The Greater Bay Area (GBA) will be built into an international Sci & Tech Innovation Center with global influence, a world-class Advanced Manufacturing & Strategic Emerging Industrial Cluster Area, Bay Area, and the fourth world-class Bay Area after New York, San Francisco and Tokyo.
Area:56,000 km270+ millionPermanent resident
GDP2020:RMB 12.6 trillion,accounting for11%of National GDP, estimated to reach20%in 2030
Made in Guangdong 2020
The added value of manufacturing above designated size and the number of enterprises ranked top 1 in China. 40 major industrial sectors in Guangdong 25 of 40 sectors ranked top 3 in sales volume in China 7 sectors exceed RMB 1 trillion in output, leading China (New Electronic Information, Smart Appliances, Automobiles, Smart Phones, 5G, Green Petrochemicals, Plastic Products) 2 sectors lead the world (New Electronic Information and Smart Appliances).
Made in Guangdong 2025
By 2025, the added value of manufacturing stands for 30%+ of Guangdong GDP, and the high-tech manufacturing accounts for 33% of industries above designated size.50,000 enterprises above designated size undergoing digital transformation.889 provincial key projects and RMB 2.28 trillion of investment.1,471 key enterprises.2,920 innovation platforms on national and provincial levels. 245 industrial parks.53,000 national high-tech enterprises.
Cluster Development
25 Advanced Manufacturing Industry Clusters released by MIIT in 2021 12 of 25 in Guangdong.
Great Potential Consumption of Machine Tools in China
China: the world No. 1 consumer, importer and producer
Forecast on World Market of Machine Tools (%)
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Machine Tools Consumption in 2019 (US $ bn) | |
|---|---|---|---|---|---|---|---|
| China | -19.9% | -4.6% | 14.1% | 6.5% | 4.1% | 2.5% | 22.3 |
| America | 1.8% | -15% | 14.9% | 4.7% | 2.4% | 2.1% | 9.8 |
| Germany | 6.9% | -35.3% | 8.7% | 5.5% | 3.9% | 2.4% | 8 |
| Japan | -1.1% | -33.9% | 15.9% | 13.8% | 3.9% | 3.0% | 6.4 |
| Italy | -7.6% | -27.9% | 12.4% | 10.6% | 3.4% | 2.9% | 4.4 |
| Asia | -14.7% | -11.7% | 15.6% | 7.9% | 4.9% | 3.5% | 38.4 |
| America | -5.5% | -15% | 14.9% | 5.9% | 3.5% | 2.8% | 13.2 |
| Europe | 1.0% | -22.2% | 13.8% | 7.8% | 5.0% | 3.7% | 22.3 |
| World | -9.3% | -14.9% | 15% | 7.5% | 4.7% | 3.4% | 73.9 |
* Sources: Oxford Economics
