| The Pearl River Delta (PRD) Economic Zone is Guangdong’s economic hub, accounting for 80% of its GDP. This economic zone is closest to Hong Kong and Macau, and covers cities like Guangzhou, Shenzhen, Zhuhai, Foshan, Jiangmen and Donguan.
PRD has a strong private sector. Production by private sector (non-state-owned and non-state-holding enterprises) accounted for 83% of province's total industrial output which excels in manufacturing and assembly of light consumer goods. In recent years, Guangdong's is moving towards heavy, new and high technology industries. FIEs are also playing an important role in this region where they account for about 65% of the gross industrial output and 64% of exports.
Major products include electrical appliances such as television sets, electrical fans and refrigerators, and other consumer products like garments, bicycles, toys, shoes and electronics. Exports of most of these products rank the highest in China.
Guangdong is the largest consumer base in China, partly rising income levels and lots of tourists. |