Guangdong Tops Any Other Chinese Province in Terms of GDP and Savings, Retaining Its Throne for Years

The deposit data of a region is inextricably linked to its economic development. Regions with higher deposits tend to have outstanding indicators such as GDP, fiscal revenue, industrial output value, and total trade volume.

China Responds To UN Report That India's Population Will Surpass China By Mid-2023

IMF Chief Representative Is Optimistic Over RMB Internationalization, Despite Ups And Downs Ahead

Guangdong has been the largest province in China in terms of GDP for more than 30 consecutive years, backed by highly influential financial institutions such as the Shenzhen Stock Exchange and the Guangzhou Futures Exchange.

According to the data of the People's Bank of China (PBOC)’s branches, as of the end of December 2022, the top ten provinces in terms of savings are as follows: Guangdong Province (32.23 trillion yuan), Jiangsu Province (21.86 trillion yuan), Zhejiang Province (19.63 trillion yuan), Shandong Province ( 14.60 trillion yuan), Sichuan Province (11.16 trillion yuan), Hebei Province (10.02 trillion yuan), Henan Province (9.31 trillion yuan), Hubei Province (7.95 trillion yuan), Liaoning Province (7.53 trillion yuan), Anhui Province (75,100 100 million yuan).