Page 48 - 2016_SpecialReport_web
P. 48
6 Special Report on the State of Business in South China
terns and achieve balanced economic development between its Economic Development Goals for the PRD
urban and rural areas.
(2009, 2012, 2020)
The Plan also includes the following key goals:
2009 2012 2020
• Establish financial centers in Guangzhou and Shen-
zhen, as shown by projects such as the second board GDP per capita RMB60,000 RMB80,000 RMB135,000
at the Shenzhen Securities Exchange and construction
of the Guangdong Financial and High-tech Services GDP from service sector 50% 53% 60%
Zone.
Urbanization 76% 80% 85%
• Improve infrastructure, and promote Guangdong as a
world-class logistics center through the construction Source: Outline of NDRC Development Plan for the PRD (2008)
of several hub-type modern logistics parks, including
those at Baiyun Airport, Bao’an Airport, Guangzhou • Eastern passage between Shenzhen and Hong Kong
Port and Shenzhen Port. • Express railway from Guangzhou via Shenzhen to
• Implement an “outward” strategy, by establishing 10 Hong Kong
native multinational corporations with annual sales • Guizhou-Guangzhou coastal railway and Nanning-
revenue of over US$ 20 billion by 2020.
Guangzhou railway
• Develop a series of specialized conventions and exhibi- • Urban rail transit systems in Guangzhou, Shenzhen,
tions, including the Guangzhou Export Commodities
Fair, Shenzhen High-tech Fair, Zhuhai International Foshan and Dongguan
Aviation and Aerospace Exhibition, Guangzhou Small • Improvement to the modern functions of ports in
and Medium-Sized Enterprise Fair and Shenzhen In-
ternational Cultural Industries Fair. Guangzhou, Shenzhen and Zhuhai
• Expansion of Baiyun Airport in Guangzhou
• Foster creative industry business clusters, including the
construction of a national base for the software and Joined by Hong Kong and Macau, the PRD aims to become
animation industries. a globally competitive area for the advanced manufacturing and
modern service industries by 2020, and the most vigorous eco-
• Increase the innovative capacity of the region to real- nomic zone in the entire Asia-Pacific region. In the following,
ize the transformation from “Made in Guangdong” to we break the region down by provinces/cities.
“Created by Guangdong” by 2020.
• Establish internationally influential 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 allocat-
ed more than 672 billion yuan (US$109.75 billion) to develop
rural areas in the province over the next five years. The funds are
to specifically focus on infrastructure projects, including a num-
ber of new links planned to better connect the greater PRD and
integrate it with the pan-PRD area.
Major ongoing infrastructure developments include:
• Zhongshan-Shenzhen passage across the Pearl River
estuary
• Hong Kong-Zhuhai-Macao Bridge (scheduled for
completion by 2016)
48
terns and achieve balanced economic development between its Economic Development Goals for the PRD
urban and rural areas.
(2009, 2012, 2020)
The Plan also includes the following key goals:
2009 2012 2020
• Establish financial centers in Guangzhou and Shen-
zhen, as shown by projects such as the second board GDP per capita RMB60,000 RMB80,000 RMB135,000
at the Shenzhen Securities Exchange and construction
of the Guangdong Financial and High-tech Services GDP from service sector 50% 53% 60%
Zone.
Urbanization 76% 80% 85%
• Improve infrastructure, and promote Guangdong as a
world-class logistics center through the construction Source: Outline of NDRC Development Plan for the PRD (2008)
of several hub-type modern logistics parks, including
those at Baiyun Airport, Bao’an Airport, Guangzhou • Eastern passage between Shenzhen and Hong Kong
Port and Shenzhen Port. • Express railway from Guangzhou via Shenzhen to
• Implement an “outward” strategy, by establishing 10 Hong Kong
native multinational corporations with annual sales • Guizhou-Guangzhou coastal railway and Nanning-
revenue of over US$ 20 billion by 2020.
Guangzhou railway
• Develop a series of specialized conventions and exhibi- • Urban rail transit systems in Guangzhou, Shenzhen,
tions, including the Guangzhou Export Commodities
Fair, Shenzhen High-tech Fair, Zhuhai International Foshan and Dongguan
Aviation and Aerospace Exhibition, Guangzhou Small • Improvement to the modern functions of ports in
and Medium-Sized Enterprise Fair and Shenzhen In-
ternational Cultural Industries Fair. Guangzhou, Shenzhen and Zhuhai
• Expansion of Baiyun Airport in Guangzhou
• Foster creative industry business clusters, including the
construction of a national base for the software and Joined by Hong Kong and Macau, the PRD aims to become
animation industries. a globally competitive area for the advanced manufacturing and
modern service industries by 2020, and the most vigorous eco-
• Increase the innovative capacity of the region to real- nomic zone in the entire Asia-Pacific region. In the following,
ize the transformation from “Made in Guangdong” to we break the region down by provinces/cities.
“Created by Guangdong” by 2020.
• Establish internationally influential 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 allocat-
ed more than 672 billion yuan (US$109.75 billion) to develop
rural areas in the province over the next five years. The funds are
to specifically focus on infrastructure projects, including a num-
ber of new links planned to better connect the greater PRD and
integrate it with the pan-PRD area.
Major ongoing infrastructure developments include:
• Zhongshan-Shenzhen passage across the Pearl River
estuary
• Hong Kong-Zhuhai-Macao Bridge (scheduled for
completion by 2016)
48
