Nansha takes a huge leap forward in 2020

Guangzhou's Nansha district has been ranked 12th out of 218 national economic development zones in 2020 - four places higher than in 2019 - officials from the Ministry of Commerce announced at a press conference on Jan 27. 

Nansha's actual use of foreign capital soared 91.2 percent year-on-year to $1.86 billion in 2019, ranking fourth among all national economic development zones. Meanwhile, the district's total import and export volume hit 213.78 billion yuan ($32.97 billion), a year-on-year increase of 3.4 percent, ranking fifth countrywide.

In the past year, Nansha's overall import and export value reached 226.54 billion yuan, a year-on-year increase of 6 percent. 

Its container throughput for the year was 17.22 million twenty-foot equivalent units (TEUs), an increase of 2.7 percent. The throughput of commercial vehicles was 1.16 million, ranking second in China.

The first cross-border public distribution center in China has been put into operation in Nansha and the bonded import value of cross-border e-commerce online shopping was 17.6 billion yuan, increasing by over 30 percent year-on-year.

Nansha leased and imported 19 new aircraft, putting its overall scale in this sector among the top three in China.

Nansha's regional GDP in 2020 is estimated to have exceeded 180 billion yuan, with an increase of more than 7 percent. 

The growth rates in seven indicators - including GDP, general public budget revenue, and total import and export value for the whole year - have taken the lead in Guangzhou, and the growth rates of major economic indicators such as fixed asset investment, regulated industrial output value, and total sales of wholesale and retail products will surpass many of its counterparts in the city.

In 2020, the total economic volume of the district increased by more than 70 percent from the 2015 figure, and its tax revenue was doubled. Major economic indicators, such as fixed asset investment and total import and export volume, achieved an annual double-digit growth on average between 2015 and 2019. 

The output value of the automobile industry cluster exceeded 100 billion yuan. It is now home to 158,000 enterprises, a growth of 8.5 times, and has attracted 197 investment projects from Fortune Global 500 companies.

Since the launch of the Nansha area of China (Guangdong) Pilot Free Trade Zone in 2015, it has utilized the Nansha Bonded Port Area to build a smart port, and has achieved 172 innovation outcomes in customs clearance reform, of which 36 were national firsts.

In 2019, Nansha ranked 45th in the global simulation ranking in terms of its cross-border trade facilitation.

Nansha has built a number of innovative platforms to meet the demands rising from the development of import trade, such as a cross-border e-commerce online service platform, a financial leasing information service platform, a supply chain management platform, an automobile exhibition center and testing base, and a cold chain commodity characteristic platform.  

These platforms have effectively promoted the agglomeration of various import businesses, forming an important international trade import channel in the Guangdong-Hong Kong-Macao Greater Bay Area.

In order to adapt to globalization and the digital development trends of global trade, Nansha has cast its eyes on building a global traceability system, a global high-quality product distribution center, and a global customs declaration service system.

At present, the global traceability system covers all categories and trade methods, along with more than 10,000 participating companies. The global premium distribution center has been promoted and implemented in many places, and the global customs declaration service system is now operating in seven countries.

The total industrial output value above designated scale in Nansha was 284.53 billion yuan in 2020, up 6.1 percent year-on-year. 

The fixed asset investment in Nansha increased by 25.1 percent year-on-year in the first 11 months of 2020, and the growth rate was 18.3 percentage points higher than the provincial level, putting it first among 19 national new districts.

The scale of the automobile manufacturing industry has reached an all-time high. The output value of the automobile manufacturing industry has exceeded 100 billion yuan for three consecutive years, and the establishment of a 100 billion yuan level new energy automobile industry cluster has been accelerated.

Meanwhile, the output value of Nansha's construction industry exceeded 100 billion yuan in 2020. 

The total sales of wholesale and retail products exceeded 300 billion yuan, with a year-on-year increase of 24.5 percent, and the growth rate ranked third in the city.

At present, Nansha has mapped out a course of action to innovate further development. For instance, the Mingzhu Science Park has gathered more than 10 research institutes and innovation platforms of the Chinese Academy of Sciences, and has started the construction of three big scientific installation pre-research projects. 

Moreover, Nansha will strive to promote several major projects and attract some leading companies. Emerging industry clusters here have witnessed continuous growth.