income of rural residents was6,857 yuan (some 826 US dollars), up 24 percent from 1997. The consumption structure of urban residents has improved greatly.

The first session of the 12th People's Congress of Guangzhou City began last Friday and will close on March 29.

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