How much does a haircut cost around the world?
Nicknamed the ‘World’s Factory,’ China is on top of the list of manufacturing giants in the world. Primarily due to low-cost manufacturing, has propelled China to be crowned as the second largest economy in the world, with $11 trillion, or14.8% of the global economy, as per World Bank figures. We give you a lowdown on the largest manufacturing hubs of China.
Shanghai, the largest city in China, and home to many different business industries, is the highest contributor towards China’s economy and growth. The city is home to many major industries, such as electronics, chemicals, automobiles, textiles, steel, ship building, and more. The largest steelmakers of the country have their headquarters in the city, while automobile giants such as Volkswagen and General Motors have their Chinese plants located here. Shanghai also boasts the largest port in China.
The capital city, and the leading city for manufacturing pharmaceuticals and electronics, Beijing originally was reputed as one of world’s top historical city. But for a city comprising ancient imperial architecture, it has turned into a modern leader in bio-engineering and information technology.
Located in southern China, Guangzhou is the most prosperous trade and business city in China. Earlier known as ‘Canton city,’ all trade with China in the 17th century went through this city, and today it hosts the largest International trade fair. Every year there is a massive growth in the GDP of the city, and global brands such as Honda, Toyota, Panasonic, Sony, Haier, and Nissan, manufacture their products here, and many have also their Chinese headquarters here.
Known as the electronic manufacturing hub of the world, Shenzhen is the chosen manufacturing destination of brands such as ZTE, Huawei, Apple, and LG. The retail giant Walmart has its Asian headquarters and procurement center in the city of Shenzhen as well. The city is also known for the ‘China International Culture Industry Fair,’ which promotes local Chinese products and trade all across the world.
Boasting of comprising the largest trade port in northern China, the city of Tianjin, is also one of the biggest industrial cities of China. The mechanical and textile industry flourishes in the city, and it can also be termed as a leader in aerospace and aviation, mobile phones, automobiles, and alternative energy products.
Famous for being the most tourist-friendly city in China, Hong Kong is a manufacturing and financial services hub of the country. This famed city is home to many light-labor industries.
In the domestic market, the only city which gives cut-throat competition to other larger cities of China is Wuhan. It can also be called the retail capital of the China, as it produces a large number of domestic products. The city also boasts of an integrated transport hub.
Contributing effectively to the economy, specifically the manufacturing industry, the city of Suzhou, located in eastern China is the second largest in the country for Iron and Steel, IT and electronic equipment. Its well-developed industries have helped immensely to the city’s economic growth and revenue generation.
Awarded as the 4th most livable city in the county, by the ‘China Daily,’ Chengdu, located in Sichuan province, recently has become a major manufacturing hub in China. It is also creating business opportunities for industrial and mechanical engineers, as a result of its emerging and booming aerospace and electrical engineering industries.
Better known as the exhibition city of the country, Hangzhou is the permanent host city of the World Leisure Expo. The city is also the largest producer of gunnysacks in China (who knew!?) and also houses many textile industry centers.
Growth Rate of Industrial Value Added (June 2017)
|Indicators||Year-on-year Growth Rate (%)|
|Growth Rate of Industrial Value Added||7.6||6.9|
|Mining and Quarrying||-0.1||-1|
|Production and Distribution of Electricity, Gas and Water||7.3||8.1|
|Of which: State-owned & State-holding Enterprises||6.8||6.2|
|Of which: Private Enterprises||7.4||6.8|
|Of which: Collective-owned Enterprises||3.9||1.9|
Note： Source of table: National Bureau of Statistics of China