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Economic development

2014-June-18       Source: Newsgd.com

Since implementation of the Reform & Opening-up Policy in 1978, the integrated economic strength of Guangdong has rapidly sprung to the top rank of the national total.

7. Growing outbound investment & operation

Guangdong actively implements the strategy of Going Global, namely greatly encourages enterprises in Guangdong to go abroad to conduct foreign investments or business operations internationally. By the end of 2013, Guangdong enterprises had established 5,260 non-financial enterprises in over 100 countries & regions, contractual investment from Chinese side valued US$ 23.47 billion, mainly of which gather in Hong Kong, Macau, Asia and North America. In 2013, 970 overseas enterprises have been newly approved to be set up abroad in Guangdong province, and contractual investment from Chinese side increased by US$ 5.24 billion, with a growth of 20.9% on yearon-year basis. In 2013, the turnover of foreign contracted projects was US$ 22.87 billion, ranked No.1 in the country, grew by 42.4% compared with 2012. The total actual income of the contract workers reached at US$ 447 million, and the foreign labor market mainly concentrates in Macao, China. Besides, the total number of the migrant workers registered by the end of the year conducting contracted projects and labor service cooperation reached at 57,500 Currently, the provincial foreign investment and cooperation business has expanded from mainly in trade to new fields including manufacturing, resource cooperative development, overseas marketing network construction, consultation service and etc.

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Editor: 王凯

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