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Viewing report
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Guangzhou Development District
China Knowledge Press, June 2011, Pages: 25
Guangzhou Development District (Guangzhou DD) rated “AAA” by China Knowledge in a research report published today. The industrial park comprises four state-level development zones: Guangzhou Economic and Technological Development Zone (Guangzhou ETDZ), Guangzhou High-Tech Industrial Development Zone (Guangzhou HIDZ), Guangzhou Export Processing Zone (Guangzhou EPZ) and Guangzhou Free Trade Zone (Guangzhou FTZ). Guangzhou DD is the only development district in China that has four kinds of state-level development zones under a single administrative committee.
Guangzhou DD lies 22 km east of Guangzhou an hour by car from Hong Kong and Macau. The major cities of the Pearl River Delta are within a 1.5-hour drive from Guangzhou via the Guangzhou-Shenzhen State Highway, the Guangzhou-Shantou Highway, the Guangzhou-Shenzhen-Zhuhai Expressway and the Guangzhou-Huizou Expressway. Guangzhou Baiyun International Airport is 41 km from Guangzhou DD. Huangpu New Harbor, which has an annual cargo handling capacity of 15 million tons, is located in the West Section of Guangzhou ETDZ.
Guangzhou ETDZ was among the first state-level economic and technological development zones approved by the State Council in 1984. It covers an area of 38.6 sq km and consists of three sections: the West Section, which has an area of 9.6 sq km, the East Section, which coves 12 sq km, and the Yonghe Economic Zone, a Taiwanese investment zone covering 17 sq km.
This industrial park is one of the most advanced development zones in China. In 2010, Guangzhou DD’s GDP rose 18.6% and reached RMB 161.8 billion, contributing 15.25% to Guangzhou’s GDP. The district has ranked first among all the state-level economic and technological development zones for six consecutive years.
Last year, the value-added industrial output from the district totaled RMB 114.5 billion. Raw chemicals and fine chemicals, electronic and telecom products manufacturing, metallurgy and metal products, food and beverages, electrical and mechanical equipment, and automobiles and auto parts are the major industries in Guangzhou DD.
Guangzhou DD has a strong automobile industry base. The Guangzhou Development District Automobile Industry (Trade) Base, located in Guangzhou DD, has attracted 118 automobile, auto parts and auto accessories firms, including Honda, Nissan, Toyota, Honeywell, Omron, Delphi Packard and other industrial giants.
The gross industrial output from electronic and telecom products manufacturing in Guangzhou accounting for nearly two thirds of Guangzhou’s total. Major enterprises in the district include Ericsson, Sony, Siemens, Motorola and Casio.
For 2010, the utilized FDI in the district increased by 5.2% year on year and hit US$1.23 billion, accounting for 31% of Guangzhou’s total. By the end of 2009, 103 Fortune 500 enterprises, including DuPont, P&G, Dow and ABB, had launched projects in the district.
The export value increased 33.7% to US$13.67 billion, accounting for 28% of the city’s total export. The import value increased 63.3% to US$ 19.49 in 2010.
Industrial parks with AAA rating are the most established and have the best investment environment and are strongly recommended. There are only 11 among 254 rated ones that are classified as national or municipal level. These industrial parks have potential of listing in both domestic or foreign exchanges in the form of industrial real estates developer or industrial REIT. Small-size developments with core industry theme are listed in HKSE, SSE and SZE. There are enormous investment opportunities due to their well-developed infrastructure and large number of multinational and state-owned companies established there.
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