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Guangdong Free-Trade Zone
Guangdong Free-Trade Zone (Guangdong FTZ, colloquially known as 广东自由贸易区/广东自贸区 in Chinese), officially China (Guangdong) Pilot Free-Trade Zone () is a free-trade zone in Guangdong province, China. It is a free-trade zone near Hong Kong and Macau. The zone covers an area of 116.2 square kilometres and integrates three existing bonded zones in four areas — Nansha New Area in Guangzhou (60 square kilometres), Qianhai and Shekou Industrial Zone (Qianhai Shekou Subdistrict) in Shenzhen (28.2 square kilometres) and Hengqin Subdistrict in Zhuhai Zhuhai (, ; Yale: ''Jyūhói''), also known as Chuhai is a prefecture-level city located on the west bank of Pearl River estuary on the central coast of southern Guangdong province, People's Republic of China, on the southeastern edge of Pearl ... (28 square kilometres). References External links * Nansha New Area SubdistrictQianhai Shekou SubdistrictHengqin Subdistrict {{coord missing, Guangdong Special Economi ...
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Direct-controlled Municipalities Of China
A direct-administrated municipality (), commonly known as municipality, is the highest level of classification for cities used by the People's Republic of China. These cities have the same rank as provinces and form part of the first tier of administrative divisions of China. A municipality is a "city" () with "provincial" () power under a unified jurisdiction. As such, it is simultaneously a city and a province in its own right. A municipality is often not a "city" in the usual sense of the term (i.e. a large continuous urban settlement), but instead an administrative unit comprising, typically, a main central urban area (a city in the usual sense, usually with the same name as the municipality) and its much larger surrounding rural area containing many smaller cities (districts and subdistricts), towns and villages. The larger municipality spans over . To distinguish a "municipality" from its actual urban area (the traditional meaning of the word ''city''), the term "urban ar ...
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Guangzhou
Guangzhou (, ; ; or ; ), also known as Canton () and alternatively romanized as Kwongchow or Kwangchow, is the capital and largest city of Guangdong province in southern China. Located on the Pearl River about north-northwest of Hong Kong and north of Macau, Guangzhou has a history of over 2,200 years and was a major terminus of the maritime Silk Road; it continues to serve as a major port and transportation hub as well as being one of China's three largest cities. For a long time, the only Chinese port accessible to most foreign traders, Guangzhou was captured by the British during the First Opium War. No longer enjoying a monopoly after the war, it lost trade to other ports such as Hong Kong and Shanghai, but continued to serve as a major transshipment port. Due to a high urban population and large volumes of port traffic, Guangzhou is classified as a Large-Port Megacity, the largest type of port-city in the world. Due to worldwide travel restrictions at the beginni ...
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Shenzhen
Shenzhen (; ; ; ), also historically known as Sham Chun, is a major sub-provincial city and one of the special economic zones of China. The city is located on the east bank of the Pearl River estuary on the central coast of southern province of Guangdong, bordering Hong Kong to the south, Dongguan to the north, and Huizhou to the northeast. With a population of 17.56 million as of 2020, Shenzhen is the third most populous city by urban population in China after Shanghai and Beijing. Shenzhen is a global center in technology, research, manufacturing, business and economics, finance, tourism and transportation, and the Port of Shenzhen is the world's fourth busiest container port. Shenzhen is classified as a Large-Port Megacity, the largest type of port-city in the world. Shenzhen roughly follows the administrative boundaries of Bao'an County, which was established since imperial times. The southern portion of Bao'an County was seized by the British after the Opium Wars an ...
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Zhuhai
Zhuhai (, ; Yale: ''Jyūhói''), also known as Chuhai is a prefecture-level city located on the west bank of Pearl River estuary on the central coast of southern Guangdong province, People's Republic of China, on the southeastern edge of Pearl River Delta. Its name literally means "pearl sea", which originates from the city's location at the mouth of the Pearl River meeting the South China Sea. Zhuhai borders Jiangmen to the west, Zhongshan to the north and Macau to the southeast, and shares maritime boundaries with Shenzhen and Hong Kong to the northeast across the estuary. Zhuhai was one of the original four Special Economic Zones established in 1980, as well as one of China's premier tourist destinations, being called the Chinese Riviera. While the city is located in the traditionally Cantonese-speaking province of Guangdong, a significant portion of the population is now made up of Mandarin-speaking economic migrants originally from inland provinces. The core of Zhuhai, ...
