Foreign trade continues to grow?
Posted: Tue Jan 21, 2025 10:15 am
In 2024, Guangdong's GDP is expected to reach a new level of 14 trillion yuan, ranking first in the country for 36 consecutive years. This is the first province in China to exceed 14 trillion yuan in economic output.
In 2024, the added value of Guangdong's industrial enterprises above designated size increased by 4.2%, and there were about 74,000 industrial enterprises above designated size. Industrial investment exceeded 1.5 trillion yuan, an increase of 6.7%, and technical transformation investment increased by 11.5%, maintaining double-digit growth for 24 consecutive months. The manufacturing industry has a stronger foundation, and many new fields and new tracks have established first-mover advantages.
In 2024, the added value of Guangdong's advanced manufacturing and high-tech manufacturing industries accounted for 56.7% and 31.6% of the industrial enterprises above designated size, respectively. The output of new energy vehicles increased by 43%, the output of industrial robots increased by 31.2%, the output of smartphones increased by 12.5%, and the output of integrated circuits increased by 21%.
Guangdong focuses on promoting the mutual promotion of industry and technology. It is estimated that in 2024, the province's R&D expenditure will be about 510 billion yuan, the R&D investment intensity will be mexico telegram number database about 3.6%, and there will be about 77,000 high-tech enterprises.
As a major foreign trade province, Guangdong's total import and export volume exceeded 9 trillion yuan in 2024, an increase of 9.8%, ranking first in the country for 39 consecutive years. At the same time, the net increase in business entities was 980,000, exceeding 19 million, of which more than 8.3 million were enterprises, ranking first in the country in terms of total volume.
(Source: Xinhua News Agency New Media)
1. Factors contributing to Guangdong’s success in foreign trade
1. Superior geographical location and policy advantages: Guangdong is located on the southern coast of China, adjacent to Hong Kong and Macao, and facing Southeast Asia. It is the forefront of China's opening up to the outside world. Since the reform and opening up, the state has granted Guangdong a series of special policies, such as the establishment of special economic zones and the opening of coastal cities, which have attracted a large number of foreign-funded enterprises to settle in. These policies not only brought advanced technology and management experience, but also opened up broad international market channels for Guangdong, laying a solid foundation for the development of foreign trade.
2. Perfect industrial system and industrial clusters: Guangdong actively undertakes international industrial transfer, starting from the early "three-in-one" processing trade, and gradually built a perfect export-oriented economic system covering many fields such as electronic information, home appliances, clothing, toys, furniture, etc. Many industries are gathered in specific areas, forming industrial clusters with strong competitiveness, such as the electronic information industry cluster in Shenzhen and the home appliance industry cluster in Foshan. The formation of industrial clusters has promoted the coordinated development of upstream and downstream enterprises in the industrial chain, improved production efficiency, and reduced production costs.
In 2024, the added value of Guangdong's industrial enterprises above designated size increased by 4.2%, and there were about 74,000 industrial enterprises above designated size. Industrial investment exceeded 1.5 trillion yuan, an increase of 6.7%, and technical transformation investment increased by 11.5%, maintaining double-digit growth for 24 consecutive months. The manufacturing industry has a stronger foundation, and many new fields and new tracks have established first-mover advantages.
In 2024, the added value of Guangdong's advanced manufacturing and high-tech manufacturing industries accounted for 56.7% and 31.6% of the industrial enterprises above designated size, respectively. The output of new energy vehicles increased by 43%, the output of industrial robots increased by 31.2%, the output of smartphones increased by 12.5%, and the output of integrated circuits increased by 21%.
Guangdong focuses on promoting the mutual promotion of industry and technology. It is estimated that in 2024, the province's R&D expenditure will be about 510 billion yuan, the R&D investment intensity will be mexico telegram number database about 3.6%, and there will be about 77,000 high-tech enterprises.
As a major foreign trade province, Guangdong's total import and export volume exceeded 9 trillion yuan in 2024, an increase of 9.8%, ranking first in the country for 39 consecutive years. At the same time, the net increase in business entities was 980,000, exceeding 19 million, of which more than 8.3 million were enterprises, ranking first in the country in terms of total volume.
(Source: Xinhua News Agency New Media)
1. Factors contributing to Guangdong’s success in foreign trade
1. Superior geographical location and policy advantages: Guangdong is located on the southern coast of China, adjacent to Hong Kong and Macao, and facing Southeast Asia. It is the forefront of China's opening up to the outside world. Since the reform and opening up, the state has granted Guangdong a series of special policies, such as the establishment of special economic zones and the opening of coastal cities, which have attracted a large number of foreign-funded enterprises to settle in. These policies not only brought advanced technology and management experience, but also opened up broad international market channels for Guangdong, laying a solid foundation for the development of foreign trade.
2. Perfect industrial system and industrial clusters: Guangdong actively undertakes international industrial transfer, starting from the early "three-in-one" processing trade, and gradually built a perfect export-oriented economic system covering many fields such as electronic information, home appliances, clothing, toys, furniture, etc. Many industries are gathered in specific areas, forming industrial clusters with strong competitiveness, such as the electronic information industry cluster in Shenzhen and the home appliance industry cluster in Foshan. The formation of industrial clusters has promoted the coordinated development of upstream and downstream enterprises in the industrial chain, improved production efficiency, and reduced production costs.