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On January 28, 2023, the Guangdong High-
Quality Development Conference was held in
Guangzhou, which was participated by more than
1,000 government officials and businessmen.
Huang Kunming, the Guangdong Communist
Party Chief made a speech on the conference,
three months after being appointed as the top
dog of Guangdong in October 2022.
As the name of the conference suggests, the
key subject of the conference is the “high-
quality development” of Guangdong in the years
to come. According to Huang, the “crisis” of
Guangdong’s economy comes from the lack
of high-quality development, and the
“opportunity” can only be firmly grasped by
high-quality development.
GWFuoaarncltgdod’rsoyng Guangdong has long served as China’s southern
powerhouse but in recent years, Guangdong’s
advantage over other cities such as Suzhou
and Chongqing is fading, and it’s impossible to
continue competing on land, price, and labor for
continuous growth. High-quality development is
the only way for Guangdong to overcome its risks
and consolidate its “world factory” status.
To better understand the message delivered at
the conference, we will look into why Guangdong
can become a “world factory” in the past, the
increasingly prominent risks Guangdong faced,
and Guangdong’s proposed solutions.
Why can Guangdong grow to be
the “world’s factory”?
Many wonder why this region and the country
have gained this status. There are reasons that
are common throughout the whole country, but
in Guangdong, they are especially preeminent
and naturally, foreign investors are attracted to
the region, due in part to its historical ties in trade
with foreign powers.
So, as a summary, the main reasons for this
moniker as the
world’s factory were
due to China and
Guangdong’s:
GUANGDONG
AS THE WORLD’S FACTORY:
CHALLENGES, OPPORTUNITIES,
AND FUTURE PROSPECTS
By Guilherme Campos, China Briefing
3 AMCHAM SOUTH CHINA
On January 28, 2023, the Guangdong High-
Quality Development Conference was held in
Guangzhou, which was participated by more than
1,000 government officials and businessmen.
Huang Kunming, the Guangdong Communist
Party Chief made a speech on the conference,
three months after being appointed as the top
dog of Guangdong in October 2022.
As the name of the conference suggests, the
key subject of the conference is the “high-
quality development” of Guangdong in the years
to come. According to Huang, the “crisis” of
Guangdong’s economy comes from the lack
of high-quality development, and the
“opportunity” can only be firmly grasped by
high-quality development.
GWFuoaarncltgdod’rsoyng Guangdong has long served as China’s southern
powerhouse but in recent years, Guangdong’s
advantage over other cities such as Suzhou
and Chongqing is fading, and it’s impossible to
continue competing on land, price, and labor for
continuous growth. High-quality development is
the only way for Guangdong to overcome its risks
and consolidate its “world factory” status.
To better understand the message delivered at
the conference, we will look into why Guangdong
can become a “world factory” in the past, the
increasingly prominent risks Guangdong faced,
and Guangdong’s proposed solutions.
Why can Guangdong grow to be
the “world’s factory”?
Many wonder why this region and the country
have gained this status. There are reasons that
are common throughout the whole country, but
in Guangdong, they are especially preeminent
and naturally, foreign investors are attracted to
the region, due in part to its historical ties in trade
with foreign powers.
So, as a summary, the main reasons for this
moniker as the
world’s factory were
due to China and
Guangdong’s:
GUANGDONG
AS THE WORLD’S FACTORY:
CHALLENGES, OPPORTUNITIES,
AND FUTURE PROSPECTS
By Guilherme Campos, China Briefing
3 AMCHAM SOUTH CHINA
