May-04
Pearl River Delta emerging
as China's leading export hub
The Pearl River Delta (PRD) in South China is home to 48 million people
and comprises eight major cities: Guangzhou, Shenzhen, Zhuhai, Dongguang,
Zhongshan, Foshan, Huizhou and Jiangmen.
A massive manufacturing hub, the PRD will be churning out US$300
billion worth of electronic products, toys, garments, textiles and
other goods annually by 2005. 55% of this value will be exported,
mainly through Shenzhen's ports of Yantian and Shekou.
Guangzhou and Shenzhen now account for more than 50% of Guangdong's
economy. However, Zhongshan, Zhuhai, and Foshan in the Western PRD,
along with Dongguan and Shenzhen in the Eastern PRD have the strongest
future growth dynamics. Zhongshan's export CAGR for 2001-2005 is projected
at 27%, while Shenzhen's exports are expected to increase at 18% and
Guangzhou's at just 9%.
Toys, electrical/electronic goods, building materials, furniture,
and chemicals have the fastest anticipated output growth, all forecast
at over 17% a year. Much of this output will be fueled by foreign-invested
entities, with foreign direct investment anticipated to exceed US$300
billion by 2005, which contribution will help to make the PRD China's
leading export hub.
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About Fusion Consulting
Fusion Consulting is a business intelligence consultancy providing
strategic advice on Asia-Pacific markets. With offices in Shanghai,
Singapore and Hong Kong, and a network of 400 freelance industry consultants in 16 countries, the company conducts custom research and consulting
to help clients understand their markets, compete more effectively
and grow into new areas of opportunity. www.fusionc.com
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