As the Chinese New Year celebrations come to a crescendo, Guangdong Governor Huang Huahua was up-beat about the province’s track record for 2008. Despite the crisis, Guangdong’s GDP climbed 10.7 percent to RMB 3.57 trillion, with per capita GDP up 8.7 percent to RMB 37,588, according to reports in the Chinese media. In the last quarter of the year, export and import figures rose 7.8 percent to USD 683 billion. Average salaries for urban employees was RMB 33,073.
Analysts are forecasting that the first quarter of 2009 will probably see a decline in salaries, however. Or not. Following the return back to work this week, the future of 2009 in the race to the 2010 Asian Games in Guangzhou is as broad as an Oxen’s back. And depends on the crystal balls your looking into.