|Shantou (SEZ) Business Information|
|GDP (USD)||19.25 B|
|USD:RMB Exchange Rate||1:6.5|
|Average Mfg Employee Wage (per month)||1,758 RMB|
|Average Industrial Facility Cost (per month)||17.7 RMB/m2|
|Access to Logistics||Very Good|
Since receiving Special Economic Zone (SEZ) status from the Chinese government in the 1980′s, Shantou has been slower to expand than Shenzhen, Zhuhai, and other SEZ’s. In mid-2010, the coastal city of nearly five million in eastern Guangdong province is still mid-sized by Chinese standards. Its port plays an important role in the province of Guangdong‘s economy, shipping to nearby Hong Kong, Taiwan and other regional Asian destinations. Shantou is connected to the SEZ’s of Shenzhen and Xiamen via its international airport and several major highways. Although Shantou is not known as a manufacturing power, its decent location, logistical infrastructure, and various Special Economic Zone (SEZ) incentives make it a viable investment option.
|Major Cities near Shantou||Shantou’s Main Industries|
In 2007, Shantou utilized USD 170 million in FDI, and generated a GDP of USD 11.3 billion. By 2010 its FDI increased to USD just 204 million and its GDP to USD 19.25 billion; still miniscule in comparison to other SEZ’s. It is home to several large companies such as Nanyang Cable, Longguang Group, and Yihua Group. Shantou’s main industries include (toy production, textiles, plastic products, electric power, machinery, and chemicals). These industries are mainly concentrated in the light-manufacturing sector. Its skilled labor force is fed by Guangdong province’s 100 universities, enrolling 874,000 students.
Shantou and its major cities are attractive to many foreign investors. Please click here for more information on
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