This is the year when Huizhou realizes the goal of building a moderately well-off society and eliminates poverty, according to its mayor. It can achieve this by growing its economy by 6% YoY, which would be faster than the 4.8% it recorded in 2019.
He obviously has some cause for optimism. Despite GDP being less stellar than expected in 2019, due largely to a slowdown in traditional export-oriented industries, investment growth has been strong and the municipality is focused on tech upgrades in the coming year. Moreover, per-capita income growth was strong in 2019, coming in at above 9%.
Growth will be focused on quality improvements in livelihoods, the mayor said, with environmental protection being a high priority.
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