Dongguan has climbed into the Top 10 of China’s most competitive cities, as measured by the Chinese Academy of Social Sciences. The fastest-growing economy in the GBA joined Shenzhen (1st), Hong Kong (2nd), and Guangzhou (4th), on the list, ahead of leading cities like Wuxi, Foshan and Chengdu. Shanghai was 3rdand Beijing 5th.
Dongguan has been steadily climbing, from 14thin 2016 and 13thin 2017.
Industrial upgrading explains the rise. High-end manufacturing and hi-tech manufacturing now account for 52.3% and 38.9%, respectively, of industrial output, which was RMB96.85 billion in Q1 this year, up 8.5% YoY. That was 2.3 percentage points faster than Q1 2018.
The city’s three leading companies – Huawei, OPPO and Vivo – saw their combined value added output rise 32% last year.
R&D investment is an important factor in Dongguan’s ranking improvement as well, at 2.35% of overall GDP. Moreover, Dongguan’s “sustainable competitiveness” ranks No.7.
In 2018, Dongguan added 2174 hi-tech enterprises, totaling 5790, equivalent to adding six a day.
Read morein Chinese.