Page 44 - 2015_SpecialReport_web
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5 Special Report on the State of Business in South China
National Development and Reform Commission (NDRC), Economic Development Goals for the PRD
describes the PRD region as an experimental area for scienti c (2009, 2012, 2020)
development and calls for the creation of three super-met-
ropolitan areas, respectively, Guangzhou and Foshan, Hong 2009 2012 2020
Kong and Shenzhen, and Macao and Zhuhai. Provided with
greater autonomy, the PRD is expected to be at the forefront GDP per capita RMB60,000 RMB80,000 RMB135,000
of new economic patterns and achieve balanced economic de-
velopment between its urban and rural areas. GDP from service sector 50% 53% 60%
e Plan also includes the following key goals: Urbanization 76% 80% 85%
• Establish nancial centers in Guangzhou and Shen- Source: Outline of NDRC Development Plan for the PRD (2008)
zhen, as shown by projects such as the second board
at the Shenzhen Securities Exchange and construc- the greater PRD and integrate it with the pan-PRD area.
tion of the Guangdong Financial and High-tech Ser- Major ongoing infrastructure developments include:
vices Zone.
• Zhongshan-Shenzhen passage across the Pearl River
• Improve infrastructure, and promote Guangdong as a estuary
world-class logistics center through the construction
of several hub-type modern logistics parks, including • Hong Kong-Zhuhai-Macao Bridge (scheduled for
those at Baiyun Airport, Bao’an Airport, Guangzhou completion by 2016)
Port and Shenzhen Port.
• Eastern passage between Shenzhen and Hong Kong
• Implement an “outward” strategy, by establishing 10 • Express railway from Guangzhou via Shenzhen to
native multinational corporations with annual sales
revenue of over US$ 20 billion by 2020. Hong Kong
• Guizhou-Guangzhou coastal railway and Nanning-
• Develop a series of specialized conventions and ex-
hibitions, including the Guangzhou Export Com- Guangzhou railway
modities Fair, Shenzhen High-tech Fair, Zhuhai • Urban rail transit systems in Guangzhou, Shenzhen,
International Aviation and Aerospace Exhibition,
Guangzhou Small and Medium-Sized Enterprise Fair Foshan and Dongguan
and Shenzhen International Cultural Industries Fair. • Improvement to the modern functions of ports in
• Foster creative industry business clusters, including Guangzhou, Shenzhen and Zhuhai
the construction of a national base for the software • Expansion of Baiyun Airport in Guangzhou
and cartoon industries.
Joined by Hong Kong and Macau, the PRD aims to be-
• Increase the innovative capacity of the region to real- come a globally competitive area for the advanced manufac-
ize the transformation from “Made in Guangdong” to turing and modern service industries by 2020, and the most
“Created by Guangdong” by 2020. vigorous economic zone in the entire Asia-Paci c region. In
the following, we break the region down by provinces/cities.
• Establish internationally in uential brands in Foshan
for home appliances and building materials, in Dong-
guan for garments, in Zhongshan for lighting and in
Jiangmen for papermaking.
To reach these goals in the increasingly overcrowded PRD
region, the Guangdong provincial government recently ear-
marked more than 672 billion yuan (US$109.75 billion) to
develop rural areas in the province over the next ve years.
e funds are to speci cally focus on infrastructure projects,
including a number of new links planned to better connect
44
National Development and Reform Commission (NDRC), Economic Development Goals for the PRD
describes the PRD region as an experimental area for scienti c (2009, 2012, 2020)
development and calls for the creation of three super-met-
ropolitan areas, respectively, Guangzhou and Foshan, Hong 2009 2012 2020
Kong and Shenzhen, and Macao and Zhuhai. Provided with
greater autonomy, the PRD is expected to be at the forefront GDP per capita RMB60,000 RMB80,000 RMB135,000
of new economic patterns and achieve balanced economic de-
velopment between its urban and rural areas. GDP from service sector 50% 53% 60%
e Plan also includes the following key goals: Urbanization 76% 80% 85%
• Establish nancial centers in Guangzhou and Shen- Source: Outline of NDRC Development Plan for the PRD (2008)
zhen, as shown by projects such as the second board
at the Shenzhen Securities Exchange and construc- the greater PRD and integrate it with the pan-PRD area.
tion of the Guangdong Financial and High-tech Ser- Major ongoing infrastructure developments include:
vices Zone.
• Zhongshan-Shenzhen passage across the Pearl River
• Improve infrastructure, and promote Guangdong as a estuary
world-class logistics center through the construction
of several hub-type modern logistics parks, including • Hong Kong-Zhuhai-Macao Bridge (scheduled for
those at Baiyun Airport, Bao’an Airport, Guangzhou completion by 2016)
Port and Shenzhen Port.
• Eastern passage between Shenzhen and Hong Kong
• Implement an “outward” strategy, by establishing 10 • Express railway from Guangzhou via Shenzhen to
native multinational corporations with annual sales
revenue of over US$ 20 billion by 2020. Hong Kong
• Guizhou-Guangzhou coastal railway and Nanning-
• Develop a series of specialized conventions and ex-
hibitions, including the Guangzhou Export Com- Guangzhou railway
modities Fair, Shenzhen High-tech Fair, Zhuhai • Urban rail transit systems in Guangzhou, Shenzhen,
International Aviation and Aerospace Exhibition,
Guangzhou Small and Medium-Sized Enterprise Fair Foshan and Dongguan
and Shenzhen International Cultural Industries Fair. • Improvement to the modern functions of ports in
• Foster creative industry business clusters, including Guangzhou, Shenzhen and Zhuhai
the construction of a national base for the software • Expansion of Baiyun Airport in Guangzhou
and cartoon industries.
Joined by Hong Kong and Macau, the PRD aims to be-
• Increase the innovative capacity of the region to real- come a globally competitive area for the advanced manufac-
ize the transformation from “Made in Guangdong” to turing and modern service industries by 2020, and the most
“Created by Guangdong” by 2020. vigorous economic zone in the entire Asia-Paci c region. In
the following, we break the region down by provinces/cities.
• Establish internationally in uential brands in Foshan
for home appliances and building materials, in Dong-
guan for garments, in Zhongshan for lighting and in
Jiangmen for papermaking.
To reach these goals in the increasingly overcrowded PRD
region, the Guangdong provincial government recently ear-
marked more than 672 billion yuan (US$109.75 billion) to
develop rural areas in the province over the next ve years.
e funds are to speci cally focus on infrastructure projects,
including a number of new links planned to better connect
44
