16 May 2019
Jiangmen (Guangdong) City Information
Major Economic Indicators
|Gross Domestic Product (RMB billion)||269.03||8.11||290.04||7.81|
|Per Capita GDP (RMB)||59,089||7.61||63,328||7.21|
|Added Value Output|
|- Primary Industry (RMB billion)||18.73||2.61||20.17||4.11|
|- Secondary Industry (RMB billion)||132.50||9.21||140.82||8.41|
|- Tertiary Industry (RMB billion)||117.79||7.91||129.06||7.71|
|Value-added Industrial Sector2 (RMB billion)||—||10.01||—||9.41|
|Fixed-assets Investment (RMB billion)||177.48||16.9||—||9.5|
|Retail Sales of Consumer Goods (RMB billion)||127.96||10.4||140.76||10.0|
|Inflation (Consumer Price Index, %)||—||1.6||—||1.7|
|Exports (RMB billion)||107.56||8.3||112.31||4.4|
|Imports (RMB billion)||30.96||15.4||35.02||13.1|
|Utilised Foreign Direct Investment (US$ million)||511||7.3||734||43.7|
1 In renminbi real terms
2 For all state-owned and other forms of enterprises with annual sales over RMB20 million
Source: Jiangmen Statistical Yearbook 2018, Jiangmen Municipal Bureau of Statistics
Jiangmen is located on the west bank of the Pearl River and set at the junction of the West River and the Peng River, its tributary. With Mount Penglai lying to its north and Mount Yandun to its south, the two peaks face each other in a gate-like formation, a geographical oddity that gave the city its name, with Jiangmen literally meaning “river gate”. Extending across a total area of 9,505 sq km, the city’s permanent population stood at 4.598 million as of 2018.
There are three districts under the administration of the Jiangmen Municipality – Pengjiang, Jianghai and Xinhui – as well as four county-level cities – Taishan, Kaiping, Heshan and Enping. The city is also often referred to as the Homeland of the Overseas Chinese, a testament to its historic role as the ancestral home of many of the Chinese migrants now living abroad.
The Outline Development Plan for the Guangdong-Hong Kong-Macao Greater Bay Area supports Jiangmen in developing into an important cultural exchange and cooperation platform for overseas Chinese; to support Jiangmen in establishing the Greater Guanghai Bay economic zone in cooperation with Hong Kong and Macao, and expand the scope of cooperation in areas such as finance, tourism, cultural and creative industries, e-commerce, marine economy, vocational education as well as healthcare; to expedite the development of the Yinhu Bay coastal area of Jiangmen, and form an aggregation area of international corporations in the energy conservation and environmental protection industries.
Although the secondary industry is still the largest contributor to Jiangmen’s overall GDP, the tertiary industry’s share has been gradually growing since 2009. Despite this, the city remains committed to industrially-oriented development.
Composition of GDP (%)
Source: Jiangmen Municipal Bureau of Statistics
Traditionally, Jiangmen has been associated with a variety of different industry sectors, including textiles and garments, food and beverages, furniture manufacturing, building materials, metal production, home appliances and paper making. In line with the city’s 13th Five-Year Plan (2016-2020), many of these sectors are to be substantially upgraded, with greater precision and a move towards intelligent development seen as the priorities.
In term of the city’s pillar industries, motorcycle manufacturing takes pride of place. In 2017, the city produced 3.03 million motorcycles, some 40% of the total number manufactured in the whole of Guangdong.
The new Five-Year Plan also prioritises the development of several major industrial clusters, including a rail transit cluster, which will see the city working in association with CRRC Rail Transit Equipment, the world’s largest supplier of such equipment. This will be complemented by the development of a number of additional clusters, including electric motorcycles; heavy trucks and commercial vehicles; new energy, new materials and equipment (including projects related to the Beidou Satellite Application); educational equipment; and health products (including health foods, cosmetics, medicine and medical equipment).
In the case of the city’s services sector, a fresh emphasis will be placed on the promotion of health services, including the introduction of health industry resources from Hong Kong, Macau and overseas, as well as the development of high-end elderly care services. In an additional move, the strategic development of innovative e-commerce formats for the manufacturing, agricultural and tourism sectors will also be prioritised. Integrating the development of the cultural/creative sectors, together with design services and a number of related industries is also high on the agenda.
Jiangmen is also committed to developing its logistics sector. This is in line with the long-term aim of establishing the city as West Guangdong’s key logistics hub. The proposed construction of a coastal logistics centre, serving the greater Guangdong Harbour Economic Zone, as well as a Heshan logistics hub, are also detailed in the Five-Year Plan.
Foreign Trade and Investment
The tourism industry accounts for some 6.5% of Jiangmen’s GDP. For the period 2014-2018, the revenue from the sector grew at an average per annum rate in excess of 20%. In 2016, Jiangmen was designated as a pioneer in the development of China’s characteristic international tourist destinations by the China National Tourism Administration.
At present, Jiangmen is home to one UNESCO World Heritage Site, as well as featuring in the organisation’s Memory of the World programme, a co-ordinated initiative aimed at preserving documents of particular historical interest. The Kaiping Village site, together with its distinctive watchtowers, was accorded World Heritage status in 2007, while the city’s repository of Qiaopi and Yinxin Correspondence and Remittance Documents from Overseas Chinese was admitted to the Memory of the World programme in 2013. The city has now applied for World Heritage status for a site marking its historical contribution to the Maritime Silk Road of classical times.
About 50% of the city’s exports (in value terms) were derived from foreign-invested enterprises. In 2018, the largest export item was household electrical appliances, accounted 12.5% of the city’s total exports, followed by garments (11.5%). Of the city’s actually utilised FDI for 2018, 73% was sourced from Hong Kong.