StrictlyconfidentialMacroReportGuangdongprovinceDraft05-20032MacroeconomicsummaryGuangdongprovincehasthelargestabsoluteGDPandsecondhighestpercapitaGDPinChina.With85millionpeopleintheprovince,itisalsooneofthemostpopulatedprovinces.However,wealthisnotevenlydistributedandmostofthecitiesinGuangdongremainrelativelypoorintermsofpercapitadisposableincomecomparedwiththeaffluentGuangzhou,ShenzhenandZhuhaiareas,whichcomprise66%ofthetotalGDPbutonly38%ofthetotalpopulation.Populationintheaffluentareaswillcontinuetoriseaspeoplemigratetherefromboththelessdevelopedcitieswithintheprovinceandneighbouringprovinces.Thetransportinfrastructureiswelldevelopedwithrail,highwayandairports,andproximitytoHongKong.Guangdongprovince’seconomicbaseisfocusedonthePearlRiverdeltaandShantou,andtheseareasformthemostdevelopedmarketforconsumergoodsmanufacturers.3KeyMunicipalitiesCounty/CityArea(Km2)Guangzhou27,434Jieyang45,241Foshan43,814Chaozhou23,614Dongguan2,465Shantou32,064Shenzhen1,949Zhongshan1,800Zhuhai1,640--------------------------------------------------------------KeyTotal1530,021ProvinceTotal76179,838Key/Province17%PoliticalgeographyGuangzhouDongguanFoshanZhongshanShenzhenShantouChaozhouJieyang21municipalities21municipalitiesGuangdongprovincehas21municipalities.Itspoliticalandeconomicpowercentreisconcentratedinninekeymunicipalities,sixclusteredaroundthePearlRiverdeltaandthreeclusteredaroundShantou.ZhuhaiHongKongPearlRiverDeltaShantouCluster4DemographicsPopulationisconcentratedlargelyinthecentralandeasternpartsoftheprovince;morethanhalfofthepopulationliveintheurbanareasandcities.CentralareaEasternareaNote:Sizeofthecirclerepresentsthepopulationsize.Largercirclemeansbiggerpopulationsize.PearlRiverDeltaPopulationperKm2>2000500-1000<5001000-2000KeyMunicipalitiesUrban/townRuralTotal(inthousands,year2001)Guangzhou8,0911,8519,942Shenzhen6,4795287,009Dongguan3,8702,5766,446Foshan4,0071,3315,338Zhongshan1,4349292,363Zhuhai1,0561791,235Jieyang1,9873,2525,237Shantou3,1311,5424,671Chaozhou1,0421,3602,402-------------------------------------------------------------------------------Keymunicipalitiestotal44,643Provincetotal85,224Populationconcentration•Centralarea:38%ofthetotalpopulation•Easternarea:14%ofthetotalpopulation5GDPandgrowthrateGuangdongaccountsforover10%ofthecountry’stotalGDPandisoneoftherichestprovincesinpercapitaGDP,butthegrowthratesinbothGDPandpercapitaGDPhavenotbeenstablemainlyduetotheAsianfinancialcrisisinthe90’sandexposuretothetelecoms/ITindustry1998199920002001GuangdongFujianJiangsuZhejiang14%10%5%10%7%7%199920002001GDPGrowthratePercapitaGDPGrowthRateGrowthRatesTotalGDP(Rmbinbillion)PerCapitaGDPRmb11,14311,72812,88513,730GuangdongProvince•RankedfirstinabsoluteGDPamongstallprovinces*•Ranked5thinpercapitaGDP•RelativelyhighergrowthintotalandpercapitaGDP•GrowthhitbyAsianfinancialcrisis(muchinvestmentfromHongKong)andTelecomsboom-bust7928469661065*IncludingShanghai,Beijing,TianjinandChongqing6IndustrialTransport,storage,postandtelecommunicationsWholesaleandretail,trade,cateringservicesPrimaryindustry(agriculture)SocialservicesTop5sector62100104107473GDPgrowthrate200123%0%8%16%11%GDPbysectorGDPSizeGrowthRate•IndustrialTop11%•Socialservices5th23%(Unit:Rmbinbillion)Guangdongishighlyindustrializedwithagrowingindustrialsector,whileitsprimaryindustryislosingrelativeimportancetooverallGDP.Thelo...
