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Greater Bay Area

Industrial investment in 5 cities in the Pearl River Delta increased by over 20% in the first 10 months, with "Made in Guangdong" pressing the accelerator button

2023-11-30   

At the turn of autumn and winter, the industry on both sides of the the Pearl River is surging, ushering in another peak of project construction and production. In Guangzhou, the Rongjie Energy Nansha project with an annual output value of 35 billion yuan was put into operation on November 28th, adding a new billion level energy storage project to the Pearl River Delta; In Foshan, as one of the core starting areas of the Fobei War New Industrial Park, the Datong Lake High end Medical Device Industrial Park has recently been officially unveiled, with four major projects and three major platforms settling in; In Dongguan, the vivo Smart Terminal Headquarters project successfully acquired land with a total investment of 5 billion yuan; In Huizhou, South Asia Electronics, a foreign-funded enterprise that has been deeply involved in Boluo for many years, has launched a capital increase and production expansion project with a total investment of 4.42 billion yuan. With the arrival of batches of high-quality industrial projects, the construction of world-class industrial clusters and the promotion of economic growth in the Pearl River Delta are accumulating stronger momentum. As of November 29th, all 9 cities in the Pearl River Delta have released their economic data for January to October. Through data, it can be seen that there are many highlights in industrial production, investment attraction, and project investment in various regions. In terms of the growth rate of industrial added value above designated size, six cities including Foshan and Jiangmen outperformed the whole province and the country, while several cities such as Shenzhen and Huizhou outperformed the first three quarters. To compete in the economy, stable investment is necessary. The construction of major projects in 9 cities in the Pearl River Delta is accelerating, and key provincial and municipal projects have completed investments exceeding 1 trillion yuan, accelerating the further advancement of Guangdong's manufacturing industry. Especially in terms of industrial investment growth rate, Shenzhen, Zhongshan and other five cities have grown by more than 20%, while Dongguan and Zhaoqing have increased compared to the previous three quarters. Various regions are competing to add momentum to Guangdong's high-quality development. Stability and progress?? The industrial growth rate of 6 cities is higher than that of Foshan in China, continuing to lead the Pearl River Delta. As a globally renowned manufacturing hub, the Pearl River Delta is known as the "world's factory". To measure the economic temperature of the Pearl River Delta, industry is the most important scale. According to the data released by the statistical bureaus of various cities, although the growth rate of industrial added value in the nine cities of the Pearl River Delta from January to October varied, six of them had a higher growth rate than the province (3.6%) and the whole country (4.1%), and the growth rate of several cities such as Shenzhen, Foshan, Huizhou, Jiangmen, and Zhaoqing was higher than the first three quarters. The overall recovery and steady progress of industrial production confirm the industrial resilience of the Pearl River Delta. Leading the way is the manufacturing city of Foshan, where the added value of large-scale industries reached 511.504 billion yuan, an increase of 6.4%, which is 0.1 percentage points higher than the first three quarters, and also continues to lead the Pearl River Delta. Why is Foshan's industry under such pressure in the face of a severe and complex external environment? From the data performance, Foshan's efforts to focus on both traditional and emerging industries are indispensable. Among the top ten industries in terms of total industrial added value in Foshan, the rubber and plastic products industry, electrical machinery and equipment manufacturing industry, specialized equipment manufacturing industry, power and heat production and supply industry, and textile industry have all achieved rapid growth, with growth rates of 14%, 12.4%, 9.5%, 9.3%, and 6.8%, respectively. In addition, the added value of advanced manufacturing increased by 6.9%, which is 0.5 percentage points higher than the average level of large-scale industries. Among them, advanced light textile manufacturing and new material manufacturing both maintained high growth rates, with growth rates of 9.8% and 13.4%, respectively. The growth rate of added value in large-scale industries closely follows

Edit:Hu Sen Ming Responsible editor:Li Xi

Source:GD TODAY

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