China is the economic juggernaut of Asia, a powerhouse of money-making driven by a large population of hard-working people. Despite the fact that China already creates huge amounts of wealth and opportunity, there is still much more that can be accomplished there for international entrepreneurs who want to be a part of this modern business miracle.
While the most active business regions in China are Beijing and Shanghai, they are just a portion of the country’s vast economic potential. Today we will examine some of the other provinces that are welcoming companies who wish to enter the Chinese market, they want your business and getting a certificate of the registration of a company has never been easier! These are provinces ranged along the southeastern coast of China, which is the most populated, most developed, and the richest region in China. They all share a long history of being trade centres heavily involved in manufacturing, distribution, import, and export.
Let’s take a closer look at these provinces of opportunity!
Jiangsu Province –
- The Population: Estimated at 85 million
- The Main Trading Cities: Nantong, Nanjing, Suzhou, and Wuxi
- The Main Port: The Port of Suzhou
- The Main Imports: Electronic components and high tech
- The Main Exports: industrial raw materials and mechanical devices
Rich in natural resources like gas, oil, coal, water, and salt, Jiangsu Province is one of China’s major industrial centres with an annual GDP of over 12 trillion yuan. Jiangsu province provides a variety of support services to China’s heavy industries. Jiangsu Province is home to 12 major cities each with a population of over 3 million residents. The city of Suzhou is the world’s largest river port, it is located on the banks of the Yangtze River allowing for convenient access to inland regions of China as well as Pacific Ocean trade routes.
An eager participant part in the nation’s policy of encouraging foreign investment, Jiangsu Province is able to offer a large number of incentives for international companies considering registering their company in China.
Guangdong Province –
- The Population: Estimated at 127 million, this is China’s most populous province
- The Main Trading Cities: Dongguan, Guangzhou, Shenzhen,
- The Main Port: The Port of Guangzhou
- The Main Imports: Electronic components, and electrical systems
- The Main Exports: Electronic products, and precision tools
China’s electronic production and distribution operation is centred in Guangdong Province. 90% of all the factories producing electronic products in the nation are located in just three of the province’s cities: Shenzhen, Dongguan, and Guangzhou. Shenzhen has been dubbed China’s Silicon Valley and is the unofficial electronics capital of China.
Guangdong Province is home to dozens of highly advanced port cities and thousands of factories producing a wide range of manufacturing technologies for consumption by both local and international companies.
Guangdong Province has earned the title of being “the world’s workshop”, by providing convenient locations and opportunities for a plethora of sectors including advanced manufacturing, high-tech, and agriculture. Guangdong Province has three trade oriented special economic zones comprised of the cities of Shantou, Shenzhen, and Zhuhai. The province is home to a bustling business environment and its seaports are among the world’s largest and busiest.
Zhejiang Province –
- The Population: Estimated at 66 million residents
- The Main Trading Cities: Ningbo, Hangzhou, Wenzhou
- The Main Port: Ningbo Zhoushan Port
- The Main Imports: IT, or Information Technology
- The Main Exports: Electronics and building materials,
Zhejiang Province’s non-stop commercial activity makes it one of China’s most important provinces, responsible for over 14% of China’s total exports. The provincial government of Zhejiang Province allocates a large number of resources for investment in its local businesses, and is focused on service and technology innovation.
Zhejiang Province was once a centre for light industries manufacturing furniture, clothing, and toys, but that has changed in the 21st century, due in part to its close neighbour the massive city of Shanghai, which could be considered to be a province unto itself. Zhejiang Province’s manufacturing sector has now switched over to heavy industry, and is home to a wide range of highly advanced factories that are producing a variety of materials for the electronics, textile, and construction industries.
Fujian Province –
- The Population: Estimated at 41 million residents
- The Main Trading Cities: Quanzhou, Fuzhou, Putian, Xiamen
- The Main Port: Fuzhou Port
- The Main Imports: Cement, metals, and oils
- The Main Exports: Footwear, electronics, and textiles
One of China’s most dynamic provinces, Fujian Province’s pleasant climate and coastal cities make it a very popular tourist destination. Due to its strategic location facing Taiwan, it is also one of the most attractive provinces for foreign investments, a region brimming with possibilities.
Shandong Province –
- The Population: Estimated at 101 million inhabitants
- The Main Trading Cities: Jinan, Qingdao, Yantai
- The Main Port: Port of Qingdao
- The Main Imports: Minerals, seeds, fruits, and vegetables
- The Main Exports: Oil, machinery and complex equipment, electronics, and textiles
Shandong Province is one of China’s most beloved provinces thanks to its rich cultural and historical past. Located south of the nation’s capital city of Beijing, the coastal plain it occupies gives it easy access to the sea. The strategic location of the Port of Qingdao, and the province’s extensive investment in railway networks have positioned Shandong as one of China’s richest provinces, making it the third largest economy in the country.
The major industries of Shandong Province are petroleum and oil production, chemical production, electricity and energy production, packaging of raw materials for agriculture, and construction materials production.
Shandong Province produces 12% of China’s total exports of petroleum, and around 60% of all foreign investment in the province is in its powerful manufacturing sector. Shandong Province is one of China’s most populous, and is a very popular locale for those Chinese citizens hoping to work for those international companies interested in participating in its many and diverse industrial services.
China is a treasure trove of economic opportunities, if you are interested in registering a company there to reap the possibilities, then look no further than the vibrant provinces of the coast!
