From The MATRADE Desk: Province Of Guangdong, China
Profile Of Guangdong Province (2007)
Location:
Located at 20°13 – 25°31 North Latitude and 109°39 – 117°19 East Longitude and at the south-eastern part of the mainland of China. Guangdong is near the Nanling mountain range. It borders the Hunan, Jiangxi, Guangxi and Fujian provinces, and faces the South China Sea in the south. It is in the tropical and subtropical monsoon climate zone.
Provincial capital | : Guangzhou | |
Population | : 94.49 million | |
Area | : 179,800 sq. km (1.87% of China) | |
GDP | : RMB3.06 trillion | |
GDP – (Growth) | : 14.5% | |
GDP – (Per capita) | : RMB32,713, + 12.9% (USD4, 273) | |
Per capita disposable income | : Urban | : RMB17, 699 |
Rural (net) | : RMB5, 624 |
GDP – (By Sector – 2007)
Primary Industry:
(agriculture such as farming, forestry, animal husbandry, fishery) RMB174.62 billion, + 3.3%
Secondary Industry:
(manufacturing & construction) RMB1.59 trillion, + 16.9%
Tertiary Industry:
(service sectors such as banking, insurance, tourism, hotels) RMB1.29 trillion, + 13%
External Trade
Total trade value:
USD634 billion, + 20.2% (USD451.33 billion, + 13.57% Jan to Aug, 2008)
Total exports value:
USD369.25 billion, + 22.2% (USD261.89 billion, + 13.46% Jan to Aug, 2008)
Total imports value:
USD264.8 billion, + 17.5% (USD189.43 billion, + 13.73% Jan to Aug, 2008)
Total foreign direct investment (FDI) | ||
Contracted value | : USD33.94 billion, + 38.1% | |
Utilised value | : USD17.13 billion, + 18% | |
No. of projects | : 9,506, + 12.5% |
Major exports:
Garments and accessories, plastic, toys, furniture and parts, automotive and accessories, printing circuits, fault circuit protection devices& parts, auto data processing equipment accessories, iron& steel, yard & its products, TV sets, radio & parts, telephones, monitors, etc.
Major imports:
Crude oil, LCD boards, automotive and accessories, integrated circuits, diode and semiconductor components, fault circuit protection devices& parts, auto data processing equipment accessories, iron & steel, copper, yard & its products, primary plastic products, waste paper, etc.
Major export destinations:
U.S.A., Netherlands, U.K., Germany, Japan, Hong Kong
Major import origins:
U.S.A., Germany, Japan, Hong Kong, South Korea, Taiwan
Bilateral Trade With Malaysia | ||
Total trade value | : USD14.48 billion, + 28% | |
Total exports value | : USD3.39 billion, + 34.5% | |
Total imports value | : USD11.09 billion, + 26.2% | |
Foreign direct investment (FDI) with Malaysia | ||
Contracted value | : USD158.13 million, + 16.2% | |
Utilised value | : USD52.67 million, – 4.23% | |
No. of projects | : 51 |
Major exports to Malaysia:
Garment & apparel, auto data processing equipment & parts, auto data processing equipment accessories, static converters, yarn & its products, aluminum, furniture & parts, shoes, etc.
Major imports from Malaysia:
Integrated circuits, edible plant oil, diode and semiconductor components, primary plastic products, auto data processing equipment & parts, auto data processing equipment accessories, waste aluminum, refined oil, etc.
Economic & Technological Development Zones
The Pearl River Delta (PRD) Economic Zone
- The economic hub of Guangdong Province
- Covers the following 13 cities and counties (districts) of Guangzhou, Shenzhen, Zhuhai, Foshan, Jiangmen, Dongguan, Zhongshan, Huizhou city, Huidong county, Poluo county, Zhaoqing city, Gaoyao and Sihui
- Accounts for 31% of China’s GDP in 2005, with RMB5,655.75 billion
Major Economic & Technological Development Zones
Guangdong has 11 state-level economic and technological development zones, 6 bonded zones and 59 provincial-level economic and technological development zones. The four major state-level economic development zones include the city of Guangzhou, Zhanjiang and Huizhou.
