Guangzhou, the capital of Guangdong province and the center of pearl river delta, has great influence. As the No.1 business metropolitan, Guangzhou has a huge coverage of finance, trade and transportation etc, in its surrounding cities, so the service industry has a sound development. The service industry takes up 55.7% of the GDP, ranks second of all the city in China, following Beijing. Guangzhou’s GDP ranks the third place in China and the per capita GDP ranks the third. Now Guangzhou is the second service center in China.

Guangzhou is the transportation center in south china. It has a completing transportation system. Two main railways that running through China:” Beijing-Guangzhou line” and ”Beijing-Hong Kong line” meet at Guangzhou. Guangzhou has highways and expressway that can reach all the areas in south China. Guangzhou Baiyun International Airport is the first large-scale modern airport that constructed according to the centrum concept. The airport has been recognized as one of the three centrum airport by the Civil Aviation Bureau. The new airport has convenient transportation, it can connect the Guangzhou Railway Station and Nansha Port, which can strengthen Guangzhou’s function as transportation center.

Guangzhou has more than 38,000 foreign-fund projects and US$53.8 billion foreign fund. US$33.8 billion has been used. The second industry, which takes up 45% of Guangzhou’ economic volume, gains 60% of the foreign fund. More than 100 top 500 enterprises in the world have set up office in Guangzhou. Now the foreign-fund projects have some changes in structure, from processing trade to machinery and hi-tech. Foreign fund has become one drive of Guangzhou’ s economic development.

Petrochemical processing, car, electrical and communication equipment, three main manufacturing industry, reached RMB106,2 billion altogether in output value in 2002 and the growth rate was 23.0%. Among the three, car industry ranked the first. It has output value at 27.378 billion yuan and the growth rate was 37.2%. in the coming years, Guangzhou will focus on car, ship, exhibition and logistic industry. Guangzhou will become one of the three car bases and the logistic center in Southeast Asia.