Infrastructure development has been key, particularly in attracting foreign investment. The main goal of this … The growing economy … As the most dy­namic re­gion in the Chi­nese Main­land, it is in­creas­ingly im­por­tant as a mar­ket. This set in motion a series of massive infrastructure projects, merging transport, energy, water and telecoms networks, further boosting economic development. Its world production share in parts of the toy industry, for example, exceeds 60 per cent. 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This activity has seen Guangdong positioned by the Chinese Central Government as the Strategic Maritime Hub and Economic & Trade Cooperation Centre in the country's Belt and Road economic development initiative, officially making it a key link to world trade. In the 1990s, heavy industry arrived, bringing hi-tech electronic equipment and machinery, chemical production and automotive manufacture. The phenomenal rise of the Pearl River Delta (PRD) region, located in the province of Guangdong, can be attributed to China's economic reform and 'open-door' policy. The 2008-20 plan, released by China's National Development and Reform Commission, is designed to boost the pan-Pearl River Delta as a "center of advanced manufacturing and modern service industries", and as a "center for international shipping, logistics, trade, conferences and exhibitions and tourism". The Jing-Jin-Ji (JJJ), Yangtze-River-Delta (YRD) and Pearl-River-Delta (PRD) are three major economic zones located in China’s coastal areas. National Development and Reform Commission, Guangdong-Hong Kong-Macao Greater Bay Area, http://www.pacificshipper.com/news/article.asp?sid=33272<ype=transpacific, Economic profile for the Pearl River Delta, Guangdong-Hong Kong-Macau Greater Bay Area, Grasping the large, letting go of the small, China Banknote Printing and Minting Corporation, Ministry of Industry and Information Technology, State-owned Assets Supervision and Administration Commission, State Administration for Industry and Commerce, China Council for the Promotion of International Trade, All-China Federation of Industry and Commerce, Mainland and Hong Kong Closer Economic Partnership Arrangement, Mainland and Macau Closer Economic Partnership Arrangement, Regional Comprehensive Economic Partnership. On the basis of analysis of the water environment status and pollution sources, it is suggested that domestic sewage is the primary cause of pollution. Shenzhen is leading investment with an estimated 4 per cent of the city's GDP, a ratio that brings it close to tech leaders like South Korea and Israel. It has been the most economically dynamic region of the Chinese Mainland since the launch of China's reform program in 1979. The entire region is covered by a rail network and by 2018, an express rail link will connect Guangzhou, Shenzhen and Hong Kong. Adjacent Hong Kong and Macau are not part of the economic zone. Services such as education, recreation, travel and telecoms have all increased their share of the economy, many driven by the demands of PRD's flourishing middle class. It forms part of the western side of the Pearl River Delta Economic Zone, which includes Guangzhou to the east and northeast and Zhongshan to the southeast. By 2014 FDI utilisation reached USD24.9bn, or 20.8 per cent of the national total. From 2000 to 2014, private enterprise exports rose from USD4.1bn to USD222.3bn. To install click the Add extension button. Looking for abbreviations of PRDEZ? Add to My List Edit this Entry Rate it: (0.00 / 0 votes) Translation Find a translation for Pearl River Delta Economic Zone in other languages: Select another language: - Select - 简体中文 (Chinese - Simplified) In the early days of its industrial development, PRD mostly engaged in the labour-intensive manufacture of consumer goods. Accepting card payments from your customers, How China is shaping global trade and investment flows, Developing a corporate renminbi trade strategy, How UK businesses could succeed in ASEAN trade, Pearl River Delta economy: an opportunity for all, Customer Case Study: Kit for Kids and Lyons Coffee get real in China, Customer case study: Business as usual for Royce, To make an appointment or discuss your business needs, Careers, media, investor and corporate information. China and the history of its Special Economic Zones. Areas of greater autonomy included finance and fiscal matters, foreign trade and investment, commerce and distribution, allocation of materials and resources, labor, and prices. In fact, just prior to the handover from the United Kingdom to China, the city’s economic output was equal to … GO. Pearl River Delta Economic Zone. Rapid urbanization and burgeoning city populations have created demand for infrastructure, building materials, transportation services, housing, and other goods and services associated with urban development. The region boasts the bulk of China’s automotive, petrochemical and electronics powerhouses and marks the genesis of countless complex global supply chains. PRD now has a complete network for air, land and sea transportation. Given the mas­sive scale