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General Information and Investment
Environment of Guangdong Province
Guangdong, one of China’s most developed and earliest opened
province, serves as an important global manufacturing base, an
international purchasing center, a tremendous market for various
commodities and a popular destination for investment.
----Location
Guangdong lies at the southernmost tip of China’s mainland,
bordering Hongkong and Macau. It boasts an area of 180,000 square
kilometers and a population of 96 million. Its main cities include
Guangzhou, the provincial capital, Shenzhen and Zhuhai. (See
attached map)
----Economy
Guangdong ranks No.1 in terms of economy among China’s provinces.
Its GDP, foreign trade, retail sales of consumer products, tax and fiscal
incomes, residents’ savings and other indexes have long taken the
first place in China since the reform and opening up in 1978.
In 2009, the province’s GDP was ￥ 3.9 trillion ( ＄ 583 billion),
contributing for 11.65% of China’s GDP. The import and export
volume reached ＄611 billion, accounting for 27.7% of the country’s
foreign trade. It also absorbed ＄233 billion or 1/4 of China’s real
accumulated FDI.
Main Economic Figures of Guangdong 2009
Index
Number
GDP
Import & Export
Retail Sales of
Consumer
Products
Real FDI
＄583.3B
＄611.1B
Accounted for
the Country’s
Proportion
11.6%
27.7%
＄219B
11.9%
1
＄19.54B
25%
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Ranking
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----Industries
Guangdong is one of China’s and even the world’s largest
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manufacturing base, where nine pillar industries have been
formed-electronic information, home appliance and machinery,
petroleum and chemical products, pharmaceuticals, automotive,
textile and garment, food and beverage, building materials,
papermaking, and etc.
The comprehensive competitiveness of Guangdong’s manufacturing
industry topped the country’s list in 2009. It has four world-known
brands, 303 famous brands at national level and 1104 famous brands
at provincial level. More than 100 industry clusters and regional
brands such as home appliances from Shunde, jewels from Shenzhen,
and ceramics from Foshan are established.
Guangdong promotes commercial, logistic and conventional services
and facilitates service out-sourcing, leading to a rapid development of
the modern service industry like logistics, exhibition and convention
services. Guangdong, the host for the Canton Fair and Shenzhen
Hi-Tech Fair, provides a vast platform for exchange and cooperation
for business around the globe.
The province is currently building itself into a service out-sourcing
base in China and a supporting center for the international service
industry, focusing on new and high tech industries such as IT,
biotechnology, opto-mechatronics and new materials, which presents
Israeli investors with a bountiful of opportunities.
----Competitive Investment Environment
Great transportation facilities
A web consists of sea, land and air transport reaches the far ends of
the province, serving as a transportation hub for South China. It has
two main ports in Guangzhou and Shenzhen, seven large civil airports,
the highest concentration area for airports in the mainland.
Rich manpower resources
Over 100 colleges, 400 state-owned independent R&D institutes,
1900 large- and medium-sized R&D bodies in industrial companies,
7700 private technology enterprises and 1.4 million employees are
engaged to the science and technology industry.
Advanced financial services
Guangdong becomes a hotspot for stock exchange and venture
capitals. Shenzhen is home to one of China’s two major stock
exchanges. The numbers of financial institutes and employees, capital
raised at the stock exchange and securities traders are the largest
among the mainland provinces and cities.
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Well-established service system for investment
The market rules are adopted in economic activities, while laws and
regulations are well established. The government attaches
importance to the protection of IP and investors’ interests. It boasts
an efficient and honest administration system as well as a highly
developed network of intermediary institutions. The ports are efficient
in handling goods. It constantly looks for better ways to meet the
demands of investors.
Unique location for regional integration
Guangdong puts emphasis on enhancing cooperation and exchange
among the Greater Pearl River Delta and Pan-Pearl River Delta regions,
and further among the China-ASEAN Free Trade Area. It also seeks to
form a huge market and combine resources and advantages within
the areas, and tries to turn the cooperation into a propeller for
economic prosperity and mutual benefits.
By attending the event you could get a chance to:
1. Talk face-to-face with trade and investment officials from
Guangdong and learn about the investment policies and grants of
this most developed region of China;
2. Meet companies from Guangdong with strong manufacturing
capacity and out-sourcing experience, discuss with them the way to
bring down the cost, build up your core competence, turn advanced
technologies into products and enter the Chinese market quickly
through out-sourcing, using Guangdong’s geographic advantage
and manufacturing capacity;
3. Explore the potentials of technological cooperation and setting
up R&D centers since companies taking out-sourcing orders have a
great demand for technologies, providing more business
opportunities for the Israeli companies;
4．Take part in the economic development in Guangdong through
out-sourcing and benefit from its growth.
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