The report on 2021 Foshan economy released on January 25th, 2022. In the year of 2021, the GDP reached 1,215.654 billion yuan, up 8.3% from 2020, higher than the national (8.1%) and provincial (8%) growth rate, ranking third in Guangdong. Added value of primary industries reached 21.055 billion yuan, up 9.5% from 2020, while that of secondary industry and tertiary industry reached 680.695 billion yuan and 513.904 billion yuan respectively, up 9.3% and 7% from 2020.

Though Foshan only takes up four ten thousandths of land and seven thousandths of population,  Foshan has made its GDP more than 1% of the country’s GDP and account for 1/10 of that of Guangedong Province.

The reason why Foshan has achieved such amazing results is that in the context of pandemic prevention and coordinated progress in economic and social development, Foshan stays true to the original aspiration and forges ahead, making every effort to promote steady and sound development and getting the 14th Five-Year Plan off to a good start. The following data will show you in detail.

Industry: The industrial added value above the scale ranked second in the province

The industrial added value above the scale reached 544.213 billion yuan, up 9.3% from 2020, ranking second in the province, more than 1/7 of the province. The increase rate is 0.3 percentage points, higher than the provincial level.

Guangzhou-Foshan-Huizhou ultra HD video and smart home appliances industrial clusters and Guangzhou-Shenzhen-Foshan-Dongguan intelligent equipment industrial clusters is added to the list of national advanced manufacturing industrial clusters. Foshan also initiated the construction of fuel cell vehicle demonstration application city cluster in Guangdong.

Foshan has built into Chinas Innovation City with R&D spending that is expected to account for 2.91% of the GDP.

There are 1,382 new-added national high-tech enterprises, 7,100 in total, 130 high standard enterprises, 115 high-tech business incubators, 86 maker spaces and 3,200 incubated enterprises.

There are 30 provincial levels key laboratories, 812 provincial engineering technology research centers and 1,421 municipal engineering centers.

There are 138 newly added Guangdong specialized new small and medium-size enterprises, 217 in total, and 20 national specialized new “little giant” enterprises, 34 in total.

Investment: industrial investment reached over 100 billion yuan.

Fixed-asset investment has increased by 7.6%, 2.7 and 1.3 percentage points higher than the national and provincial respectively.

Industrial investment is more than 100 billion yuan, dramatically up 23% from 2020, accounting for 1/4 of fixed-asset investment.

A total of 140,604 billion yuan has been invested in provincial and municipal key construction projects, which is 127.8% of the annual planned investment and 27.8 percentage points higher than the schedule.

There are 68 major industrial projects worth more than 1 billion yuan (or 100 million US dollars), with a total contracted investment of 187.8 billion yuan.

Export: total imports and exports exceeded 600 billion yuan.

Total imports and exports reached 616.07 billion yuan, accounting for 1.6% of the country and 7.5% of the province, up 21.7% from 2020, 0.3 and 5 percentage points higher than the national and provincial respectively.

The number of state-level bases has increased to 6, ranking first in Guangdong Province.

Imports and exports of general trade and processing trade both grew by more than 21% on year-on-year level.

The export volume of market procurement trade and the import and export volume of cross-border e-commerce are among the top in China.

Market: the total number of market entities reached 1.115 million.

Newly registered market entities of 2021 reached 276 thousand, up 39.7% of 2020. The total number of market entities reached 1.115 million, up 18.5% of 2020.

Plans on Building Foshan “Benefit You” Enterprise Service System and first-class business environment has been released. The total amount of subsidies is over 11 billion yuan.

Foshan took the lead in the reform of reducing service procedures to 1 and service time to half a day.

The balance of domestic and foreign currency deposits of financial institutions and the maximum market value of listed companies both exceeded 2 trillion yuan. There are 7 newly listed companies, 70 in total.

Consumption: total retail sales grew up by 8.1%.

Total retail sales reached 355.666 billion yuan, up 8.1% from 2020.

There are 8 city-level model pedestrian streets (business districts) and 4 province-level model pedestrian streets (business districts).

There are 9 city-level food gathering zone. 11 food companies won the city-level title of “Guangdong Famous Cuisine” and 28 dishes won the city-level title of “Guangdong Famous Dish”.

Over 20 thousand commercial tenants participated in the Seasonal Consumption Festival and car consumption exceeded 50 billion yuan.

Wealth: Per capita disposable income reached 61.7 thousand yuan.

Revenue from local general public budgets reached 80.812 billion yuan, up 7.3% from 2020.

Per capita disposable income reached 61.7 thousand yuan, up 9.7% from 2020. Compared with last year, the consumer price index increased by 1.1%.

Future: a new Industrial park of over 400 square kilometers will be built.

The scale of industrial land will be increased from 350 square kilometers to more than 450 square kilometers, and 54 industrial clusters of more than 666 hectares will be built.

33 thousands of acres of village industrial park will be built.

The total mileage of urban rail transit operation (including trial operation) will increase to 81.7 km.

Introduce 52 science and technology innovation teams, 83 leading talents and 1,052 PhD.

Nowadays, profound changes happen in development environment and condition of Foshan, opportunities and challenges. The “515” strategic goals have drawn a grand blue print of Foshans development. In 2022, Foshan will still promote reform steadily to make it a leader in high-quality city development.

Author | Lillian (Intern)

Revisor | Jersey

Source | Foshan Daily