Guangzhou, the provincial administrative capital of the Guangdong, is one of the largest cities and most economically dynamic cities in China. Located at the heart of the Pearl River Delta, it is the political, economic, industrial and culture center of the region. It gained a domestic and international reputation for hosting the Asian games in 2010 and the China Import and Export fair.
Information presented on this page are introductory business intelligence on the respective region, and thus it cannot serve as a substitute for official information released by government agencies or similar institutions. For the most up-to-date information, please refer to the information sources or speak to a Dezan Shira & Associates representative.
Population density (urban): 1,708 persons/km2
Source: Guangzhou Economic & Social Development Report 2012
Primary Industry (percentage of GDP): RMB 21,360 million (1.6 percent)
Secondary Industry (percentage of GDP): RMB 464,580 million (34.8 percent)
Tertiary Industry (percentage of GDP): RMB 849,060 million (63.6 percent)
Total: RMB 1,335,000 million
Total retail sales of consumer goods: RMB 597,730 million
Total value of imports and exports: US$ 117,130 million
Fixed Investment: RMB 375,840 million
Source: Guangzhou Economic & Social Development Report 2012
Minimum monthly wage: RMB 1,550
Minimum hourly wage: RMB 15.0
Avg. annual wage of staff and workers: RMB 63,752
Sources: Local Labor Bureau and Social Insurance Bureau (2013)
The Guangzhou Baiyun International Airport is one of the major airports in the Guangdong province, located 28 kilometers from the city center and 41 kilometers away from the Guangzhou Economic and Technological Development District. The airport operates flights to more than 120 international and 90 domestic destinations. The passenger throughput of Baiyun International Airport reached 45.045 million by 2011 and the freight volume amounted to 647,225 million tons. There are five airports in the Pearl River Delta region within a three-hour drive of Guangzhou, including Chek Lap Kok in Hong Kong.
Guangzhou Port, centrally located in the Pearl River Delta, is China’s fourth largest and the world’s seventh largest port by cargo traffic. It is also China’s third largest and the world’s fourth largest port by container throughput (2010). In 2011, Guangzhou port handled 431 million tons of cargo and container throughput of 14 million TEUs. By the year 2020, Guangzhou Port is expecting even greater cargo volumes, amounting to 600 million tons, with container throughput of 25 million TEUs. Guangzhou port is connected with more than 100 domestic ports in China and more than 350 international ports in over 80 countries. It has four operation zones, each at Nansha Port, Huangpu Port, Xinsha Port and Inner Port. It is equipped with 720 berths, including 673 berths for productive purposes. About 70 percent of the external trade handled by the Guangzhou port is transshipped or re-exported via Hong Kong.
Guangzhou now has four railway stations. Guangzhou Central Station provides services to other provinces. Guangzhou East Railway Station services trips from and to Shenzhen and Hong Kong. Guangzhou North Railway Station is a small station that mainly operated bullet train services between Guangzhou and Wuhan beginning in 2009. The bullet train service has been transferred to the Guangzhou South Railway Station in 2010, which is currently the largest station in the city.
The Guangzhou-Shenzhen section of the Guangzhou-Shenzhen-Hong Kong route began operations in August 2011. The travel time between Guangzhou and Shenzhen is only 36 minutes. Extension to Hong Kong is scheduled to be completed by 2016. Other major high speed projects include the Guangzhou-Nanning route, which has been in operation since 2013.
Numerous expressways in Guangzhou are currently under construction. The Guangzhou-Dongxin Expressway (connecting Guangzhou to Foshan and Nasha Port), the Guangzhou-Zhuhai Expressway, a portion of the Beijing-Macao Expressway (connecting Guangzhou with the west bank of the Pearl River) and the Guangzhou-Wuzhou Expressway (connecting Guangdong province with Guangxi province) have been in use since 2010. The second Guangzhou-Shenzhen Expressway has been completed at the end of 2010.
The Rapid Bus Transport System (RBT), operating since February 2010, has received the International Sustainable Transportation Award in 2011. The system has the highest number of passengers and busiest schedules compared any other similar systems across China. It is also directly connected to the metro system.
Guangzhou also has an established network of long distance buses connecting to most major cities in Guangdong and other provinces.
