How One Chinese Province Became Richer Than All of Russia
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Published on Jul 19, 2020
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At the end of 2015, Guangdong's GDP was $1.125 trillion, while Russia's was $1.178 trillion. Taking into account the growth in the first quarter of 2016, Guangdong's GDP exceeded Russia's. Although this is only one of the regions of China. Two years later, in 2018, Russia's GDP is $1.553 trillion, while Guangdong's is $1.4 trillion. Guangdong Province is a world leader in robotics. Qualified engineers and automation make it possible to quickly produce a huge number of high-quality products. If your business is not related to goods and production, then there is also something to do. Dozens of accelerators and incubators with support from the state and local funds. This is where many high-tech giants Tencent, Huawei, etc. are based. Guangdong has very well-established logistics, which allows you to deliver cargo to seaports in a matter of hours, and they are conveniently located along the southern coast of China. The Port of Shenzhen, which consists of five terminals, is the third busiest in the world. Guangzhou and Hong Kong are also in the top ten, and the port of Dongguan is in the top 50. The ports have been operating for decades. The large flow of goods ensures attractive transportation prices and the absence of any delays. Many online trading companies are located in Guangdong. They directly ship their goods from here to customers from all over the world. Guangdong is a good and convenient place for foreigners, especially in the large cities of Guangzhou and Shenzhen. Both cities have large international communities, so you can find not only Chinese business partners in Guangdong. The Russian market is widely represented by consumer electronics, home appliances and smartphones from companies in Guangdong Province. All top smartphone manufacturers, namely Huawei, Oppo, Lenovo, Vivo, have Russian divisions. In 2019, Huawei shipped more than 10 million smartphones to Russia.
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