GUANGZHOU, China, Jan 17 (Bernama-BUSINESS WIRE) — Guangdong Province is expected to maintain its leading position as China’s top provincial economy in 2024, with its GDP estimated to surpass 14 trillion yuan, according to the Guangdong Provincial People’s Congress report on January 15, 2025. This milestone marks the 36th consecutive year Guangdong has ranked first in national economic output. Foreign trade also reached a new high, with total imports and exports growing 9.8% year-on-year to exceed 9 trillion yuan.
The province hosted record-breaking international engagement at the Canton Fair, attracting around 500,000 overseas buyers. Guangzhou and Shenzhen became pilot cities for wholly foreign-owned hospitals, while Amazon Global Selling launched its first Asia-Pacific innovation center in Shenzhen to support Chinese e-commerce businesses expanding globally.