According to a report on comparison of the development of economic blocs in China (04-05), Pearl River Delta (PRD) outdid its counterparts in per capita GDP, the Yangtze River Delta (YRD) has most powerful and dynamic economy.

The report referred the above-mentioned two and Beijing-Tianjin-Hebei economic zone (BTH) as nation's three big economic blocs, and said all of them had experienced sizeable development in the past year. Implementation of the policies as reviving of northeast China and development of West China, and the forming of city clusters as Shandong peninsula reflect that the trend of regional integration is prevailing in China.

Comparing the blocs

PRD outdid its counterparts in per capita GDP, which was 1.2 times of that of YRD, and 2 times of that of BTH. The added industrial value of YRD was far more than those of PRD and BTH. BTH had the most dynamic tertiary industry, which took up 61.4% of its total industrial output.

PRD topped in per capita retail sales of commodity goods, while YRD led in per capita fix-asset investment.

PRD and YRD had the most vigorous external-oriented economy. But PRD was outdone by YRD in growth rate of foreign trade. Moreover, YRD has toppled PRD in the scale of foreign trade and actual utilized foreign capital, which showed YRD has replaced PRD as the most popular spot for foreign investors.

PRD's future

According to the report, PRD will slow down its development steps. The integration of Greater PRD (Guangdong, Hong Kong and Macao) and Pan PRD are expected to help Guangdong upgrade its industry and explore hinterland for its further development, but there would be a long period before PPRD integration project could bring sizeable benefit to PRD.

Editor: Olivia

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