Page 88 - 2019 White Paper on the Business Environment in China

9 White Paper on the Business Environment in China

Fig 7 Hong Kong, Shenzhen and Guangzhou are leaders in Fair) in Guangzhou, now in its 124th session, has been
tFhigeuGreBA7b| yHsoinzegoKfoGnDg,PShenzhen and Guangzhou are Figaurwe i8nd| GoDwPfpoerrCchaipnitaa’sinexthpeorGtBsAsiinscwee1ll9a5b7o.veInn2at0i1on7a, lthe

leaders in the GBA by size of GDP nine GBaAvecraitgieeseivnenGiufaHnogndgoKnogngcoanntdinMuaecdautoaraecceoxculnutdefodr
26% of China’s total exteGrDnPalpterracdaepi,taalong with 17.9% of
Gross Domestic Product foreign dirMecatcaiunvestment and nearly 15% of outbound
direct iHnovnegsKtomngent. Specifically, merchandize exports
012 34 567 8 9 10 alone isSeheqnuzihveanlent to as much as 53% of the region’s
Hong Kong %YoY GDP, thGrueaengtzihmoues above China’s national average, and
significantFlZyohsuhhhiaganiher than the YREB and Jingjinji.
Shenzhen

Guangzhou

Foshan

Dongguan Zhongshan

Huizhou EmphDoansgisguoann Entrepreneurship and the Private Sector

Zhongshan Huizhou

Jiangmen MeanJwiahngilme,etnhe share of the private sector in fixed asset

Zhuhai inNveusrtmtueZhnrationiqsignaglgsorohiughnedr infothrepGrBivA,aetsep,ecoiaulltywwahernd facing ec

Macau foreign invesGtmBAent is also included. The combined share
GBAisecxl.oHsKeatnod9M0a%cauin cities that are notable production hubs
Zhaoqing RMB b Emphas
0 500 1,000 1,500 2,000 2,500 suTchheafsaFcoNtosahtriyoannoa,lfZthhoengwsohraldn and Dongguan. The shRaMreB of
41122335450555050000000000000,,,,,,,,,,0000000000000000000000000000000
Nominal GDP Real GDP growth stSaitnec-eotwheneedarelyndtaeyrps,ritsheesre(SgOioEnsh) aiss mbeuecnhcalollwede“r,thaet 21.2% sector
cofamctpoaryreodf ttohethweornlda”tifoonrableainvgeraaghuebafto3r5e.x7p%o.rtO-ofrtiehnetemdore Meanwhil

Note: As of 2017 thmaannu1f0a0ctguriainngt. STOheECs hcionantImroplloerdt adnidreEcxtplyorbtyFatihr e(CCanetnotnral investme
investme
SNoourtcee::AGusaongf d2o0n1g7Bureau of Statistics, Wind Note: As of 2016
Source: Guangdong Bureau of Statistics,
SouGrcFoea:viGreu)arinnngmdGouneagnnBtgu,rzeohaunouolyf,Sntfaootwiustriicnsa,iWrtesin1db2a4stehdseisnsitohne, hraesgbioeenn. aThis
rewflinedcotswafnoreCchoinnao’ms eixcpeonrtvsirsoinncme e1n9t57th. aInt 2w0a1s7h, itshteonriicnaelly to 90% in
dCGrihvBeiAnnac’mistiteoosrteainlbeGyxuetaennrtngraedlpotrnreagndceeo,unartsliohnnuipgedtwhtiatohna1sc7tcao.t9ue%nitnofifotfiraot2riev6ieg%sno. dfirect Foshan, Z
enterpris

Fig 8 GDP per capita in the GBA is well above national investment and nearly 15% of outbound direct investment. national a
Faivgeurraeg8e e| vGeDnPifpHeorncgapKiotanginatnhde MGBaAcaiosawreelel xacblouvdeednational
Specifically, merchandize exports alone is equivalent to as controlled
average even if Hong Kong and Macau are excluded
re much as 53% of the region’s GDP, three times above China’s based in t
10
%YoY national average, and significantly higher than the YREB and that was

RMB b GDP per capita Jingjinji. state initi
2,500
h Macau FFiiggu9reEc9o|nEocmonyoomf tyheofGtBhAe iGs BhAeaivsilhyeeaxvpiolyrte-xoprioerntt-eodriented Figure 11
Hong Kong
Shenzhen RMB Export
Guangzhou
Dongguan
Zhuhai Shenzhen
Foshan
Zhongshan Zhuhai
Dongguan Zhongshan
Huizhou
Jiangmen Huizhou
Zhaoqing Jiangmen

GBA Foshan
GBA ex. HK and Macau Guangzhou

National Zhaoqing
GBA ex. HK and Macau
41122335450055055000000000000,,,,,,,,,,0000000000000000000000000000000
National
0 10 20 30 40 50 60 70 80 90 100
% of GDP

Note: As of 2016 Note: Domestic exports for Hong Kong, as of 2017
SNSoooutuerc:reAc:seGo:ufGa2nu0ga1d6onnggdBourneaguBofuSrteaatisuticosf, WStinadtistics, Wind
NSooutrcee::DGuoamngedsotnigcBeuxrpeaourotfsSftoatrisHticosn, WginKdong, as of 2017
Source: Guangdong Bureau of Statistics, Wind

Figure 10 | Zhuhai and Dongguan are major recipients of GBA ex. HK
foreign investment

Foreign direct investment

Guangdong-Hong KonZgh-Muhacaai u Greater Bay Area – Well-poised for success 9
Dongguan

Shenzhen

Huizhou Note: Foreig

Guangzhou Source: Gua

88 Jiangmen

Zhaoqing