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City Introduction of Guangdong, China: Foshan

Published: 10 Apr 2009 16:39:35 PST

Foshan

Major Economic Indicators (2007)

Land Area	3,848 km²
Population	5.9 million
GDP	RMB 358.8 billion (US$47.7 billion), 19.2% up
GDP Composition
Primary Industry (Agriculture)	2.2%
Secondary Industry (Industry and Construction)	64.9%
Tertiary Industry (Service)	32.9%
GDP Per Capita	RMB 60,917 (US$8,099)
Unemployment Rate	1.8%
Fixed Asset Investment	RMB 109 billion, 19.8% up
Utilized FDI	US$1.6 billion, 50.4% up
Total Import and Export	US$37.8 billion, 22.2% up
Export	US$26.2 billion, 23.9% up
Import	US$11.6 billion, 18.4% up
Sales of Consumer Goods	RMB 94.7 billion, 22% up

Source: Foshan Economic and Social Development Report 2007

Introduction

Foshan is situated in the central and southern part of Guangdong Province. Lying in the Pearl River Delta, it is adjacent to Guangzhou to the east, and Hong Kong and Macau to the south. It takes only two hours to drive from Foshan to Hong Kong and Macau, and one hour to Guangzhou, the capital city of Guangdong. Foshan covers an area of 3,848 km² and has a population of 5.9 million. The city enjoys a humid subtropical climate, with mild winters and hot summers.

Bordering Guangzhou, Foshan is within one hour’s drive from Guangzhou Baiyun International Airport, Guangzhou Port and Guangzhou Railway Station. Guangzhou Baiyun International Airport handled nearly 31 million passengers and 695,093 tons of freight in 2007, ranking second and third in mainland China. Guangzhou Port, ranked the third-largest container port in China in terms of container traffic in 2007, handled 9.2 million TEUs in the same year. Guangzhou Railway Stations offers daily routes to all the major cities, while Guangzhou-Zhuhai Highway, Guangzhou-Zhanjiang Highway, Guangzhou-Foshan Highway and Guangzhou-Zhaoqing Highway all run through Foshan.

Economic Features

In 2007, the GDP of Foshan increased by 19.2% to RMB 358.9 billion, ranking eleventh among the cities in mainland China and third overall in Guangdong. The added value from the industry sector rose 22.7% to RMB 118 billion in 2007, contributing 64.9% to the city's GDP.