Business in China: all about industrial parks

A well-functioning financial system, a market economy and high growth rates make China's economy one of the best in the world. China attracts companies from all over the world to develop their businesses on its territory. Large cities have huge factories producing almost all types of products.

But we should not forget about the peculiarities of the business environment in China. Regions differ not only in the specifics of production, but also in the rules of doing business, and even labor laws. If you want to establish production in the Celestial Empire, plan business tours to China in 2024. And we will tell you about the business centers of the country.

Shanghai

It is an international financial and trade center. The most developed sectors are electronics, information technology, automobile manufacturing, petrochemical industry, and biomedicine. It can rightfully be called the business center of China. And it is here that the country's second stock exchange operates.

The city began to develop rapidly after the China Pilot Free Trade Zone of Shanghai was established with tax incentives. Every year, local companies receive foreign investment in the amount of billions of dollars. And the local port is actively used for export and import by both local and foreign manufacturers.

Nearby there are also industrial parks of China (Suzhou) and economic development zones (Changshu), on the territory of which many domestic and foreign companies have built factories and warehouses. Manufacturing in China is a great way to build a profitable business.

Beijing

Beijing is the business center of China. It is in the capital that the main offices of the country's major state-owned companies are located. And the Chaoyang district has the unofficial title of "Beijing Wall Street". Thanks to a favorable investment environment, convenient transportation and a highly efficient telecommunications system, this is an excellent place for development. Are you going on a business trip to China ? Be sure to visit the capital.

Hong Kong

The special administrative region of China has been nicknamed a “tax haven” due to its extremely low taxes. And the city’s broad autonomy in business matters has created a unique environment in which technology is rapidly developing. The largest number of companies here operate in the fields of trade, logistics and IT.

Guangzhou

The capital of Guangdong Province specializes in the production of luxury goods - expensive cars, equipment and the development of innovations. The logistics process was improved after the construction of a high-speed road between Guangzhou and Hong Kong. It is also the industrial center of China. In addition to electronics, clothing, plastic products, furniture, equipment and household appliances for the whole world are produced here. Book factory tours to China to see with your own eyes how everything is organized.

 

Shenzhen

This city is called China's "Silicon Valley". The companies located here specialize in technology, financial services, logistics and e-commerce. Shenzhen is the birthplace of such companies as Tencent, Huawei, DJI. Together with Guangzhou, Shenzhen is included in the development plan of the Greater Bay Area. It is planned to create a unique region for both life and business.

Chongqing

This region has been developing particularly strongly in recent years. Its specific features are

Huge production areas occupied by the automobile industry. And thanks to its convenient location, cargo transportation to Europe takes only 12 days, which makes the city an important logistics hub.

Dongguan

Over the past three decades, the small town has become a center for the production of light industry goods. About 20 thousand foreign companies have located their factories here. The production of smartphones, household appliances, industrial equipment and furniture is also well developed.

Interested in China's business centers? Trust the organization of your trip to China to the experts at Travel Code to ensure your business trip is a success.