What is the most developed and distinctive industry in Guangzhou?

Guangzhou is an important industrial base in China and a comprehensive industrial manufacturing center in South China. After years of development, it has formed an export-oriented modern industrial system with complete categories, relatively developed light industry, a certain foundation for heavy industry, comprehensive supporting capabilities, scientific research and technical capabilities and strong product development capabilities. Among the 40 industrial sectors in China, Guangzhou accounts for 34. Guangzhou industry plays an important role in the national economy of the city, and the added value of industry accounts for more than 1/3 of the city's GDP. The output value of automobile manufacturing, electronic communication and petrochemical industry accounts for about 1/3 of the city's total industrial output value. With the introduction of advanced technology, traditional industries such as textile, food, medicine and building materials have been upgraded, and many emerging industries and high-tech industries led by electronic communication, household appliances, fine chemicals and petrochemical industries have developed rapidly. Guangzhou industry has obvious comparative advantages in the Pearl River Delta, South China and even Southeast Asia.

Finance and insurance industry

Guangzhou is one of the three major financial centers in China, with an active financial market. It is the central city with the strongest financing capacity in South China, and it is also the second batch of cities where foreign banks in China have liberalized their access. Financial institutions have developed rapidly with complete categories; The pace of financial opening to the outside world has accelerated, and foreign-funded financial institutions have gradually increased; The scale of financial business is expanding day by day, and the level of financial services is constantly improving; The capital capacity is expanding and the types are increasing. At present, foreign financial institutions have set up more than 30 branches and offices in Guangzhou; Foreign insurance institutions have set up more than 65,438 branches and offices in Guangzhou.

realty business

The comprehensive development level of Guangzhou's real estate industry (including residential, commercial and office buildings) ranks among the best in the country. Real estate development investment continued to grow rapidly and steadily; Real estate development investment has sufficient sources of funds and a high degree of marketization; Over the years, the municipal government has continuously invested heavily in urban infrastructure construction, and various supporting facilities for living and living have been improved day by day, making the development structure of Guangzhou's real estate industry more reasonable.

telecommunications industry

Guangzhou is the information center of South China, and its information infrastructure is relatively perfect. It is one of the three major exports of long-distance telecommunications services in China, one of the three core nodes of the national Internet and one of the international exports, and one of the three major exchange centers of the national Internet. At present, Guangzhou has built a high-quality broadband information network with high bandwidth, covering the whole city, reliability, safety, advanced technology and complete services, basically realized the laying of optical fibers to residential areas and some commercial buildings, and established business platforms such as broadband data and interactive video. Guangzhou's local telephone program control, local telephone and mobile phone penetration rate all rank first in the provincial capital cities of China.