Page 86 - 2019 White Paper on the Business Environment in China
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9 White Paper on the Business Environment in China
nji) Fig 4 The GBA, the YREB and Jingjinji are the three ALegacyinOutstandingEconomicDevelopment
were megacities in China
BRI in The GBA has a legacy of being the first region to take
cted to Figure 4 | The GBA, the YREB and Jingjinji are the three off economically since the beginning of China?? economic
national megacities in China reform. Benefiting first from the migration of Hong Kong??
nd manufacturers and then those of Taiwan to Guangdong
s in response to its favorable policy and low labor cost,
nd the Pearl River Delta, particularly the Shenzhen Special
urban Economic Zone, registered outstanding economic growth
g costs, in the 1980s and 1990s that was significantly ahead of the
These national average.
ivity
ders in Source: EY Subsequent to the early head start and rapid
development, the region has been one of the most
New Source: EY economically prolific areas in China. The total economic
s of the output of the GBA amounted to 10.2 trillion yuan in
ing hub FFiiggu5reT5hr|eTehmreeegamceitgieasciintiCeshiinnaChina 2017, broadly equivalent to 12.4% of China?? GDP. With a
rket, total population of 67.1m, or 4.85% of total population,
o the the region is a relatively advanced region in terms of
n total economic development, with GDP per capita at 2.5 times
n higher than the national average.
86 GBA Jingjinji YREB Nurturing Ground for Private, Outward
Facing Economy
Size (sq.km.) 56,148 214228 350840
Population (m) 68 112 222 The Factory of the World
GDP (RMB b) 9,138 8,256 19,532 ç»???¹é??¿æ?é¢?ince the early days, the region has been called ??he
Long-time leader inGDP per capita (RMB) 134,366 73,681 87,963
factory of the world?? for being a hub for export-oriented
Tertiary industry manufacturing. The China Import and Export Fair (Canton
economic reform(% of GDP)
65 58 52
ExportNote (% of GDP) 53 11 30
Hi-tech industryNote 32 18 24
(% of total VAI) Fig 6 GBA has been a driver for economic growth since the 1980s
The GBA is China?? most dynamic, open, market-oriented Figure 6 | GBA has been a driver for economic growth since
NNootet:eH:aoHnngdoKninognngoKvaoanndtigvMeaacraneugdaiorMene,axacccalucodoerdadrfinreogmetxoGcBalAundinTehedxepEforrcotoamnnodmGhiBi-stAetcshipniencdiuasltry the 1980s ?¹æ????æµ??人ã??2017å¹´ç????????¸?½ç?
Seoxuprcoer:rttNheaapetnoiPordent,aahlAriBl-utRCerihevcaiehnuraioDntfhedSaltutatastwitsinrtoiycr2sk0s1??7W2.hIanttthheedceovuenlotrpymceanntlepalarnn,ftrhoem Average Real G??P??r�w�h ???A China that works ?? What the
Sourceem: NpahatisoensaolfBthuereGaBuAoafrSettaotibsrtiincgs: %YoY
30 can learn from the Pearl river deltaï¼?2ï¼?²¤æ¸?
?? Further integration in both physical and regulatory ?ºæ?ä¸????æ´»è????å¼??¾ã????ºå?ç¨?º¦??é«???
infrastructures to connect the cities together and create a 20
big and unified market ?°å?????ºã??????è§??ä¸??粤港澳大湾å???
10
?¹æ?ï¼?
?? F??voWroarbldl-elealidvininggtecehnnvoilroogny manednfitnaanncdialpseurbvilciecsghoubosds 0 ?? è¿??æ¥æ?è¿??ä½??????ºç?设æ?建è?ä¸?ä½?
that attract talent from across the country and the rest -10 ???å¸??äº??äº?????????ä¸?大å??ºã??
of the?? woFtaarlvledonr.tafbrloemlivaincrgoessnvthireoncmouennttryanadndputhbelicregsotoodfstthheawt aotrtlrda.ct
-20 ?? ???????????ç§?????????¡ä¸å¿???
