Multiple pillars for Nansha’s economy

The take-off of Guangzhou’s Nansha district is reflected not only in intuitive indexes such as GDP, fixed-asset investments and public revenue, but also in the rapid repeating upgrades of the district’s high-tech industries, which signifies a sustainable rising tendency in the future. 

Nansha Free Trade Zone is established under the national preferential policy. [Photo/gznsnews.com.cn]

Talents and enterprises were rapidly assembled due to the district’s exceptional advantages in geographic location and policies. Emerging industries undertook the pillar roles of the local economy.

In the first half of 2019, Nansha topped the list of the GDP’s growth rate in all districts of Guangzhou city. A total of 156 Fortune Global 500 enterprises are now driving forces of local economic development.

The automobile industry became the district’s first advanced manufacturing industry with a production value of over one hundred billion yuan ($14.1 billion).

Intelligent new powers in connected vehicles at home and abroad including Evergrande, GAC-NIO, DENSO, Linlux Electronics Ltd and Assemchip Group contributed their shares one after another.

As a leading port area in Guangzhou, Nansha Port Area accomplished 8.04 million TEU container throughput, a growth of 6.5 percent year on year.

A large number of automobiles are ready to export overseas after an inspection. [Photo/gznsnews.com.cn]

Throughput of commercial vehicles came up to 552,000 with a 17.16 percent year-on-year growth. DongFang Electric, Herrenknecht AG and 11 other leading enterprises have emerged as the backbones of the local heavy equipment manufacturing industry.

A glance of CSSC Guangzhou Longxue Shipbuilding Base. [Photo/gznsnews.com.cn]

Eleven shipbuilding enterprises flocked into Longxue Island—the biggest island in the Nansha district—and are producing 3.58 million deadweight tons of ship products per year, which has made the CSSC Guangzhou Longxue Shipbuilding Base one of the three major shipbuilding bases in China.

Nansha’s promising future is as easy to see as it is to expect!