Guangzhou and Shenzhen, top major cities of Guangdong Province, are also two competitive cities among the first-tier cities in China. Here are charts comparing the development situation in Guangzhou and Shenzhen with other three first-tier cities in China. Shenzhen and Guangzhou had actually lived up to the expectation in the H1 of 2014.
First-Tier Cities in China
|
|
Permanent Resident |
Area |
|
Shanghai |
24.15 million |
6.34 thousand sq.km |
|
Beijing |
21.15 million |
16.41 thousand sq. km |
|
Tianjin |
14.72 million |
11.95 thousand sq.km |
|
Guangzhou |
12.93 million |
7.43 thousand sq.km |
|
Shenzhen |
10.63 million |
2.00 thousand sq.km |
GDP (H1 of 2014)
|
|
|
Compared with the same period of 2013 |
|
|
|
Nominal Growth |
Actual Growth |
|
Shanghai |
1095 billion RMB |
↑7.7% |
↑7.1% |
|
Beijing |
976.93 billion RMB |
↑7.2% |
↑7.2% |
|
Guangzhou |
766.62 billion RMB |
↑8.7% |
↑8.3% |
|
Tianjin |
718.54 billion RMB |
↑9.2% |
↑10.3% |
|
Shenzhen |
646.08 billion RMB |
↑7.4% |
↑8.1% |
Guangzhou's Three Pillar Industries in H1 of 2014
Compared with the same period of 2013:
- Value-added of Industry above Designated Size ↑8.0%
- Automobile Industry ↓4.5%
- Petrochemical Industry ↑15.7%
- Electronic Industry ↑1.5%
Shenzhen's Three Pillar Industries in H1 of 2014
Compared with the same period of 2013:
- Value-added of Industry above Designated Size ↑7.7%
- Telecommunication and Electronic Industry ↑13.5%
- Petrochemical Industry ↓6.0%
- Advanced Manufacturing Industry ↑8.9%
General Situation of Investment in Guangzhou in H1 of 2014
| Fix-Assets Investment |
174.2 billion RMB |
↑12.6% |
|
Private FAI |
61.23 billion RMB |
↑18.8% |
|
Infrastructure Investment |
44.63 billion RMB |
↑13.1% |
|
Industrial Investment |
23.87 billion RMB |
↑3.8% |
|
Real Estate Investment |
78.7 billion RMB |
↑22.7% |
General Situation of Investment in Shenzhen in H1 of 2014
Fix-Assets Investment |
112.3 billion RMB |
↑12.3% |
|
Non-Real Estate Investment |
69.2 billion RMB |
↑7.6% |
|
Real Estate Investment |
43.2 billion RMB |
↑20.8% |
Investment in Guangzhou and Shenzhen in H1 of 2014
Fixed-Assets Investment (Except investment from peasant household)
- FAI of China in H1: 21.3 trillion RMB
- FAI of First-tier Cities: 1.43 trillion RMB, accounts for 6.7% in FAI of China.
Real Estate Investment of China in H1: 4.2 trillion RMB
- Real Estate Investment of First-tier Cities: 501.9 billion RMB, accounts for 11.9% in the Real Estate Investment of China
General Situation of Consumption in Guangzhou in H1 of 2014
Compared with the same period of 2013:
| Total Retail Sales of Consumer Goods |
377.6 billion RMB |
↑12.3% |
|
Consumer Price Index (CPI) |
|
↑2.4% |
|
Producer Price Index (PPI) |
|
↓2.3% |
Highlights in Consumption
Online Shop |
24.33 billion RMB |
↑65.5% |
|
Automobile and related goods |
|
↑23.2% |
|
Telecommunication and mobile phone |
|
↑39% |
General Situation of Consumption in Shenzhen in H1 of 2014
Compared with the same period of 2013:
| Total Retail Sales of Consumer Goods |
221.5 billion RMB |
↑8.2% |
|
Consumer Price Index (CPI) |
|
↑2.8% |
|
Producer Price Index (PPI) |
|
↓1.6% |
Highlights in Consumption
| Large retailing industry |
Top 30 retailers |
↑65.5% |
|
Online Shop |
|
↑129.7% |
Consumption in Guangzhou and Shenzhen in H1 of 2014
Total Retail Sales of Consumer Goods:
- China in H1: 12.42 trillion RMB
- First-tier Cities: 4.84 trillion RMB, accounting for 37% in Total Retail Sales of Consumer Goods in China
Economic Highlight in Guangzhou & Shenzhen:
Online Shop (24.3 billion RMB ↑65.6% in Guangzhou, 73.4% higher than national average in Shenzhen)
General Situation of Foreign Trade in Guangzhou in the first half of 2014
| Total Import & Export Value |
$58.76 billion |
↑5% |
|
Total Export Value |
$29.47 billion |
↑1.4% |
|
Total Import Value |
$29.29 billion |
↑8.9% |
General Situation of Foreign Trade in Shenzhen in the first half of 2014
Total Import & Export Value |
$204.3 billion |
↓32.2% |
|
Total Export Value |
$119.8 billion |
↓28% |
|
Total Import Value |
$84.6 billion |
↓37.3% |
Foreign Trade in Guangzhou and Shenzhen in the first half of 2014
Total Import & Export Value:
- China in H1: $2.1 trillion
- First-tier cities: $764.1 billion, accounting for 36.4% in that of China
Conclusion
- Petrochemical industry, automobile industry and advanced manufacturing industry are still the pillar industries in Guangzhou and Shenzhen.
- For investment, although the real-estate investment in Guangzhou and Shenzhen were less than other first-tier cities, the growth rate in these two cities is higher than other three first-tier cities. It means Guangzhou and Shenzhen have more growth space in real-estate investment.
- For consumption, online shop is an economic highlight in Guangzhou and Shenzhen. The business on Internet may become a significant industry in the second half of 2014.
- For the foreign trade, although the Total Import-Export Value of Shenzhen decreased, Shenzhen is still competitive among the first-tier cities. The export values in Guangzhou and Shenzhen are higher than the import values in these two cities, which shows that export-oriented industry is still significant in Guangzhou and Shenzhen.
- As two significant cities in Southern China, Guangzhou and Shenzhen have more growth space in economy in H2 of 2014. In the early of 2014, according to the Cities of Opportunity Report, Guangzhou and Shenzhen were regarded as two most competitive cities in China. Now, it seems that they have lived up to the expectation in H1 of 2014.