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Guangdong's GDP Hits $1.9 Trillion Amidst Growth Challenges

1/28/2025

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Summary

Story summary

Guangdong province's GDP hit CNY14.1 trillion (USD1.9 trillion) in 2024, remaining China's largest economy for 36 years.
The economy grew by only 3.5%, falling short of targets for the third consecutive year due to real estate challenges and low consumption.
Provinces like Jiangsu and Shandong set growth targets above 5% for 2025, with Xizang aiming for over 7%.

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Story summary

Guangdong province's GDP hit CNY14.1 trillion (USD1.9 trillion) in 2024, remaining China's largest economy for 36 years.
The economy grew by only 3.5%, falling short of targets for the third consecutive year due to real estate challenges and low consumption.
Provinces like Jiangsu and Shandong set growth targets above 5% for 2025, with Xizang aiming for over 7%.