Dongguan’s three smartphone giants – Huawei, Oppo and Vivo – had a strong Q1, with their combined sales accounting for almost two thirds of the city’s 8.5% growth in GDP.
According to the latest data released by the city government, Dongguan’s industrial upgrading plans are well under way. In Q1, advanced manufacturing (+11.7%) and high-tech manufacturing (13.9%) accounted for 53.8% and 40.3% of total output, respectively. The star, however, was “information device manufacturing” – smartphones, notepads, laptops, and other IoT devices – which grew 15.6%.
Investment figures paint a rosy picture for future growth, too. In Q1, total investment was up 37.6% YoY – and it accelerated sharply in March, which was also when a flurry of new manufacturing projects opened. The growth rate was second only to Guangzhou among all 11 of the Greater Bay Area cities. Driving this was R&D investment, which soared 79.1%, second only to Shenzhen’s.
Read more (in Chinese).