Page 15 - 2021 Special Report

uangzhou Huangpu, located on the upper end of
the Pearl River Delta and at the heart
of the Greater Bay Area, is often referred to as the lustrous pearl on top of
the Pearl River. It is one of 11 districts of Guangzhou, yet the most important
in industrial output. Huangpu generates 48% of the overall industrial GDP of
Guangzhou and 78% of the Hi-tech GDP.
The district started out under the name ??uangzhou Development
District?? 36 years ago, as one of the first batch of development districts in
China, on a plot just 9.6 km2 large and with an initial investment of 20,000
RMB. Today it sprawls over an area 50 times larger, covering an area of 484
km2, that includes the Huangpu port area in the east, Science City in the center,
Guangzhou Sino-Singapore Knowledge City in the North, and Bio-Island in the
south close to Guangzhou?? downtown. Huangpu?? revenue too has risen
many folds, with a GDP now standing at over 350 billion RMB in 2019.
From its very inception Guangzhou Development District attracted numerous
international companies and has now the largest concentration of foreign direct
investment in Southern China. More than 3,600 foreign invested companies call
Huangpu their 2nd home, including close to 200 Fortune 500 companies. Among the
largest and most successful examples are many American companies, such as Procter
& Gamble, Coca Cola, and General Electrics.
Huangpu is to Guangzhou what Pudong is to Shanghai - a very modern
and highly developed business district that is fully integrated with the city
center. There are six metro lines and many roads and highways that connect
Huangpu not just to downtown but to all the parts of the Greater Bay Area.
The Guangzhou Baiyun Airport can be reached within half an hour, and
Shenzhen?? Bao??n airport is only an hour drive away. Huangpu is not just an
industrial district but has also very livable residential areas, that are attractive ç¬? ä¸????è´? ç¨? ?? ?? ?¥ã??? ?? ?? ?°ã??? ?? ?? å¢???? è¯? äº? ?? ä¿? ?¤ã??
to both the local and international community. In fact, 80% of the international
schools of Guangzhou, such as the renowned Guangzhou American
International School, are based in Huangpu.
In recent years Huangpu has gone through massive upgrading and
rejuvenation. In its wake it has established a strong focus on modern industries
such as new generation IT (ICT), artificial intelligence, biomedicine, new energy
and new materials. A shining example for successful ICT development in
Huangpu is LG, which is with more than 10 billion USD the largest foreign
investor in Huangpu so far. LG?? plant is the largest outside Korea and
produces state of the art OLED screens.
Biomedicine too has rapidly developed. In 2017, in cooperation with
General Electric Lifesciences (now CYTIVA) Huangpu set up the Guangzhou
Bio-Park in the north of Sino-Singapore Knowledge city. Since then the park
has attracted many important international and national players, such as
Lonza, BeiGene and Akesobio. This development combined with the goal to
provide better cancer treatment for patients, led to a noteworthy international
recognition: in 2019 Guangzhou Huangpu won the international investment
award for sustainable investment bestowed by the United Nations in Geneva.
Huangpu is the first district in China to receive such award.
Local companies alike grow and thrive in Huangpu and become
more and more international. Over 60 local companies are stock-listed on
exchanges around the world. Recent examples include XPENG, a new energy
vehicle company, Burning Rock a LiveScience company, and Ehang, a China
unicorn that produces drones.
Guangzhou Huangpu embodies all the aspects that make the Greater
Bay Area so successful. It combines a pleasant living environment with
a dynamic business environment, fast-pace entrepreneurial spirit with
sophisticated understatement. Among the four first tier cities it is the most
cost competitive and yet attracts national and international talent through its
Cantonese charm and inclusiveness.When can we welcome you in Huangpu?
Guangzhou
Huangpu
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