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Jiangsu the first Chinese province to hit GDP of 9 trillion yuan

(People's Daily Online)    16:19, January 15, 2019

Suzhou in Jiangsu province (Photo/Chinanews.com)

10 Chinese provinces have so far announced their economic performances for 2018, as the local two sessions, the annual meetings of the local legislature and the local political advisory body, recently commenced.

Among the many provinces that have pushed ahead in the race, Jiangsu is the province showcasing the most remarkable achievements so far.

According to the provincial government work report, Jiangsu maintained medium-high economic growth last year. Its GDP growth is expected to have reached around 6.7 percent in 2018, with a total GDP of 9.2 trillion yuan.

It marks the first time a Chinese province has achieved a GDP of 9-trillion-yuan, with a figure more substantial than the national economic total of Australia – the 13th largest economy in the world.

Guangdong province is also likely to join the 9-trillion-yuan club this year. Its GDP hit 8.99 trillion in 2017, and also ranked first in China for 29 consecutive years. The only question remaining is whether Guangdong's GDP could have already surpassed 10 trillion yuan.

Yin Li, governor of the southwestern province of Sichuan, announced that their GDP may have exceeded 4 trillion yuan in 2018, securing an 8-percent growth. Sichuan is likely to become the second province in China to cross the 4-trillion-yuan GDP mark in 2018, after the central province of Henan.

Seventeen other Chinese cities are expected to have ended 2018 with a GDP of more than 1 trillion yuan.

(For the latest China news, Please follow People's Daily on Twitter and Facebook)(Web editor: Bianji, Hongyu)

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