Guangdong

China's manufacturing powerhouse Guangdong has lowered its 2026 GDP growth target to 4.5%-5% after missing the previous year's goal. Governor Meng Fanli announced this during the opening of the Guangdong provincial people’s congress. The adjustment signals challenges from the property sector drag and global headwinds.

December 23, 2025 Reported by AI

Following the launch of the 'Southbound Travel for Guangdong Vehicles (Entry into Urban Area)' scheme—which saw nearly 100 cars enter Hong Kong on day one—local firms are offering parking discounts and accommodation deals, while social media users sell driving courses and licence services to mainland motorists.