Top 10 fastest-growing provincial economies in China 2012

By Xu Lin
0 Comment(s)Print E-mail, February 22, 2013
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The 2012 economic data for China's provincial economies has been released, with Tianjin leading the rankings with the fastest GDP (gross domestic product) growth rate, followed by Chongqing and Guizhou.

The National Statistics Bureau of China announced on Monday that the country's GDP had reached 51.93 trillion yuan (US$8.31 trillion) in 2012, up 7.8 percent from 2011, and 0.3 percent higher than expected.

Tianjin was the fastest mover during this period, with its GDP reaching 1.29 trillion yuan (US$206.41 billion) in 2012, an increase of 13.8 percent from the previous year. Chongqing tied Guizhou for second place, with a growth rate of 13.6 percent.

The GDP per capita in Zhejiang, Jiangsu and the Inner Mongolia Autonomous Region broke through the US$10,000 line for the first time in history. Before 2012, only Beijing, Tianjin and Shanghai, three provincial economies, had a GDP per capita exceeding US$10,000, which is considered as a threshold for an economy to be regarded as "developed."

Also read: Top 10 largest provincial economies in China 2012

The following are the top 10 fastest-growing provincial economies on the Chinese mainland for 2012.

 Xinjiang Uygur Autonomous Region(新疆维吾尔自治区)

Xinjiang Uygur Autonomous Region, one of the 'top 10 fastest-growing provincial economies on the Chinese mainland' by

Xinjiang Uygur Autonomous Region []

GDP: 746.63 billion yuan (US$119.62 billion)

Growth rate (2012): 12 percent

Growth rate (2011): 12 percent

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