Because Guangdong’s economy is highly developed and its industry’s core competitiveness is the strongest.
To measure the economic strength of a province, the most intuitive and currently the most popular calculation method is GDP. If measured by GDP alone, Guangdong currently ranks first.
Guangdong’s core competitiveness is its innovation capability and its concentration of industries and talents. As of the end of 2014, Guangdong ranked first in the number of invention patents held in mainland China (111,878). In 2014, among the top ten domestic (excluding Hong Kong, Macao and Taiwan) enterprises in terms of invention patent authorization in China, 5 were from Guangdong, 4 were from Beijing, and 1 was from Zhejiang. Guangdong still topped the list. This is the embodiment of the core competitiveness of Guangdong's industries.
In the 12th China’s 500 Most Valuable Brands in 2015 released by the World Brand Lab, 80 brands from Guangdong Province were selected (mostly private enterprises), far exceeding Shandong, which ranks second (42 brands), is second only to Beijing (94 brands), ranking second at the provincial level in mainland China and first among provinces. Among the top ten most valuable brands in China, Huawei ranks fourth and is the only private company to make it into the top ten. The top three are all state-owned state-owned enterprises.
In the 1980s and 1990s, there was a popular saying: East, West, South, North, Central, get rich in Guangdong (Wanda Chairman Wang Jianlin mentioned it in his speech). Guangdong can be said to have the best entrepreneurial atmosphere and entrepreneurial results in mainland China. area. Tencent, Huawei, SF Express, BYD, China Merchants Bank, Gree and many other well-known Chinese brands are all made in Guangdong. No province has so many well-known enterprises that have profoundly influenced more than one billion people in China.
The China Import and Export Fair (Canton Fair), headquartered in Guangzhou, held every spring and autumn, is the largest and most influential commodity trading platform in mainland China. barometer. Guangzhou is also known as the commercial capital. In a word, Guangdong's economic status in China is like California's status in the United States.