Guangdong province has 21 districts on the 2023 list of China’s top 100 industrial areas. While this puts it neck and neck with Jiangsu in terms of the total number of entries, Guangdong dominates the top 10 with 6 entries compared to Jiangsu’s 4.
The list was revealed at the County Industrial Economic Development Forum, held in Shenzhen last week.
In first place was Shenzhen’s Longgang district. This was followed by Guangzhou’s Huangpu district, Foshan’s Shunde district, as well as Shenzhen’s Nanshan and Bao’an districts, which were in fourth and fifth place respectively.
The Pearl River Delta region did exceedingly well, with 18 out of the top 50 districts located there.
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Guangdong is home to more than 50,000 major industrial businesses. Moreover, industrial investment in the Pearl River Delta area continues to exceed national figures, with five cities in the region seeing investment growth of over 20 percent in the first ten months of this year, according to figures reported by Chinese media.
Despite its success, some analysts warn of speedbumps to Guangdong’s further industrial development, including red tape and competition from countries with lower wages.
The annual list is compiled by the China Academy of Information and Communications Technology, a Chinese state-owned think tank that conducts research into technology and the economy.
