Many provinces impact trillion-dollar new threshold GDP, local economy shows new vitality.

date
31/10/2025
As of October 30th, reporters have released the "report cards" for the economic performance of 30 provinces in China in the first three quarters of the year. The data shows that the total economic output of Guangdong and Jiangsu provinces both exceeded 10 trillion yuan for the first time in the first three quarters; Shandong is expected to join the "10 trillion yuan club" for the whole year, solidifying its role as a cornerstone of the economy. At the same time, the results of upgrading industrial structure are significant, with many regions' equipment manufacturing industry contributing over 70% to industrial growth, high-tech manufacturing leading in growth, and core industries in the digital economy becoming new engines of growth. Experts interviewed pointed out that accelerating the cultivation of new productive forces and promoting regional coordinated development are jointly solidifying the foundation for the economic growth of "quality improvement and stable quantity".