There are now 17 gdp trillion club cities. These include the four major municipalities directly under the Central Government, as well as the seven provincial capitals of Guangzhou, Chengdu, Wuhan, Nanjing, Hangzhou, Zhengzhou and Changsha, the three separately listed cities of Shenzhen, Qingdao and Ningbo, and the three ordinary prefecture-level cities of Suzhou, Wuxi and Foshan.
The mayor of Foshan has revealed that in 2019, the gross domestic product of Foshan exceeded the 1 trillion yuan mark, becoming the third city in Guangdong province to have more than trillion yuan of GDP after Guangzhou and Shenzhen.
Foshan broke the trillion mark, which was also expected. Foshan's GDP is already as high as $100 million in 2018, so it's logical to step into the ranks of the trillion-dollar GDP club in 2019.
Foshan crossed the trillion threshold, relying on a strong manufacturing industry. The industrial structure of Foshan three times last year is: industrial manufacturing occupies an absolute dominant position. Including equipment manufacturing, household appliances, ceramic building materials, furniture, metal products and other industrial economic strength outstanding. Optoelectronics, new materials, biopharmaceuticals, robots, new energy vehicles and other emerging industries are booming.
In 2018, the added value of Foshan's secondary industry was 561.4 billion yuan, more than Wuxi and Ningbo, and 40 percent more than Dongguan. In 2018, Foshan ranked 11th in the country with an industrial added value of 100 million yuan, surpassing the trillion cities of Beijing, Qingdao, Nanjing and Zhengzhou.
Some people have counted that Foshan produces an average of two rice cookers per second,100 microwave ovens per minute,273 washing machines per hour, more than 20,000 refrigerators per day,23 million air conditioners,1.7 billion electronic components and 2 billion electric light sources per year
However, development so far, Foshan is facing the stage of economic transformation and upgrading. Peng peng, vice president of guangdong sports reform research association, analyzed the first financial analysis, foshan home appliances industry as a representative, home appliances such as air conditioning, refrigerator to a certain degree of popularity after entering the saturation period, and the replacement is not so fast, so demand also significantly slowed.