In our view, the plan is going to build on the region??
-30 ?? ?¥é???好ç???´»??¤¾ä¼??å¢??以å?å¼????
In ourrevmieawrk,atbhleesptrleanngtishsgaonidngacthoiebveuriledmoanrkathblee sreyngeiorgny??
remarkable strengths and achieve remarkable synergy. 1985 1990 1995 2000 ??20ä»?05认为2ï¼?01è¯?0 è§?20??15å°??20??17äº??强å??????
A legacy in outstanding economic PRD HK ????caå±? ?? National
development
Source: Guangdong Bureau of Statistics, Wind
ç»??é«?º¦???Source: Guangzhou Bureau of Statistics, Wind
Subsequent to the early head start and rapid development,
The GBA has a legacy of being the first region to take off the region has been one of the most economically prolific
economically since the beginning of China?? economic areas in China. The total economç²?cæ¸?uæ¾?på¤?tæ¹?f??he??ä¸?A?½æ??©å??¾ä»¥?¥é?ä¸??æµ??
Grueafnogrdmon.gB-HenonegfitKinonggf-iMrsatcfaruoGmretahteermBiagyraAtrieoan??Wf eHllo-pnogisKedonfogr??success a7mounted to RMB10.2t in 2017??, b??oå¾?dl?? eäº?ué¦?vaæ¸?eï¼?t??o??12??.4??% æ¹¾å????ä¸??ä¼??
manufacturers and then those of Taiwan to Guangdong in of China?? GDP. With a total popuä½?a??io?? o?? 6??7.??1m??, oå¼? è¿?4.8é©?5%å¹?ä¸? ï¼??æ±??è§?´²ï¼?°¤
response to its favorable policy and low labor cost, the Pearl total population, the region is a ??elç»?tiæµ?el?? a??vï¼?n2c0edä¸?eçº?i8on0-in90年代ç»??å¢???¾è?
nji) Fig 4 The GBA, the YREB and Jingjinji are the three ALegacyinOutstandingEconomicDevelopment
were megacities in China
BRI in The GBA has a legacy of being the first region to take
cted to Figure 4 | The GBA, the YREB and Jingjinji are the three off economically since the beginning of China?? economic
national megacities in China reform. Benefiting first from the migration of Hong Kong??
nd manufacturers and then those of Taiwan to Guangdong
s in response to its favorable policy and low labor cost,
nd the Pearl River Delta, particularly the Shenzhen Special
urban Economic Zone, registered outstanding economic growth
g costs, in the 1980s and 1990s that was significantly ahead of the
These national average.
ivity
ders in Source: EY Subsequent to the early head start and rapid
development, the region has been one of the most
New Source: EY economically prolific areas in China. The total economic
s of the output of the GBA amounted to 10.2 trillion yuan in
ing hub FFiiggu5reT5hr|eTehmreeegamceitgieasciintiCeshiinnaChina 2017, broadly equivalent to 12.4% of China?? GDP. With a
rket, total population of 67.1m, or 4.85% of total population,
o the the region is a relatively advanced region in terms of
n total economic development, with GDP per capita at 2.5 times
n higher than the national average.
86 GBA Jingjinji YREB Nurturing Ground for Private, Outward
Facing Economy
Size (sq.km.) 56,148 214228 350840
Population (m) 68 112 222 The Factory of the World
GDP (RMB b) 9,138 8,256 19,532 ç»???¹é??¿æ?é¢?ince the early days, the region has been called ??he
Long-time leader inGDP per capita (RMB) 134,366 73,681 87,963
factory of the world?? for being a hub for export-oriented
Tertiary industry manufacturing. The China Import and Export Fair (Canton
economic reform(% of GDP)
65 58 52
ExportNote (% of GDP) 53 11 30
Hi-tech industryNote 32 18 24
(% of total VAI) Fig 6 GBA has been a driver for economic growth since the 1980s
The GBA is China?? most dynamic, open, market-oriented Figure 6 | GBA has been a driver for economic growth since
NNootet:eH:aoHnngdoKninognngoKvaoanndtigvMeaacraneugdaiorMene,axacccalucodoerdadrfinreogmetxoGcBalAundinTehedxepEforrcotoamnnodmGhiBi-stAetcshipniencdiuasltry the 1980s ?¹æ????æµ??人ã??2017å¹´ç????????¸?½ç?
