Nestled in the southern region of China, Zhuhai is rapidly transforming from a tranquil city into a bustling hub of economic and cultural activity. Known for its picturesque landscapes and strategic location, Zhuhai is increasingly capturing the attention of investors, travelers, and locals alike. This blog will delve into why Zhuhai is emerging as a key player in South China and why you should keep an eye on this dynamic city.
Where is Zhuhai?
Zhuhai is a prefecture-level city located in the southwest Pearl River Delta estuary in Guangdong Province.
Zhuhai’s main advantage over other cities derives from its unique strategic position. The city adjoins Macau on its south and connects with Hong Kong through the Hong Kong-Macau-Zhuhai Bridge. With convenient and comfortable transportation with an intercity railway, Zhuhai is around one to two hours from Guangzhou, Foshan, Dongguan, and Shenzhen.
This provides the convenience and possibility to explore more chances for product suppliers and service providers to reach enormous consumers easily.
The Growing Timeline Of Zhuhai
In 1980, Zhuhai was elected as one of the original four Special Economic Zones (SEZ), giving it a business-friendly environment.
In recent years, the government continues to assist Zhuhai to gain more development in order to enhance economic ties with Hong Kong and Macao.
The Guangdong Pilot Free Trade Zone (FTZ) was formally approved in 2014 and was officially launched in 2015, which covered the Hengqin Area of Zhuhai.
The Hong Kong–Zhuhai–Macau Bridge, the world’s longest sea-crossing bridge, opened to traffic in October 2018 marks Zhuhai the only city in mainland China that is connected to both Hong Kong and Macau, which is creating a multiplier effect within the region.
And in February 2019, the Central Committee of the Communist Party of China and the State Council officially issued the Outline Development Plan for the Guangdong-Hong Kong-Macao Greater Bay Area, which signified a new milestone in the development of the Greater Bay Area.
Aside from government support, the city gains investment from many foreign companies.
In recent years, more than 12,000 projects from 70 countries have combined for nearly US$13 billion in utilized foreign direct investment.
Zhuhai reached a 3% growth with a GDP of RMB 348.19 billion in 2020 ($53.85 billion). The number showcases that Zhuhai has the potential and gift to gain rapid growth and development in the near future.
The Industrial Layout of Zhuhai
Hengqin New Area
Hengqin New Area, located in the southeast Zhuhai, is intended to boost and diversify the trade cooperation between mainland and Macao, which is heavily focusing on gambling.
Since the FTZ Hengqin New Area came into operation in 2015, it has enjoyed great expansion with the favorable treatment of preferential policies including high tax rebates, import duty, and value-added tax exemption, and 24-hour customs clearance. Therefore, it would be beneficial for international enterprises to set their headquarters or subsidiaries in Hengqin.
Additionally, Hengqing currently spares no efforts to improve infrastructure facilities, attract talents, and enhance collaborative development.
Zhuhai Hi-Tech Industrial Development Zone
Zhuhai National Hi-Tech Industrial Development District, including four industrial parks: Nanping, Sanzao, Baijiao, and Xinqing and an innovation coast, was established to be a state-level development zone in December 1992. The main part of the hi-tech zone is located in Tangjiawan Town, the northern Zhuhai.
In recent years, the Hi-Tech Zone continually supports integrated circuits (IC) as a pillar industry. Last year, A 14th Five-Year Plan was issued to announce to foster integrated circuit industrial cluster within 5 years.
Till now, the Hi-Tech Zone is home to many reputed enterprises such as Switzerland-based ABB Group, Jafron Biomedical, Meizu Technology, Duowan Technology, Kingsoft Software, and Ygsoft Inc, etc.
China2West is Your Zhuhai Partner
In the past few years, Zhuhai has been refreshed in and out. Population count has been increased steadily, local lands have been reasonably developed, beautiful parks have been opened without entrance fees and international events have been successfully created. There are a lot of possibilities on the way to Zhuhai.
Being in business in Zhuhai for 16 years, China 2 West Group focuses on sourcing, product manufacturing, supply chain management, and quality inspection with foreign and local staff on the ground who speak the language, understand the culture and have long-term relationships with suppliers and factories.
If you need to move your business to Zhuhai, we would love to help. Contact us today to discuss more your project.
