禨密
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year, giving an increase of 28.9% in money terms over a
year earlier. Following a decade long of rapid economic
to
pay
growth, the Guangdong provincial government recently began
more attention in developing the mountainous
areas(16) by relocating some of the more labour-intensive
industries there. It also planned to invest Rmb 10 billion
in infrastructural development works in these areas over
the next five years.
18.
Guangdong's total exports increased by 28.3% in
money terms to US$9.3 billion in the first three quarters
of 1991. The total value of transactions concluded at the
70th Export Commodity Fair held in Guangzhou (15-30 October
1991) reached US$6.1 billion. This was 6.5% more than in
the autumn trade fair last year and was also the best
result recorded in history. Contributing to the good
result were the efforts spent by MOFERT in enhancing the
image of the Guangzhou trade fair and in discouraging the
small-scale regional trade fairs. Among all the provinces
and municipalities having participated in the 70th Export
Commodity Fair, Guangdong achieved the best result with the
total value of transactions concluded exceeding US$1
billion. This was followed by Shanghai and Jiangsu.
19.
Accompanying the rapid export growth, the value
of realised foreign capital (including both equity
investment and loans) in Guangdong amounted to US$1.1
billion in the first seven months of 1991, representing an
increase of 14.9% over the same period in 1990. The
realised value of direct foreign investment increased by
(16) The mountainous areas in Guangdong took up 65% of the province's total area and 40% of its population, but they accounted for only 10% of the province's gross industrial output and 2.5% of its total exports. Per capita GDP in these areas was only Rmb 1,158, compared with the provincial average of Rmb 2,395 in
1990.
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