Foshan is located at the hinterland of the Pearl River Delta in the central part of Guangdong Province. Foshan has a modernised transportation base with air and rail transportation connecting the whole country, making it a prominent hub city of the Greater Bay Area.
Foshan is the country's most developed area in terms of private economy. Foshan's economy is manufacturing-based, among which equipment manufacturing is the primary pillar industry.
By means of modern industrial production concepts and technologies, Foshan has been a national demonstration base for agricultural industrialisation.
Statistics (as of 2019, to be updated)
Gross domestic product (GDP)
GDP per capita
Construction industry GDP
Development and Planning of Related Policy
In May 2019, "Several Policy Measures to Develop Foshan as an Innovative City to Promote Scientific and Technological Innovation and High-Quality Development" was issued to introduce and nurture talents, enhance basic research, support innovative enterprises and develop an innovation and technology platform.
In June 2019, "Implementation Measures for Setting Up Start-Up Incubation Bases for Hong Kong and Macao Youths in Foshan" was issued, measures include Hong Kong and Macao youths with start-up businesses in Foshan may enjoy the same treatment for start-up training, employment, rental and housing subsidies as local residents.
Foshan has established a pool of incubator platforms for the Guangdong-Hong Kong-Macao Youth Entrepreneur Community, with a view to attracting more private enterprises in the I&T industry to join.
In July 2019, "A 3-year Action Plan for Building the Guangdong-Hong Kong-Macao Greater Bay Area" was issued to foster the development of projects such as artificial intelligence and smart city, etc., so as to build a quality innovative developmental demonstration zone; and establish a communicative platform for intellectual property as well as improve the intellectual property evaluation mechanism, with a view to enhancing the use of intellectual property.