XZB(SH:603040) Nan Fang Du Shi Bao·2025-11-20 10:33Core Insights - Guangdong has achieved a significant economic milestone by becoming the first province in China to surpass a GDP of 14 trillion yuan, reaching 141,633.81 billion yuan in 2024, marking a 3.5% increase from the previous year [4][6][14] - This achievement underscores Guangdong's status as China's leading economic province, contributing over 10.5% to the national economy, and reflects the resilience and growth of its industrial system [4][6][9] Economic Performance - Guangdong's GDP growth of 3.5% in 2024 positions it as a critical player in China's macroeconomic landscape, maintaining its top position for 36 consecutive years [4][6] - The province's economic contribution is significant, with a population of over 127 million providing a robust domestic market and human resource advantage [6][12] Global Standing - In a global context, Guangdong's economy surpasses that of countries like Australia, South Korea, and Spain, indicating its competitive stature on the world stage [9][11] - When compared to U.S. states, Guangdong ranks closely with California, Texas, and New York, highlighting its emergence as a formidable economic entity [9][11] Industrial Strength - Guangdong's economic foundation is built on its manufacturing prowess, with industrial revenue reaching 19.41 trillion yuan in 2024, the highest in the country [12][13] - The province hosts nine trillion-yuan industrial clusters and 77,000 high-tech enterprises, driving innovation and structural upgrades in various sectors [12][13] Future Outlook - The province is poised for continued growth, with predictions indicating a potential GDP increase of around 5% by 2025, aiming to surpass 15 trillion yuan [14] - Emerging industries such as artificial intelligence, digital economy, and advanced manufacturing are expected to play a crucial role in Guangdong's economic transformation towards higher quality development [12][14]