Industries in Guangzhou
Guangzhou's industry plays a significant role in the economy of
the whole city. The industrial added value has been ranking 2nd
among the 10 largest cities of China for the last continuous 8 years.
In 2003, Guangzhou's industry has made tremendous contribution to
the Guangzhou economy and social development, fulfilling the gross
industrial output of 470.6 billion yuan (equivalent to 56.9 billion
USD) with an increase of 27% compared with that of 2002. Meanwhile,
Guangzhou's industry realized the contribution rate of 60% to the
GDP of Guangzhou and contributed 9% to the growth of GDP.
Guangzhou's industry distinguishes itself in the following aspects:
More than 10,000 different types
of industries in Guangzhou |
First, Guangzhou owns the largest number of industrial categories
among the cities in south China area with a comprehensive and
complete industrial system.
Second, Guangzhou boasts lots of famous brands and China's famous
products, such as the unique brand "Pearl River Piano"
which achieves the highest sales volume worldwide, the brand "Pearl
River Beer" with high market shares in China, the traditional
Chinese patent medicine and the newsprint.
Third, The multifaceted industrial structure gets boosted with
the state-owned enterprises, joint ventures and private enterprises
thriving altogether.
Fourth, The three pillar industries develop rapidly. The petrochemical
industry, automobile industry and electronics and telecommunication
equipment industry totally fulfilled the gross industrial output
of 160.9 billion yuan (equivalent to 19.5 billion USD), an increase
of 48% up to the last year. Fifth, Guangzhou boasts excellent
investment environment and great potential in outward economic
development. Guangzhou has attracted the attention all over the
world with the properties like distinctive geographical advantage,
rich human resource, complete infrastructure, rational industrial
layout and efficient civil service.
Up to now, there are 115 companies of the Global 500 have established
their subsidiaries in Guangzhou.
Fields of Guangzhou's Industry for Intensified Development:
1. Mechanical Equipment Industry -- Spearhead Industry in South
China
Since Guangzhou is the largest industrial city in South China,
its mechanical equipment industry enjoys irreplaceable edges and
a vast space for development in South China, or even Southeast
Asia. Currently, the focus is on the development of shipbuilding,
heavy machinery, numerically-controlled machines, complete sets
of equipment for buildings, power transmission and transformation
equipment, packing machinery, etc. The goal of the city is to
enable the total output value of the mechanical equipment industry
to exceed 150 billion yuan (equal to about 18 billion USD) by
2005 and then become doubled on this basis to reach over 400 billion
yuan (equal to about 50 billion USD) by 2010.
2. Automobile and Parts Industry -- One of China's Largest Auto
Bases
Auto industry is an industry that is growing the fastest now
in Guangzhou. All the four leading auto manufacturers of Japan,
like Honda, Nissan, Toyota and Isuzu, have set up auto-manufacturing
factories in Guangzhou. A large number of domestic and foreign
auto parts manufacturers have settled in the specialized auto
parks situated in Nansha, Huadu, Baiyun and Huangpu to go along
with the auto-manufacturing enterprises, forming a sound pattern
for focal development. While continuing to expand the manufacturing
of automobiles, Guangzhou's auto industry will also focus on developing
the auxiliary industries, e.g. molds, chemical engineering, electronics,
instruments and tyres, to create a development structure that
features dovetailed upstream and downstream, rational division
of work and complete industrial chains. The auto output of Guangzhou
will reach 500 thousands by 2005 and 1 million by 2008, when the
output value of combined automobiles and parts will stand around
300 billion (equal to about 36 billion USD), so that the city
will become one of China's largest auto producers.
3. Electronics and Communication Manufacturing Industry -- Industrialization
Spurred by Informatization
This is one of the pillar industries of Guangzhou. As the only
exemplary city of China for the promotion of enterprise informatization
and a national exemplary city for the informatization of the manufacturing
industry, Guangzhou will also actively introduce powerful domestic
and foreign strategic partners to expand its electronic information
industry, including the manufacturing of communication equipment
and computers. The goal is to enable the industry to achieve a
total output value of 80 billion yuan (equal to about 10 billion
USD) by 2005.
4. Petrochemical Industry ----- Going All Out in Building a
World-Class Petrochemical Center
While the world petrochemical industry is leaning to large scale
and adjacency to ports and speeding up its move to China, relative
edges have loomed large for Guangzhou to develop its petrochemical
industry in South China. The city will boost the cooperation with
multinationals to expand the production scale of oil refining
and ethylene and bring along the growth of downstream industries.
In the years to come, the petrochemical industry will increase
its oil refining capacity from 10 million ton/year to 18 million
ton/year and increase the output of ethylene from 200,000 tons
/ year to 800,000 tons / year. Meanwhile, Guangzhou will aim at
renowned domestic and foreign chemical enterprises to work with
them in promoting the extension of the chain of the petrochemical
industry, focusing on the development of fine chemicals of high
technological requirements and high added value and creating a
complete and efficient chain of petrochemical industry.
5. Modernization of Traditional Chinese Medicines and a Modern
Biological Pharmaceutical Industry -- Seamless Integration of
Traditional Industry with Modern Technology
Guangzhou is a region where the industry of traditional Chinese
medicines is fairly developed. Guangzhou Pharmaceutical Holdings
Limited ("GMG") stands in the forefront of China's medicine
producing and marketing enterprises and owns name brand products
that have a long history and a reputation both at home and abroad.
At present, Guangzhou gives key support to the development of
new Chinese medicines, the secondary development of famous Chinese
medicines and the application of bioengineering researches in
the modernization of Chinese medicines to accelerate the formation
of industrialized bases. By 2010, the Chinese medicine enterprises
will achieve a sales value of more than 10 billion yuan (equal
to nearly 1.5 billion USD). In the meantime, the city will step
up the cooperation with world famous pharmaceutical enterprises
in the field of biological medicine to selectively develop and
support products of biological medicine with gene engineering
as representative and biochemical pharmaceutical industry that
uses modern biological technology.
6. E-business under Energetic Development -- Construction of
Procurement and Trade Center of Industrial Raw Materials
Guangzhou will also actively promote e-business and, in the near
future, set up six major platforms of electronic transactions
for metal materials, grains, coals, medicines, petroleum products
and famous local products. It will work hard to develop industrial
logistics to give a further play to its regional advantages as
a central city and the impact on the Pearl River Delta and the
other parts of South China. |