Guangzhou Economic & Technological Development Zone
It is located in the center of Zhujiang Delta, adjoining Hong Kong and Macao. There are convenient communication conditions for investors from over 28 countries and areas. 47 among the top 500 famous multi-national enterprises have invested in this area.
Zhangjiang Economic & Technological Development Zone
It is one of the first national development zones in the open coastal cities of China. While the climate of this area is pleasant, convenient communication conditions and complete infrastructure facilities ensure an attractive investment environment. The development zone will adopt an open policy and a new system of management & service.
Huizhou Dayawan Economic & Technological Development Zone
Adjoining Shenzhen, this area is located 60km or 47 nautical miles away from Hong Kong. Huizhou Port is one of the better deepwater ports in South China. It has the potential of having 100 berths above 10,000 tonnage. There are currently two 35,000 tonnage berths, one 150,000 tonnage berth and one 10,000 tonnage berth which have been built. Over ten countries and areas have invested in this area. The Nanhai petrochemical project has been approved by the State Planning Commission. This is the biggest joint venture project in China now. Its total investment value is USD4.46 billion.
Guangzhou Nansha Economic & Technological Development Zone
It lies in the southeastern part of Panyu. It is 38 nautical miles away from Hong Kong, 41 nautical miles away from Macao, and 54km from Guangzhou. Guang-Shen-Zhu Expressway crosses the development zone. The development zone owns the condition of building deepwater port.
Potential Sectors Where Malaysians Can Collaborate With Guangdong Companies
Electronics and Information Industry
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Guangdong has become one of the most important bases of IT products in China.
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Concentrated on the Pearl River Delta Region, particularly in Shenzhen, Guangzhou, Dongguan, Huizhou, Foshan and Zhongshan, a famous “corridor of electronic and information industry” has taken shape.
Electronic Appliance and Machinery Industry
Guangdong’s household electric appliance industry has proven to be as important to its country, being a key export base in China, as it is to the world. Because of its varied offerings, well-developed support system, good quality of products, and creativity in developing new products, Guangdong has for a long time maintained its leading position in the country in terms of production, export and competitiveness of household electric products. In the field of audio and visual equipment manufacturing including colour TVs, laser disc players and hi-fi systems, it ranks first in China in terms of competitiveness.
Textiles and Garments Industry
Guangdong is an important producing and exporting base for China’s textile industry. It is also the third largest exporting base in the world for garments. Guangdong’s textiles rank first in China in terms of: variety, quality, brand, total value of industrial output and sales. In 2006, Guangdong’s garment and textile industry developed first with an export volume of USD28.71 billion, increasing by 16.3%.
Food & Beverage Industry
Guangdong is a big producing and exporting province for China’s food and beverage industry. A firm focus on technical improvement and technology transfer from abroad have ensured its foodstuff industry boasts the highest standards of quality. With this obvious advantage, its beverages, baked & roasted food, health products and condiments, including a number of famous brands, are among the leading products in China.
Construction Materials Industry
Guangdong is a province with a strong construction material industry. The economic aggregate of this industry tops the highest level in the country. In 2006, the growth rate of the industry was at 30.8%. The great variety of products and strong support system make it a pillar industry in Guangdong.
Automobile Industry
Guangdong’s automotive industry is among the top in China. In recent years, Guangdong has made great efforts to create a favourable investment environment to attract more foreign investments, restructure the automobile industry, expand production scale and improve manufacturing capability. A number of famous carmakers such as Honda, Isuzu, Nissan and Toyota have settled in Guangdong.
Sources:
http://www.gddoftec.gov.cn
http://guangdong.mofcom.gov.cn
http://www.gdstats.gov.cn
http://www.tdctrade.com