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The gross domestic product (GDP)of Guangzhou, capital of Guangdong Province, south China, exceeded 300 billion yuan (US$36 billion) in 2002.
Guangzhou boasted the third largest city economy in the country, following Shanghai and Beijing, according to Ma Yusheng, director of the municipal statistical bureau.
Last year, the city achieved 300.169 billion yuan in GDP, up 13.2 percent over the previous year. The average per-capita GDP was 41,900 yuan (US$5,048).
In 2002, Shanghai and Beijing realized 540.876 billion yuan (US$65 billion) and 313 billion yuan (US$37.7 billion) in GDP respectively.
(China Daily January 30, 2003)
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