Huangpu's pistons pump strong as China's engine of economic development

Guangzhou's Huangpu district is striving to become the gasoline that fuels China's engine of economic development with the booming strategic emerging industries backed by high-level talents and high R&D input.

The district has seen its regional GDP exceed 360 billion yuan ($56.56 billion) and output value of industrial enterprises above designated size surpass 800 billion yuan in 2020. The cumulative fixed-asset investment has exceeded 700 billion yuan. It ranked first among national economic development zones in five major economic indexes.

Over the past six years, Huangpu has brought in nearly 1,000 high-quality industrial projects, of which 30 projects are valued at more than 10 billion yuan. It tallied 364 new industrial enterprises above designated size, bringing the total to 1,124.

Local new-type display industrial cluster topped China in both investment and output value. The projects of Xpeng and Hyundai also lead the development of new energy and smart vehicles, making the district a national demonstration zone for the comprehensive utilization of new energy.

In addition, the Guangzhou International Bio Island is home to five listed biomedical enterprises. The number of biomedical projects and enterprises has increased from 30 to more than 500 over the past 10 years with a wide coverage of research and development in in vitro diagnostics, stem cell, and high-end medical instruments.

The booming local industrial development correlates with the gathering of high-level talents and heavy R&D input. The district has so far attracted 1,164 talents, of which 103 are academicians. Local scientific innovation strength has ranked first in national economic zones for three consecutive years.

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