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Huangpu emerges as industrial powerhouse

Updated : 2023-10-31

Over the last five years, Guangzhou's Huangpu district has propelled its eight industrial clusters to surpass 1 trillion yuan ($137 billion) in value. 

In 2022, the combined output value of Huangpu's eight pillar industries reached 862.34 billion yuan, reflecting a growth of over 30 percent. 

Over the last five years, Huangpu secured more than 900 investment project contracts, attracting giants like GE, LG Display, and Hyundai Motors. The district was also awarded national honors for its efforts in investment promotion, demonstrating its proactive role in emerging industries.

By integrating technology and industrial chains, the district has significantly improved its core technological capabilities. This has also resulted in the incubation of various tech firms. 

Taking Guangdong Hongxin Semiconductor as a forerunner, Huangpu has introduced numerous integrated circuit enterprises, establishing itself as the "Third Pole" in the domestic semiconductor industry. 

The district realized parallel development between traditional and new energy vehicle sectors. It has invited carmakers like XPeng and Hyundai to invest in Huangpu. The establishment of the New Energy Demonstration Zone helped promote green energy, which in turn boosted the district's green transformation. 

In the new materials industry, the projects led by academician teams organized by the district aim to cluster large-scale industrial enterprises together. The beauty and healthcare industry flourished with a scale reaching 800 billion yuan, clustering industry giants like Procter & Gamble and Amway. 

The high-end manufacturing industry, in particular the smart equipment industry, has developed a full industrial chain. The biotechnology sector is leading the entire chain, with Baiji Biopharmaceuticals emerging as a frontrunner in the field.

Chen Feng, an associate researcher at the Guangzhou Academy of Social Sciences, believes that Huangpu has showcased remarkable achievements in the manufacturing and emerging industries. He emphasized the need for intensified cooperation within the Guangdong-Hong Kong-Macao Greater Bay Area, advocating for smart manufacturing and the expansion of productive services. 

Huangpu's continuous growth has made significant contributions to the prosperity of Guangzhou and the Greater Bay Area, setting a benchmark for China's real economy, Chen added.

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