Credits of the subject “Doing Business in Guangzhou”: 1
Duration: one week
Shenzhen: a gateway for China.
International Trade and Business in Guangzhou
Guangzhou has become one of the wealthiest cities in China.
The proximity to Hong Kong has allowed its fast economic development
Completely open to the foreign direct investment, Canton is an important industrial and commercial centre of China, thanks to its import and export international fair
Guangzhou has three key industries: Automotive, petrochemical, and electronic information manufacturing
Guangzhou (Canton) is in the Greater Pearl River Delta, one of the mainland leading commercial, international trade and manufacturing regions of China
The GDP reached ¥911.28 billion (USD 133.5 billion), per capita was ¥89,498 (USD 13,111)
Canton (Guangzhou) is the third Chinese largest city (population of 12.78 million)
Auto industry is one of the largest industries of Guangzhou.
Automotive production in Guangzhou reached 13,584 million, accounting for 7.44% of the total of China (18,2647 million)
552
companies exported vehicles and auto component
Guangzhou has attracted 448 projects concerning auto and component production, involving a total foreign investment volume of 9,258 billion dollars
Electronic information manufacturing industry is other of the three pillar industries in Guangzhou.
The total production of the electronic information manufacturing industry in Guangzhou reached RMB 180 million (an increase of 32.8% compared to previous year)
Guangzhou
benefits from a strong economic foundation and a strategic geographic position for international logistics
development
Shenzhen is situated at the Southern corner of the Chinese mainland and on the eastern Bank of the Pearl River.
Shenzhen neighbors Hong Kong
Total population that includes migrants reached 13.22 million
Shenzhen is the fourth on the Chinese mainland regarding the economic power and one of the Chinese cities that has generated the largest economic returns
Shenzhen is a link between the Chinese mainland and Hong Kong and a transport hub in Southern China
Of the Fortune Global 500 companies, 180 have branches in Shenzhen
The Canton Fair is the largest Import/Export fair in the World. Inaugurated in 1957, the event has become very famous thenceforth. Gathering 150,000 importers each year, the show is now a reference in the World of international business.
(c) EENI Global Business School (1995-2024)
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