Huangpu people's congress opens ninth session

The ninth session of the 1st Huangpu District People's Congress opened on March 1.

Chen Yong, head of Guangzhou's Huangpu district, delivered a government work report on behalf of the Huangpu district people's government.

The conference reviewed Huangpu's 14th Five-Year Plan (2021-25) for National Economic and Social Development and the draft of its "Vision 2035". It examined the execution of Huangpu's National Economic and Social Development Plan and budget in 2020, as well as the drafts of its plan and budget for 2021.

Moreover, the attendees listened to the work reports of the Standing Committee of the Huangpu District People's Congress, and local court and procuratorate.

The ninth session of the 1st Huangpu District People's Congress opens on March 1.

According to the conference, in 2020, Huangpu recorded a growth rate of 4.1 percent in regional GDP, 18.2 percent in fixed-asset investment, 10.4 percent in total commodity sales, 10.5 percent in total retail sales of consumer goods, 11.6 percent in fiscal and tax revenues, 4.6 percent in general public budget revenue, and 10.1 percent in export value.

This year, the district put forth plans to realize an increase of 10 percent in regional GDP, 5 percent in general public budget revenue and 20 percent in fixed-asset investment, thus getting the 14th Five-Year Plan period off to a good start. R&D investment as a proportion of regional GDP is expected to reach 5 percent.

Moreover, Huangpu will strive for an annualized growth rate of 8 percent in regional GDP and 17 percent in fixed-asset investment by 2025. Local industrial output values are expected to exceed 1.4 trillion yuan ($216.7 billion), and urban and rural incomes are hoped to increase in tandem with economic growth.

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