Seoxuprcoer:rttNheaapetnoiPordent,aahlAriBl-utRCerihevcaiehnuraioDntfhedSaltutatastwitsinrtoiycr2sk0s1??7W2.hIanttthheedceovuenlotrpymceanntlepalarnn,ftrhoem Average Real G??P??r�w�h ???A China that works ?? What the
Sourceem: NpahatisoensaolfBthuereGaBuAoafrSettaotibsrtiincgs: %YoY
30 can learn from the Pearl river deltaï¼?2ï¼?²¤æ¸?
?? Further integration in both physical and regulatory ?ºæ?ä¸????æ´»è????å¼??¾ã????ºå?ç¨?º¦??é«???
infrastructures to connect the cities together and create a 20
big and unified market ?°å?????ºã??????è§??ä¸??粤港澳大湾å???
10
?¹æ?ï¼?
?? F??voWroarbldl-elealidvininggtecehnnvoilroogny manednfitnaanncdialpseurbvilciecsghoubosds 0 ?? è¿??æ¥æ?è¿??ä½??????ºç?设æ?建è?ä¸?ä½?
that attract talent from across the country and the rest -10 ???å¸??äº??äº?????????ä¸?大å??ºã??
of the?? woFtaarlvledonr.tafbrloemlivaincrgoessnvthireoncmouennttryanadndputhbelicregsotoodfstthheawt aotrtlrda.ct
-20 ?? ???????????ç§?????????¡ä¸å¿???
In our view, the plan is going to build on the region??
-30 ?? ?¥é???好ç???´»??¤¾ä¼??å¢??以å?å¼????
In ourrevmieawrk,atbhleesptrleanngtishsgaonidngacthoiebveuriledmoanrkathblee sreyngeiorgny??
remarkable strengths and achieve remarkable synergy. 1985 1990 1995 2000 ??20ä»?05认为2ï¼?01è¯?0 è§?20??15å°??20??17äº??强å??????
A legacy in outstanding economic PRD HK ????caå±? ?? National
development
Source: Guangdong Bureau of Statistics, Wind
ç»??é«?º¦???Source: Guangzhou Bureau of Statistics, Wind
Subsequent to the early head start and rapid development,
The GBA has a legacy of being the first region to take off the region has been one of the most economically prolific
economically since the beginning of China?? economic areas in China. The total economç²?cæ¸?uæ¾?på¤?tæ¹?f??he??ä¸?A?½æ??©å??¾ä»¥?¥é?ä¸??æµ??
Grueafnogrdmon.gB-HenonegfitKinonggf-iMrsatcfaruoGmretahteermBiagyraAtrieoan??Wf eHllo-pnogisKedonfogr??success a7mounted to RMB10.2t in 2017??, b??oå¾?dl?? eäº?ué¦?vaæ¸?eï¼?t??o??12??.4??% æ¹¾å????ä¸??ä¼??
manufacturers and then those of Taiwan to Guangdong in of China?? GDP. With a total popuä½?a??io?? o?? 6??7.??1m??, oå¼? è¿?4.8é©?5%å¹?ä¸? ï¼??æ±??è§?´²ï¼?°¤
response to its favorable policy and low labor cost, the Pearl total population, the region is a ??elç»?tiæµ?el?? a??vï¼?n2c0edä¸?eçº?i8on0-in90年代ç»??å¢???¾è?