The city was the fourth in China to build an undereground railway system. There are currently 10 lines in operation with ambituous plans to expand this further. A light rail network connects Guangzhou with the major cities in the Pearl River Delta at a total length of 717 kilometers.
Guangzhou ranks third in mainland China on comprehensive economic strength and first on the Forbes' 2013 best commercial Chinese cities. The city is one of the industrial, financial and trade centers of southern China. Built around the three core industries: Automobile, petrochemicals, and electronics. Other industries such as tourism, finance, logistics, wholesale & retail are also flourishing quickly.
Currently, 232 out of Fortune 500 companies have investments in Guangzhou. Guangzhou is now the home to LG Display Co., which has been the largest contributor of foreign investment project since the Reform and Opening Up Policy in 1978. Altogether 626 projects have been introduced into Guangzhou with a total investment of US$41.26 billion.
China (2013) Statistical Yearbook
Forbes (2013). Guangzhou Tops Forbes China List of Best Cities for Business.
Guangzhou accommodates four national-level development zones: Guangzhou Development District, Guangzhou Economic and Technological Development District, Guangzhou Nansha Development Zone and Zengcheng Economic and Technological Development Zone.
Guangzhou Development District
The district is located half an hour from Guangzhou. The district, located in the east of Guangzhou, encompasses more than 389 square kilometers. It is 40 minutes from Guangzhou Baiyun airport and Guangzhou east railway station.
It is one of the leading economic development districts in terms of GDP, tax revenue, and value added ratio in China. The district has established extensive economic and trade relations with 80 countries and regions.
The six leading industries and industrial chains are IT, automotive, consumer goods, bio-pharmaceutical, iron and steel, and food and beverage industries. Majors investors come from Hong Kong, British Virgin Islands, and Japan.
It is divided into four zones: Guangzhou Echonomic and Technological Development District, the Guangzhou High-Tech Industrial Development Zone, Guangzhou Free Trade Zone, Guangzhou Export Processing Zone, and the Guangzhou Science Park.
Guangzhou Economic and Technological Development District
Established 24 years ago as one of the first state-level development zones, it became one of the most profitable places for foreign investment. Foreign investment in the zone has reached a total of over US$ 5 billion. An estimated 700 companies have set up business in the zone while 70 of the top 500 multinational corporation in the world have operated within the district.
The zone ranks among Guangdong’s vital industrial and economic bases with a central transportation hub that links it to the rest of souther China. Shipping goods is convenient thanks to easy access to expressways, light railways, ports and wharfs. It is close to the Guangzhou Baiyun International Airport. A railway line passes through the Guangzhou Science Town.
The zone has a total area of 60 square kilometers divided into western and eastern sections plus the Yonghe economic zone. Its main industries include: biological medicines, building materials, electronics and telecommunications, metal processing, automobile components and chemical fibers. The zone’s industrial chain area has an accumulative gross output value estimated at more than RMB 270 billion.
Guangzhou Nansha Development Zone
The Nansha Zone is established after the Shenzhen model. The ambitious project should ultimately have 50 berths and deepwater access, requiring massive construction and dredging efforts. It is 48 sea miles from Hong Kong and 41 sea miles from Macau. Everyday six liners travel between Guangzhou and Hong Kong; and the whole trip takes only 75 minutes.
Zengcheng economic and technological development zone
As an urban sub-center of Guangzhou, Zengcheng takes pride in its history of over 1,800 years. Covering an area of 1,616 square kilometers, approximately one fifth of the total area of Guangzhou, Zengcheng is located at a critical juncture along the "golden corridor" of the city cluster of the Pearl River Delta, linking Guangzhou, Dongguan, Shenzhen and Hong Kong. Blessed with a sound eco-system and picturesque landscape, Zengcheng is renowned as a production base of litchis, an advanced manufacturing base for jeans and a model eco-tourism destination.
Located in the east of Guangzhou and the south of Zengcheng, the Zengcheng Economic and Technology Development Zone is a crucial platform for the development of Zengcheng, serving as a key engine of growth. As the newest national development zone of Guangzhou, the Zengcheng Economic and Technology Development Zone constitutes a key building block for the development of a high-tech industrial belt in the east of Guangzhou. Under the development model of "one zone and multiple parks", Zengcheng Economic and Technology Development Zone is set to become an international and modern industrial new zone and an eco-friendly new city with an environment favorable for business, living and innovation.