Executive Summary: An Overview of Heavy Industry in Guangzhou

1935 Words4 Pages

An overview of Heavy industry in Guangzhou Executive summary Guangzhou is selected as the case city in this report because of its unique geographical and economical position in the world. Among a number of industries in this city, heavy industry plays the most significant role in its economic growth. To provide a better understanding of heavy industry in Guangzhou, this report applies PEST model and also presents both the current challenges and advantages that the heavy industry face. As a typical emerging city, Guangzhou can provide some applications about how to overcome barriers in the process of upgrading industry. Introduction Guangzhou is not only one of the most prominent urban cities in China but also famous world’s factory. Supported by unique geographical location and culture, and encouraged by preferential policies, friendly economic environment and relative advanced technology, this city will make itself as important global center. With 12.78 million populations and 105,909 RMB CDP per Capita, Guangzhou ranks the third largest and the biggest south city in China. There is no doubt that heavy industry plays vital important role in boosting its economy growth, contributing to employment and spurring development of linked industries. While the heavy industry has developed dramatically over the past years, a set of new opportunities and challenges are emerging. Due to worse environment, intensive competition from domestic and global market and unbalanced industrial development, Guangzhou has to make profound changes in this industry. The region has created more room for green and efficient heavy industries by wiping out or transferring existing low value or outdated industries. Through analyzing an overview of heavy ind... ... middle of paper ... ...gzhou will not be overtaken due to the focus of government. Moreover, with the support of upstream or downstream industries, it can finish its upgrading more smoothly and quickly. It is true that Guangzhou faces some domestic and international competitors that rely on heavy industry. In my point of view, Guangzhou has more unique advantages: 1) the geographical location helps it build close relationship with South Asian Market and the Pearl River Delta speed up its value chain 2) the long trade history and inclusive culture makes it more experienced and be good at absorbing advanced technology and concepts; 3) the strong and enthusiastic government offer preferential policy and available funds to ensure the transformation of heavy industry. Guangzhou has potential to be global heavy industry hub if both market and government work together to support it continuously.

More about Executive Summary: An Overview of Heavy Industry in Guangzhou

Open Document