As a business traveler, you may be interested in what Dongguan’s business model is like. And then you may have heard that Dongguan has developed very quickly in the past thirty years and wonder why. Worry not, here you will find all the answers!
For the past thirty years since China launched its “reform and opening-up policy”, Dongguan has been taking economic development seriously. Whereas other cities were using the lure of discounts to attract business, Dongguan invested heavily in its infrastructure and hospitality to set itself apart from the competition, while ensuring prices remained competitive. This unique policy has allowed Dongguan's economy to maintain a substantial and rapid development, making Dongguan a vastly important international industrial city. Through attracting foreign investment and developing foreign oriented economy, Dongguan is developing at an average growth rate of 22% each year. It is now one of the “Top 30 Comprehensive Economic Strengths of the Nation”. It has sequentially been the third largest city in overall foreign trade amount. Dongguan is one of the fastest developing cities in China.
Characteristics of industry in Dongguan
A modern industrial system with complete supporting industries has been created in Dongguan, with the pillar industries as electronics, machinery, garments, foodstuff, plastics, chemical, pharmacy and building materials, etc. It is now both an important national exporting base and an international manufacturing base. The computer and information industry is of special importance to Dongguan. There are more than 3,000 computer and information products processing enterprises, and 95% of accessory parts of computers can be found produced locally. The output volume of products like computer magnetic core, main board and monitor, etc. all rank first in the world. Dongguan has become one of the main sourcing bases for computer parts.
To Guangdong, Dongguan is very important because it makes a huge contribution to Guangzhou’s economy. The following figures illustrate the fact:
Dongguan VS Guangdong
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| Figure: Dongguan VS Guangdong |
Industrial Parks
If you are here to investigate the possibility of investment, industrial Parks in Dongguan are an essential visit. There are over 180 industry districts and economic parks in all in Dongguan, more than 30 of which are of impressive size, including Dongguan Songshan Lake Science & Technology Industrial Park, Dongguan Urban Science & Technology Industrial Park, Shilong National Star Class Technology-intensive District and many other economic parks of large scale and high standard.
All the industrial parks in Dongguan are well programmed and under unified and standard management. The infrastructure system in these districts is fairly integrated, including broad and flat roads, modern technology and information, communications, good system of drains for heavy industry, electricity, water supply and convenient communication, commerce and entertainment facilities etc. are all part of Dongguan’s unique policy of infrastructure first, not second.
List of Fortune 500 Enterprises in Dongguan
Top 10 Enterprises in Dongguan Included in the China Top 200 Enterprises
(according to export totals)
No |
RANKING |
COMPANY |
EXPORT AMOUNT
(10,000 Dollars) |
l |
22 |
Dongguan Machinery & Equipment Import & Export LTD of Guangdong |
96,847 |
2 |
62 |
Dongguan Foreign Trade Development Group Corporation |
43,944 |
3 |
67 |
Dongguan Samsung Electric Motor Corporation |
42,037 |
4 |
83 |
Dongguan Fu’an Textile Printing & Dyeing Co., Ltd Guangdong |
37,184 |
5 |
120 |
Dongguan Texwinca Holdings Limited |
26,863 |
6 |
161 |
Dongguan Arts & Crafts Import & Export Company of Guangdong China |
21,692 |
7 |
163 |
China National Light Industrial Products Import & Export Corporation, Guangdong Brach, Dongguan Office |
21,573 |
8 |
164 |
Dongguan Metals & Minerals Import and Export Corporation |
21,236 |
9 |
178 |
Pioneer Teehnology Dongguan CO .,LTD |
19,707 |
10 |
185 |
Dongguan Cereals & Oils Import & Export Company of Guangdong |
19,041 |
| |
|
Total |
350,124 |
|