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People's Daily Online>>China Business

Guangdong retreat from GDP battle

By Huang Jingjing (Global Times)

08:08, January 11, 2012

At the turn of the year, the total output value and GDP growth numbers were still highlighted in reports or meetings of many local governments, in defiance of the public calls to divert attention away from the GDP and toward overall development.

With these recent announcements, the provincial members of the trillion yuan GDP club will likely expand to 22, from 17 the previous year, China Business News reported.

Chongqing announced at its municipal people's congress on Sunday that its GDP in 2011 approached one trillion yuan ($158 billion), up 16.5 percent from the previous year, the highest growth rate in the country. The number is equivalent to Algeria's national GDP in 2010.

Guangxi estimated its GDP value last year at 1.16 trillion yuan, with Jiangxi and Jilin both put their own at above the 1 trillion yuan.

"Those numbers, on one hand may indicate local economic development, but on the other hand, they show local officials' achievements and carry weight on performance assessments for promotion," explained Li Shi, professor from School of Economics and Business Administration at Beijing Normal University.

"Especially at this critical point of nationwide leadership transition, it's not surprising to see growing competitiveness and attempts at gaining popularity using these powerful numbers," Li told the Global Times.

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