In 2012,Guangzhou's economic growth slowed down.Annual economy grew at a rate of 10.5%,lower than the growth rate of 2011 about 0.8 percentage.GDP reached 1.355 trillion yuan.Prospect for 2013,the global economy is expected to achieve an increase of about 3%,but it is still in the deep structural adjustment.The growth momentum remains weak,and still faces some risks,such as the sovereign debt crisis,global liquidity flooding,volatility of commodity prices,protectionism rising and regional upheaval etc.;China will implement a proactive fiscal policy and prudent monetary policy,accelerate the strategic adjustment of industrial structure,actively and steadily promote urbanization,continue to deepen economic reform and expand opening-up.The economy of China is expected to maintain a steady growth,but some problems are still serious,such as relative overcapacity,rise in the cost of operating,lack of innovative capacity,potential financial risks,resources and environmental constraints etc.Considering various factors,and estimated by the Research Group's model,Guangzhou's GDP is expected to grow at a rate of about 10.6% in 2013.
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