Night view of Guangzhou's landmark Canton Tower in Guangdong province on May 20, 2018. (PHOTO / VCG)

GUANGZHOU — South China's Guangdong province, one of the country's economic powerhouses, saw stronger new economies in 2019, according to the province's statistics bureau Sunday.

New industries characterized by cutting-edge technology in Guangdong realized an 8-percent growth over the previous year, accounting for 25.3 percent of the province's total GDP.

New industries characterized by cutting-edge technology in Guangdong realized an 8-percent growth over the previous year, accounting for 25.3 percent of the province's total GDP

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Guangdong's GDP exceeded 1 trillion yuan (US$157.5 billion) in 2019, up 6.2 percent over the previous year in comparable prices, said the bureau.

Guandong is now home to over 50,000 national-level high-tech companies, and it saw major growth in terms of new industrial products such as bullet trains, 3D printing, urban railway system and new energy vehicles.

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Private companies in Guangdong also realized significant growth last year, among which high-end manufacturing industries stood up.

Meanwhile, the tertiary industry accounted for 55.5 percent of the total GDP volume.