of its ex­port sec­tor, the re­gion has be­come an im­por­tant in­dus­trial mar­ket for all sorts of in­puts, ma­te­ri­als, and cap­i­tal goods. According to the Hong Kong Trade Development Council (HKTDC), PRD still leads the world in a number light industrial sectors. Shenzhen itself is now China's de facto `Silicon Valley', playing host to major ICT companies including the nationwide ISP, Tencent, and global players such as ZTE and Huawei. They include construction of the 31-mile (50 km) Hong Kong–Zhuhai–Macau Bridge linking Hong Kong, Macau and the Pearl River Delta. It is located at the Pearl River estuary where the river enters the South China Sea. I use WIKI 2 every day and almost forgot how the original Wikipedia looks like. That's it. In this regard, Shenzhen, Dongguan, Foshan, and other parts of the Pearl River Delta Economic Zone have been at the forefront of private sector development in China.[4]. The Pearl River Delta Eco­nomic Zone ac­counted for 19.9 per­cent of GDPand 38.9 per­cent of total trade in 2005. [2], The Pearl River Delta Economic Zone encompasses nearly 7000 square kilometers, 0.07 percent of China, with a population of 22 million people, 3.1 percent of the 2010 population of mainland China. In parallel with this development, the region's tertiary sector has expanded too. Cities such as Shenzhen and Guangzhou are among the most affluent in the Chinese Mainland. During that period, the average real rate of GDP growth in the Pearl River Delta Economic Zone exceeded 16 percent, well above the People's Republic of China national figure of 9.8 percent. As a result, Zhuhai is now a major city in the Pearl River Delta region according to the new general urban plan approved by the State Council. PRD has one more ace up its sleeve. The region has a large number of manufacturing industries. Guangzhou is now one of three major automotive manufacturing bases in China. The PRD is ripe for a variety of UK businesses to explore. For example, the automobile industryhas a good foundation in the region, with Shanghai and all three surrounding provinces contributing to its success. The Pearl River Delta Economic Zone (PRDEZ) is one of the most vigorous economic regions in China, and even in the world. PRD's retail sector has developed quickly with its major consumer markets of Guangzhou and Shenzhen featuring every kind of retail outlet from shopping mall to street vendor. As the most dynamic region in the Chinese Mainland, it is increasingly important as a market. It will enhance any encyclopedic page you visit with the magic of the WIKI 2 technology. Guangzhou is now one of three major automotive manufacturing bases in China. Year Title Co-occurring Abbreviation; 1 : 2015: The Effects of Socioeconomic and Environmental Factors on the Incidence of Dengue Fever in the Pearl River Delta, China, 2013. It locates at the Pearl River estuary where the river enters the South China Sea. The Pearl River Delta economic zone (PRD) is one of China's leading economic regions and a major manufacturing center. It has been undergoing a rapid urbanization since the reformation and opening of China in 1978. In the 1980s, Special Economic Zones, including those in PRD, were used to test the water further, focusing on the development of manufacturing and exports. This is especially so as Guangdong features as a part of China's experimental Free Trade Zone (FTZ) programme, set up in 2013 to ease cross-border trade and investment flows, whilst boosting growth in domestic services and innovation. PEARL RIVER DELTA ECONOMIC ZONE Like this topic? Given the massive scale of its export sector, the region has become an important industrial market for all sorts of inputs, materials, and capital goods. This gave rise to the creation of the Shenzhen Stock Exchange, as well as development of a land lease system and some privatization of housing. The petrochemicals complex at Daya Bay Huizhou Economic and Technological Development Zone demonstrates this effect, attracting oil refining and ethylene production companies from the US, the UK, Japan, the Netherlands and South Korea amongst others. The Pearl River Delta Economic Circle : The Pearl River Delta Economic Circle is comprised by 9 cities sprawling along the Pearl River, including Guangzhou, Shenzhen, Foshan, Zhuhai, Dongguan, Zhongshan, Huizhou, Jiangmen and Zhaoqing. Search the information of the editorial board members by name. GET WEEKLY UPDATES. In 1979, the Central Government of the People's Republic of China announced that Guangdong Province would be allowed to follow less restrictive economic policies and would be permitted to set up three Special Economic Zones (SEZs), including two in the Pearl River Delta, Shenzhen and Zhuhai. Starting in 1979, Guangdong Province and the SEZs were given greater political and economic autonomy than other jurisdictions in the Chinese Mainland. The Pearl River Delta Economic Zone is the most dynamic economic area in South China. Guangdong's FTZ consists of three regions: Guangzhou Nansha, Shenzhen Qianhai Shekou, and Zhuhai Hengqin New District. 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