The GDP of South China's Guangdong Pro­vince is estimated to reach 6.23 trillion yuan ($1.03 trillion) in 2013, up 8.5 percent from 2012, according to a government work report delivered to the second session of the 12th Guangdong Provincial People's Congress.

The province's GDP growth for 2014 is also expected to be 8.5 percent, which is likely to make Guangdong surpass South Korea in terms of GDP value this year, Xing Xiaowei, head of the provincial statistics bureau, told China Central Television Wednesday.

Guangdong's GDP surpassed that of Singapore, Hong Kong and Taiwan in 1998, 2003 and 2007 respectively, Xing said.