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INTERSHORES I GDP of the 9 GBA Chinese Cities in Guangdong  Surpassed 5.12 Trillion RMB (US$0.7 Trillion) in H1 2023


In the first half of 2023, the 9 GBA Chinese cities in Guangdong accelerated the implementation of various major manufacturing projects to promote industrial transformation and upgrading despite a complex and changing international economic situation.


Shenzhen takes first place in Guangdong in terms of economic output, with its GDP surpassing 1.6 trillion RMB (US$0.22 trillion), followed by Guangzhou with a GDP of more than 1.4 trillion RMB (US$0.19 trillion).


With a growth rate of 6.3% year-on-year, Shenzhen is also among the top 3 fastest-growing cities in the Guangdong province. The other 2 cities - Zhongshan and Foshan - witnessed a growth rate of 5.5 % and 5.2 %, respectively.


Furthermore, Zhuhai, Huizhou and Jiangmen also achieved an economic growth rate higher than that of the whole province during the same period.

In recent years, Guangzhou has been committed to developing 10 key industries such as new generation information technology, new energy vehicles, intelligent connected vehicles, intelligent equipment, high-end equipment and bio-medicine.


Shenzhen is gradually becoming a new energy city. Currently, there are about 24,000 new energy-related enterprises in the city, accounting for about 15 % of its GDP.


The economy of the GBA as a whole (excluding HK & Macau) is characterized by a big volume, a large number of enterprises, and a developed export-oriented economy.


In the future, the industrial chain, supply chain, innovation chain and value chain of the GBA will be further adjusted and integrated with the opening or construction of infrastructure projects, including the Shenzhen-Zhongshan Link, Guangzhou-Dongguan-Shenzhen intercity railway, and Nansha Bridge.  GBA is anticipated as the fastest growing region in China.


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