GUANGDONG

Guangdong

ABOUT GUANGDONG

Guangdong is a province on the South China Sea coast of the People’s Republic of China. Formerly known as Canton or Kwangtung in English, Guangdong surpassed Henan and Sichuan to become the most populous province in China in January 2005, registering 79.1 million permanent residents and 31 million migrants who lived in the province for at least six months of the year; the total population was 104,303,132 at the 2010 census, accounting for 7.79 percent of Mainland China’s population. The provincial capital Guangzhou and economic hub Shenzhen are among the most populous and important cities in China. The population increase since the census has been modest, the province at 2013 end had 106,440,000 people.

Since 1989, Guangdong has topped the total GDP rankings among all provincial-level divisions, with Jiangsu and Shandong second and third in rank. According to state statistics, Guangdong’s GDP in 2011 reached RMB 5,267 billion, or US$815.53 billion, making its economy roughly the same size as the Netherlands. Furthermore, its 2011 nominal GDP is well over half of India’s using 2012 exchange rates. Guangdong has the fourth-highest GDP per capita among all provinces of Mainland China, after Jiangsu, Zhejiang, and Liaoning. The province contributes approximately 12% of the PRC’s national economic output, and is home to the production facilities and offices of a wide-ranging set of multinational and Chinese corporations. Guangdong also hosts the largest import and export fair in China called the Canton Fair in Guangdong’s capital city Guangzhou.

ZHUHAI FREE TRADE ZONE

Zhuhai Free Trade Zone (Zhuhai FTZ) was founded in 1996 with the State Council’s approval, occupying 3 square kilometers. Zhuhai FTZ Administrative Committee was set up in June 1997. By the end of 2006, there had been over 200 companies registered in the Free Trade Zone, including more than 150 foreign-funded enterprises, and the total investment amount was 1 billion US dollars. Foreign investments came from 20 countries and regions, including Germany, Japan, the United States, Italy, Hong Kong, Macao and Taiwan. Six of the Fortune 500 companies had business registered in the zone.
Businesses in operation in Zhuhai FTZ now include aviation maintenance and training, precision processing, electronic component manufacturing, pharmaceutical and medical apparatus manufacturing, modern logistics, etc.
Zhuhai FTZ’s economy has been growing at high speed. In 2006, it delivered a 1.2 billion CNY GDP, the total industrial output value was 8.8 billion CNY, the total logistics value was 18.3 billion CNY, and the total import and export value was 930 million USD

GUIDELINE OF INVESTMENT

Development Opportunities for Zhuhai Free Trade Zone
Zhuhai Free Trade Zone (Zhuhai FTZ) was founded in 1996 with the State Council’s approval, occupying 3 square kilometers. Zhuhai FTZ Administrative Committee was set up in June 1997. By the end of 2006, there had been over 200 companies registered in the Free Trade Zone, including more than 150 foreign-funded enterprises, and the total investment amount was 1 billion US dollars. Foreign investments came from 20 countries and regions, including Germany, Japan, the United States, Italy, Hong Kong, Macao and Taiwan. Six of the Fortune 500 companies had business registered in the zone. Businesses in operation in Zhuhai FTZ now include aviation maintenance and training, precision processing, electronic component manufacturing, pharmaceutical and medical apparatus manufacturing, modern logistics, etc. Zhuhai FTZ’s economy has been growing at high speed. In 2006, it delivered a 1.2 billion CNY GDP, the total industrial output value was 8.8 billion CNY, the total logistics value was 18.3 billion CNY, and the total import and export value was 930 million USD.

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