Core Insights - Guangdong is experiencing significant growth in foreign direct investment (FDI) despite a global decline, with new foreign enterprises increasing by 34% and actual FDI amounting to 70.87 billion yuan, a 9.4% increase year-on-year [1][2] - The province's ability to attract foreign investment is attributed to its strategic role in China's new development pattern and its strong industrial foundation [1][4] Summary by Sections Foreign Investment Growth - Guangdong established 21,000 new foreign enterprises from January to August this year, significantly outperforming the national average [1] - The actual FDI in Guangdong reached 70.87 billion yuan, contrasting with a national FDI decline of 13.4% in the same period [1][2] Historical Phases of Foreign Investment - The first phase (early reform to mid-1990s) saw Guangdong attract capital primarily from Hong Kong and Taiwan, focusing on labor-intensive industries [2] - The second phase (mid-1990s to around 2010) marked diversification of foreign investment sources, with a rise in technology-intensive sectors, establishing Guangdong as a global manufacturing hub [2][3] Current Trends in Foreign Investment - The third phase reflects a shift towards high-quality foreign investment, focusing on innovation and integration into local supply chains, with Guangdong becoming a center for advanced manufacturing [3][5] - The province is now a leader in strategic emerging industries like semiconductors, robotics, and biomedicine, with foreign investments increasingly directed towards R&D and innovation [5][6] Regional Development and Market Dynamics - The Guangdong-Hong Kong-Macau Greater Bay Area is transitioning from a "world factory" to a "global innovation hub," attracting foreign investment through high-level openness and industrial transformation [4][6] - Guangdong's large consumer market and geographical advantages are prompting foreign companies to shift their focus from international manufacturing to meeting local demand [7][8] Investment Environment and Policy Support - Guangdong has implemented a series of policies to enhance its investment environment, including measures to protect foreign investment rights and attract multinational corporations [9][10] - The province's proactive approach has resulted in over 100 investment promotion events this year, reinforcing its appeal to foreign investors [9] Future Outlook - The region is positioned as a key player in the global supply chain, with ongoing projects enhancing its manufacturing capabilities and market responsiveness [8][9] - Guangdong's commitment to innovation and collaboration is expected to further solidify its status as a preferred destination for foreign investment [12]

Core Viewpoint - Guangdong is successfully attracting foreign investment despite a global trend of caution, showcasing a strong "magnetic effect" that contributes to high-level openness and economic growth [1][3]. Summary by Sections Foreign Investment Performance - In the first eight months of this year, Guangdong established 21,000 new foreign-funded enterprises, a year-on-year increase of 34%, with actual foreign direct investment (FDI) amounting to 70.87 billion yuan, up 9.4% year-on-year, both significantly outperforming national averages [1][3]. Stages of Foreign Investment Utilization - The evolution of foreign investment in Guangdong can be divided into three significant stages, each reflecting changes in national development and global industrial patterns [4][5]. - The initial stage (early reform to mid-1990s) focused on labor-intensive industries, leveraging proximity to Hong Kong and Macau for capital and market access [5][6]. - The second stage (mid-1990s to around 2010) saw diversification of foreign investment sources, with a rise in technology-intensive sectors, establishing Guangdong as a global manufacturing hub [6][8]. - The current stage emphasizes high-quality development, with foreign investment shifting towards innovation-driven sectors, aligning with China's new development paradigm [8][9]. Transformation of Foreign Investment Structure - Guangdong is transitioning from a manufacturing base to a hub for advanced manufacturing and emerging industries, with a focus on sectors like semiconductors, robotics, and biomedicine [11][12]. - The region has become the largest producer of intelligent robots in China, accounting for 44% of the national output, and is attracting significant foreign investment in R&D and manufacturing [11][12]. Regional Market Dynamics - With a population of 128 million and a leading retail market, Guangdong is shifting foreign investment strategies from international manufacturing to catering to domestic demand [14][16]. - Major foreign companies are establishing production and R&D facilities in Guangdong to enhance local supply chain responsiveness [14][16]. Investment Environment Optimization - Guangdong has implemented a series of policies to attract foreign investment, including measures for investment promotion, rights protection, and enhancing the operational environment for foreign enterprises [18][19]. - The region has organized over 100 investment promotion activities this year, reinforcing its appeal to foreign investors [18][19]. Economic Transformation and Innovation - Guangdong's economic success is attributed to the synergy between reform and economic transformation, fostering a competitive environment for innovation and attracting global resources [20][21]. - The Guangdong-Hong Kong-Macau Greater Bay Area is positioned as a strategic region for innovation, with a strong emphasis on technology and manufacturing integration [21][22].

