Recently, the Ministry of Commerce of the People's Republic of China unveiled an evaluation report on the development of the country's national economic and technological development zones in 2023. According to the report, Guangzhou Development District and Guangzhou Nansha Economic and Technological Development Zone ranked second and seventh, respectively, in comprehensive development.
(Guangzhou International Bio Island)
It is reported that Guangzhou's economic development zones contributed nearly 60% of the city's total foreign trade, more than 70% of the total value added of industrial enterprises above the designated size, and nearly 80% of the actual use of foreign capital.
Established in 1984, Guangzhou Development District is one of the first 14 national economic and technological development zones in China. Since its establishment, it has attracted a large number of Fortune Global 500 companies and multinational enterprises such as Procter & Gamble, Amway, and Mars to settle in the district.
(Guangzhou Development District)
So far, it has formed five industrial clusters with each worth over a hundred billion RMB, covering fields such as automobile manufacturing, advanced display, green energy, new materials, beauty and health, together with three industrial clusters with each worth more than 50 billion RMB covering the fields of integrated circuits, bio-medicine, and high-end equipment, with a total industrial output value reaching nearly 900 billion RMB, accounting for about 40% of the city's total industrial output value. In 2023, the actual use of foreign capital of Guangzhou Development District exceeded three billion USD, of which high-tech industries accounted for more than 90%.
Guangzhou Development District now has built ten national industrial bases, forming the largest incubator cluster and innovation platform in South China. It highlights four industrial clusters, including China-Singapore Guangzhou Knowledge City, Guangzhou Science City, Port of Huangpu, and Guangzhou International Bio Island, focusing on the development of emerging industries, innovative projects, headquarters economy, and knowledge-intensive industries.
(Guangzhou Nansha Economic and Technological Development Zone)
Nansha Economic and Technological Development Zone was established in 1993 and approved as a pilot free trade zone in 2014. At present, the zone has attracted an array of foreign-funded and innovation-oriented enterprises such as Toyota, Louis Dreyfus Company and Pony.ai, and has introduced more than 260 investment projects from Fortune Global 500 companies. The zone is also one of the three major shipbuilding bases in China.
(Guangzhou Nansha Economic and Technological Development Zone)