Guangdong Province, the forerunner of China's reform and opening up, has become one of the largest industrial provinces in China, with its economic aggregate accounting for one eighth of that of the whole nation. Guangdong has accelerated and strengthened industrial restructuring in recent years. There are nine pilar industries in the province, namely, electronic information, household appliances, petrochemistry, textile, food and beverage, building materials, paper making, automobile, and medicine, representing the economic power of Guangdong. Solid economic foundation and favorable investment environments in Guangdong bring abundant profits to investors.
¡ñElectronic Information
Nowadays, the annual sales volume of China's electronic information industry has reached nearly RMB 4 trillion, with the outputs of computers, mobile phones and TV sets ranking first all over the world. The scale of Guangdong's electronic information industry has been ranking top for 15 consecutive years, accounting for one third of the nation's total. The Pearl River Delta economic zone has become the most important IT product manufacturing bases in China, and in the world at large.
¡ñHousehold Appliances and Machinery
The industry of machinery is one of the most important pillar industries in China, with the annual sales volume of over RMB 4 trillion. Taking the second place in China, the total production of Guangdong's household appliances and machinery industry has reached RMB 500 billion. Guangdong is among the most important export bases of the world, with its export of machinery ranking first in the country. A huge cluster of household appliances and machinery has been formed on the Pearl River Delta with Guangzhou, Shenzhen and Foshan as its center, covering the east and west wings of the province.
¡ñPetrochemistry
The annual sales volume of China's petrochemical industry has reached over RMB 3 trillion. The total production of the petrochemical industry in Guangdong ranks among the top in China, making up about 10% of the country¡¯s total, with the output volumes of many major products ranking among the top three. The production in this industry is mainly in coastal cities like Maoming, Guangzhou, Huizhou and Zhanjiang.
¡ñTextiles & Garments
China is the global manufacturing center of textiles and garments, which is the biggest contributor to China's export. Guangdong is one of the most important textile manufacturing and export provinces, as well as the third biggest garment export base in the world. It features its clustering, diversification, larege scale and high output volume in this industry.
¡ñFood & Beverage
Food & Beverage is one of the most important traditional industries in China, and Guangdong is an important production and export base for the food and beverage industry, with its industrial scale and output volume ranking among the top in the country, and its famous brands of food and beverage playing an important role in the Chinese market.
¡ñBuilding Materials
With the rapid economic growth in China, the building materials industry has been developping at a fast pace, with the annual increase reaching 30%. The total output volume in Guangdong¡¯s building materials industry has topped RMB 150 billion, the 2nd among other provinces in the country. It has prominent advantages in ceremics and cement production.
¡ñPapermaking
The papermaking industry in China has been rapidly developed in recent years, with the annual increase reaching 20%. It is also one of the industries in Guangdong that are of great potential, as Guangdong is one of the major papermaking provinces.
¡ñAutomobile
Presently, the output volume of China¡¯s automobiles has reached RMB 7 million, making the country the third largest automobile producers in the world. Guangdong has a capacity of producing up to 800,000 automobiles, with Guangzhou as the center in this dustry, sedab cars as the priority, auto parts as the foundation, and passengers¡¯ vehicles, light-duty vehicles, special-purposed vehicles and motorcycles as the subsidiary.
¡ñMedicine
The medicine industry is one of the new- and high-tech industries China is boosting, with the industrial volume topping RMB 400 billion. Guangdong is advantageous nationwide in many fields that feature hi-tech and high added value, such as the Chinese traditional medicine, bio-pharmaceuticals and medical equipment.