General Introduction

In 2014, as Panyu further carried out its reform, economic and social development reached a new height. The gross domestic product (GDP) reached 148.006 billion yuan, an increase of 9.2%; the public finance budget revenues reached 7.927 billion yuan, an increase of 8.6%; the industrial output value reached 191.921 billion yuan, an increase of 8.3%; and the total retail sales of social consumer goods reached 101.312 billion yuan, an increase of 14.2%. According to the “China's Small and Medium City Development Report” published by the Academy of Social Sciences, new urbanization quality of Panyu District in 2014 ranked the second among more than 600 districts under the city jurisdiction in China, ranked the third in investment potential among small and medium cities in China, and ranked the ninth among the “China's Top 100 Districts in Comprehensive Strength under Jurisdiction of the City”.

In the aspect of industry, we vigorously implemented the “Innovation-leading and Tow-wheel-driving” strategy, to step up the integration of industrialization and information, and build a modern industrial system with service economy as the mainstay. On layout, we energetically promote the construction of the major strategic development platforms such as Guangzhou International Innovation City, Guangzhou South Railway Station Business District, Panyu New Town, Modern Industry Base, enable the advanced manufacture to become stronger, and optimize the modern service sector to promote economic restructuring and upgrading.