28 Nov 2016
Guangzhou (Guangdong) City Information
|Major Economic Indicators (2015)|
|Land Area (km2)||7,435|
|GDP (RMB billion)||1,810.04|
|GDP Per Capita (RMB)||136,188|
|Retail Sales of Consumer Goods (RMB billion)||798.8|
|Utilised FDI (USD billion)||5.4|
|Exports (USD billion)||81.2|
|Imports (USD billion)||52.7|
Source: Guangdong Statistical Yearbook 2016
Guangzhou is the capital city of the Guangdong Province. It has been China’s leading commercial port and serves as a major business hub in Southern China. It ranked the 5th most competitive city in China by the Chinese Academy of Social Sciences in 2016.
Guangzhou is a designated as a national hub in MOFCOM’s development plan (2015-2020) of distributive trade and logistics. It is easily accessible by a number of highways and railways that are integrated with the national network. Guangzhou Baiyun International Airport, has service to over 50 international destinations and 100 domestic destinations.
Guangzhou Port, ranked the fourth largest in China in terms of container throughput in 2015, is the major port of foreign trade in China.
Nansha, part of the Guangdong Free Trade Zone, will devote great efforts to implementing free trade in services with Hong Kong and Macau.
Guangzhou’s GDP is the largest in Guangdong Province, as well as the third largest in China.
Guangzhou is a regional service hub with the service sector accounting for 67% of its GDP in 2015. Wholesale and retail trades are the most developed with many foreign and local companies setting up their national or regional purchasing and marketing offices in Guangzhou. Besides, logistics, finance and producer services are also well developed.
The industry sector only accounted for 29% of its GDP in 2015, but still serves as a significant economic pillar. Major industries in Guangzhou include automobiles, electronics and petrochemicals.
Guangzhou is one of China's most important automobile manufacturing hubs. Major Japanese car manuafacturers including Toyota, Honda and Nissan are attracted to invest in the city. A comprehensive automobile supply chain has been taking shape in Guangzhou.
The high-end electronic information industry has been developing rapidly in Guangzhou. Panasonic, Sony, Ericsson and Haier have set headquarters and started business in Guanzhou. Other leading investors include Liby, P&G, Sinopec, PetroChina and CNOOC.
Major Industrial Parks / Development Zones
1. Guangzhou Development District (including Guangzhou Economic and Technological Development Zone, Guangzhou High-tech Industrial Development Zone, Guangzhou Export Processing Zone and Guangzhou Free Trade Zone) (state-level)
Target industries: Raw chemicals and fine chemicals, electronic and telecommunications products manufacturing, metallurgy and metal products, food and beverages, electrical and mechanical equipment, automobiles and auto parts
Major investors: Ericsson, ELF, Wrigley China, Autotech, P&G, Amway, Kraft, Motorola, Sumitomo, Warner Lambert, Casio, Pepsi, Honda, Mitsubishi, Toyota, Nestle, Siemens, Yamaha, Lucta, Elin, Itochu, Dow, ICI, Nippon Steel, Delphi, Sony, Colgate, ABB
2. Guangzhou Nansha Economic and Technological Development Zone (including Guangzhou Nansha Export Processing Zone) (state-level)
- Guangzhou Nansha ETDZ – plastics, chemicals, electronics, food processing
- Guangzhou Nansha EPZ – Information Technology, optoelectronics, precision machinery, home appliances
Major investors: BASF, GM, Toyota, JFE, Mitsubishi, Meiko, Lonza, China State Shipbuilding Corp, China Erzhong, Dongfang Electric, Guangzhou Iron & Steel, Dongling Group, Liby, Idemitsu, Hitachi