Page 62 - 2020 Special Report on the State of Business in South China
P. 62
Hainan Macau
3% 2%
Guangxi
11%
Fig 3 GDP bFyipgro3viGncDePanbdyrepgrioonviinnScHeouoatnhngCdKhorinneaggion in South China
13%
GDP
Hainan Macau Guangdong
3% 2% 52%
Guangxi Fujian
11% 19%
Hong Kong
Source: Wind 13%
Forerunners in China’s Economic Reform tGoutah5ne2g%dteocnghnology and financial centers in
The coastal region of South China is now home
China, as it benefits from being at the forefront of China’s economic reforms. Shenzhen,
Shantou and Zhuhai in Guangdong and Xiamen in Fujian were designated the first four
special economFicujizaonnes since the opening up policy began in 1978. With the support of
significant capita1l9i%nvestments from the Chinese diaspora that originated in areas such as
Taishan, Macau, Hong Kong, Chaozhou, Xiamen and Fuzhou, the regions established
Source: Wind quiScokulyrcteo: bWeincdome an external facing manufacturing hub since the 1980s. In the decades
that followed, the provinces have also successfully moved up from production of labor-
Forerunners iinnteCnhsivnea’lsigEhtc-ionndoumstriyc pRreofdourcmts and processing trade to higher value-added products such
The coastal reagsiomnoobfilSeopuhthonCehsinaandisthneowsehrovmicee itnodtuhsetrtiecsh. nology and financial centers in
China, as it benefits from being at the forefront of China’s economic reforms. Shenzhen,
Shantou anFdigZFih4gu4DhaiDviievinerrsGseeusattrnruugcdtcutoruenrgaemaaonnmdgoXthnieagmectehonneoimencieFosunijnioatmnheiwereesgriieonndtehseigrneagtieodnthe first four
special economic zones since the opening up policy began in 1978. With the support of
sTaigisnhifiacna,nMt caacpaiuta, lHinovnegstKmoenngt,sCfrhoamozthhoeuC, hXiinaemseendaiansdGpDoFPruazbthyhoianutd,outrhsigteriynreagteiodnisn areas such as
established
quickly to become a10n0external facing manufacturing hub since the 1980s. In the decades
that followed, the pro90vinces have also successfully moved up from production of labor-
intensive light-indust8r0y products and processing trade to higher value-added products such
as mobile phones an70d the service industries.
% of economy
60
Fig 4 Diverse structure5a0mong the economies in the region
40
30 GDP by industry
100 20
90 10
80 0 Guangdong Fujian Hong Kong Guangxi Hainan Macau
% of economy 70
60 Primary Secondary Tertiery
50
40 NSoouteNr:ceAo:stWoeifn:2d0A1s8 eoxcfe2pt0201187 foer Mxacceapu t 2017 for Macau
30 Source: Wind
20
10
0 Fujian Hong Kong Guangxi Hainan Macau
Guangdong
Primary Secondary Tertiery
Note: As of 2018 except 2017 for Macau
Source: Wind
62
3% 2%
Guangxi
11%
Fig 3 GDP bFyipgro3viGncDePanbdyrepgrioonviinnScHeouoatnhngCdKhorinneaggion in South China
13%
GDP
Hainan Macau Guangdong
3% 2% 52%
Guangxi Fujian
11% 19%
Hong Kong
Source: Wind 13%
Forerunners in China’s Economic Reform tGoutah5ne2g%dteocnghnology and financial centers in
The coastal region of South China is now home
China, as it benefits from being at the forefront of China’s economic reforms. Shenzhen,
Shantou and Zhuhai in Guangdong and Xiamen in Fujian were designated the first four
special economFicujizaonnes since the opening up policy began in 1978. With the support of
significant capita1l9i%nvestments from the Chinese diaspora that originated in areas such as
Taishan, Macau, Hong Kong, Chaozhou, Xiamen and Fuzhou, the regions established
Source: Wind quiScokulyrcteo: bWeincdome an external facing manufacturing hub since the 1980s. In the decades
that followed, the provinces have also successfully moved up from production of labor-
Forerunners iinnteCnhsivnea’lsigEhtc-ionndoumstriyc pRreofdourcmts and processing trade to higher value-added products such
The coastal reagsiomnoobfilSeopuhthonCehsinaandisthneowsehrovmicee itnodtuhsetrtiecsh. nology and financial centers in
China, as it benefits from being at the forefront of China’s economic reforms. Shenzhen,
Shantou anFdigZFih4gu4DhaiDviievinerrsGseeusattrnruugcdtcutoruenrgaemaaonnmdgoXthnieagmectehonneoimencieFosunijnioatmnheiwereesgriieonndtehseigrneagtieodnthe first four
special economic zones since the opening up policy began in 1978. With the support of
sTaigisnhifiacna,nMt caacpaiuta, lHinovnegstKmoenngt,sCfrhoamozthhoeuC, hXiinaemseendaiansdGpDoFPruazbthyhoianutd,outrhsigteriynreagteiodnisn areas such as
established
quickly to become a10n0external facing manufacturing hub since the 1980s. In the decades
that followed, the pro90vinces have also successfully moved up from production of labor-
intensive light-indust8r0y products and processing trade to higher value-added products such
as mobile phones an70d the service industries.
% of economy
60
Fig 4 Diverse structure5a0mong the economies in the region
40
30 GDP by industry
100 20
90 10
80 0 Guangdong Fujian Hong Kong Guangxi Hainan Macau
% of economy 70
60 Primary Secondary Tertiery
50
40 NSoouteNr:ceAo:stWoeifn:2d0A1s8 eoxcfe2pt0201187 foer Mxacceapu t 2017 for Macau
30 Source: Wind
20
10
0 Fujian Hong Kong Guangxi Hainan Macau
Guangdong
Primary Secondary Tertiery
Note: As of 2018 except 2017 for Macau
Source: Wind
62