Core Viewpoint - Guangdong is becoming a preferred investment destination for multinational companies, showcasing significant growth in foreign direct investment (FDI) and new foreign enterprises, driven by its evolving economic landscape and strategic advantages [1][2]. Foreign Investment Growth - In the first eight months of this year, Guangdong established 21,000 new foreign enterprises, a year-on-year increase of 34%, with actual foreign investment amounting to 70.87 billion yuan, up 9.4% year-on-year [1]. - These growth rates significantly outpace the national averages of 14.8% and -12.7% for new foreign enterprises and FDI, respectively [1]. Investment in New Technologies - ExxonMobil's recent $10 billion investment in the Huizhou ethylene project represents a major shift towards high-end chemical production in Guangdong, featuring advanced technology and significant production capacity [3][4]. - The project will produce 1.6 million tons of ethylene annually and includes the world's largest single-unit low-density polyethylene facility, enhancing Guangdong's position in the global chemical supply chain [3][4]. Industry Transformation - The global petrochemical industry is undergoing a transformation towards reducing oil production and increasing chemical output, with Guangdong's robust industrial base supporting this shift [5]. - The region's extensive coastline and port infrastructure provide significant cost advantages for importing raw materials and exporting products, making it an attractive location for foreign investment [5]. Automotive Industry Development - The automotive sector is a key area for multinational investment, with companies like ZF Friedrichshafen establishing R&D centers in Guangdong to leverage the region's automotive ecosystem [7][8]. - The collaboration between ZF and local automotive manufacturers is fostering innovation in smart and electric vehicles, positioning Guangdong as a hub for automotive technology [9]. Consumer Market Dynamics - Guangdong's large and youthful population is driving demand for high-quality products, including beer, with foreign companies like Carlsberg investing in local production facilities to meet this demand [11][12]. - The region's beer market is experiencing growth, with Carlsberg's new brewery in Foshan expected to significantly enhance supply chain efficiency and profitability [11][12]. Strategic Investment Initiatives - Guangdong is enhancing its investment environment through targeted policies and initiatives aimed at attracting foreign capital, particularly in high-tech and emerging industries [14][15]. - The province's focus on "new quality investment" and the establishment of R&D headquarters for multinational companies reflect its commitment to fostering innovation and economic development [14][15]. Conclusion - The combination of Guangdong's market potential, strategic location, and supportive government policies is making it a focal point for foreign investment, particularly in high-tech and innovative sectors [17].

Core Viewpoint - Guangdong province is demonstrating strong foreign investment growth despite a global decline in foreign direct investment (FDI), with new foreign enterprises increasing by 34% and actual utilized FDI reaching 70.87 billion yuan, a 9.4% increase year-on-year [2][3]. Group 1: Foreign Investment Growth - Guangdong has established itself as a favored destination for foreign investment, with significant increases in new foreign enterprises and actual FDI, outperforming national averages [2][3]. - The province's strategic position in the new development pattern of China is enhancing its attractiveness to foreign investors [4][6]. Group 2: Historical Context of Foreign Investment - The evolution of foreign investment in Guangdong can be divided into three significant phases, each reflecting changes in national development and global industrial patterns [3][4]. - The initial phase focused on labor-intensive industries, while the second phase saw diversification and growth in technology-intensive sectors following China's WTO accession [4][5]. Group 3: Current Trends and Future Outlook - Guangdong is transitioning from a manufacturing base to a hub for innovation, with a focus on high-tech industries such as semiconductors, robotics, and biomedicine [6][7]. - Major foreign companies are increasingly investing in R&D and local supply chains, indicating a shift from mere manufacturing to collaborative innovation [8][9]. Group 4: Policy and Strategic Initiatives - The provincial government has implemented a series of policies to attract and retain foreign investment, including measures for investment promotion and protection of foreign enterprises [11][12]. - Guangdong's proactive approach in organizing investment activities and enhancing the business environment is contributing to its status as a leading investment destination [11][12]. Group 5: Regional and Global Integration - Guangdong's geographical advantages and its role in the Belt and Road Initiative are strengthening its regional supply chain networks, attracting significant foreign investment in various sectors [10][12]. - The province is positioned as a key player in the global supply chain, with major projects supporting local industries and meeting the growing demand from ASEAN markets [10][12].

南方财经记者谭海燕吴蓉程浩实习生徐瑞婉广州、佛山、惠州报道 广州花都，采埃孚广州技术中心的实验室里，几名工程师正埋头调试智能底盘系统；惠州大亚湾，埃克森美孚的高端化工新材料从一套全球领先的裂解装 置中不断产出；湛江东海岛，槽罐车排着队，将巴斯夫（广东）一体化基地的化工原料运往附近的下游企业。 这些繁忙的跨国公司，是广东"经济大省挑大梁"的重要力量。 9月24日，超强台风桦加沙携年度"风王"之势袭向广东，但短暂的"五停"并未让广东经济发展热度受到丝毫影响。 9月25日，广东省商务厅公布最新数据显示，今年1-8月广东新设外资企业2.1万个、同比增长34%，实际使用外资金额（FDI）708.7亿元、同比增长9.4%。 横向对比，广东上述2项关键外资指标增速都显著高于全国平均水平（14.8%、-12.7%），并在东部主要经济大省中处于领跑位置；纵向对比，今年以来广 东FDI增速呈明显稳中有进态势，与2022-2024年的负增长形成鲜明反差。今年下半年以来，广东FDI增速还进一步加快。面对全球经济不确定性，越来越 多跨国公司将广东视为投资首选地。 这种选择背后，蕴藏着投资广东的逻辑之变。改革开放之后，依托毗邻港澳、成本 ...

Core Viewpoint - The collaboration between ExxonMobil and Guangdong Dongjie New Materials Co., Ltd. aims to leverage their respective strengths in brand influence and local experience to develop automotive components using cyclic olefin resin and composite materials [1][2]. Group 1: Company Overview - Guangdong Dongjie New Materials Co., Ltd. was established on September 1, 2022, focusing on the research and production of new material technologies, primarily in chemical raw materials and products [2]. - The company has invested in two enterprises, including Jinrui Resin (Zhuhai) Co., Ltd. and Zhuhai Dongjie Technology Co., Ltd., with a 100% investment ratio in both [3]. Group 2: Project Details - The first benchmark project of the collaboration is a 100,000 tons/year cyclic olefin resin project, with a total investment of 1 billion yuan, expected to be completed and operational by the end of September this year [2]. - The project aims to enhance the competitiveness of the company in the global high-end resin market and promote the growth of the new materials industry cluster in Zhuhai [2].