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China Standard Time
The time in China follows a single standard time offset of UTC+08:00 (eight hours ahead of Coordinated Universal Time), even though the country spans almost five geographical time zones. The official national standard time is called ''Beijing Time'' (BJT, ) domestically and ''China Standard Time'' (CST) internationally. Daylight saving time has not been observed since 1991. China Standard Time (UTC+8) is consistent across Mainland China, Hong Kong, Macau, Taiwan, Philippines, Singapore, Brunei, Mongolia, etc. History In the 1870s, the Shanghai Xujiahui Observatory was constructed by a French Catholic missionary. In 1880s officials in Shanghai French Concession started to provide a time announcement service using the Shanghai Mean Solar Time provided by the aforementioned observatory for ships into and out of Shanghai. By the end of 19th century, the time standard provided by the observatory had been switched to GMT+08:00. The practice has spread to other coastal ports, and in ...
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Free-trade Zone
A free-trade zone (FTZ) is a class of special economic zone. It is a geographic area where goods may be imported, stored, handled, manufactured, or reconfigured and re- exported under specific customs regulation and generally not subject to customs duty. Free trade zones are generally organized around major seaports, international airports, and national frontiers—areas with many geographic advantages for trade. Definition The World Bank defines free trade zones as "small, fenced-in, duty-free areas, offering warehousing, storage, and distribution facilities for trade, transshipment, and re-export operations". Free-trade zones can also be defined as labor-intensive manufacturing centers that involve the import of raw materials or components and the export of factory products, but this is a dated definition as more and more free-trade zones focus on service industries such as software, back-office operations, research, and financial services. Synonyms Free-trade zones are re ...
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Guangdong
Guangdong (, ), alternatively romanized as Canton or Kwangtung, is a coastal province in South China on the north shore of the South China Sea. The capital of the province is Guangzhou. With a population of 126.01 million (as of 2020) across a total area of about , Guangdong is the most populous province of China and the 15th-largest by area as well as the second-most populous country subdivision in the world (after Uttar Pradesh in India). Its economy is larger than that of any other province in the nation and the fifth largest sub-national economy in the world with a GDP (nominal) of 1.95 trillion USD (12.4 trillion CNY) in 2021. The Pearl River Delta Economic Zone, a Chinese megalopolis, is a core for high technology, manufacturing and foreign trade. Located in this zone are two of the four top Chinese cities and the top two Chinese prefecture-level cities by GDP; Guangzhou, the capital of the province, and Shenzhen, the first special economic zone in the count ...
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Hong Kong
Hong Kong ( (US) or (UK); , ), officially the Hong Kong Special Administrative Region of the People's Republic of China ( abbr. Hong Kong SAR or HKSAR), is a city and special administrative region of China on the eastern Pearl River Delta in South China. With 7.5 million residents of various nationalities in a territory, Hong Kong is one of the most densely populated places in the world. Hong Kong is also a major global financial centre and one of the most developed cities in the world. Hong Kong was established as a colony of the British Empire after the Qing Empire ceded Hong Kong Island from Xin'an County at the end of the First Opium War in 1841 then again in 1842.. The colony expanded to the Kowloon Peninsula in 1860 after the Second Opium War and was further extended when Britain obtained a 99-year lease of the New Territories in 1898... British Hong Kong was occupied by Imperial Japan from 1941 to 1945 during World War II; British administration resume ...
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Macau
Macau or Macao (; ; ; ), officially the Macao Special Administrative Region of the People's Republic of China (MSAR), is a city and special administrative region of China in the western Pearl River Delta by the South China Sea. With a population of about 680,000 and an area of , it is the most densely populated region in the world. Formerly a Portuguese colony, the territory of Portuguese Macau was first leased to Portugal as a trading post by the Ming dynasty in 1557. Portugal paid an annual rent and administered the territory under Chinese sovereignty until 1887. Portugal later gained perpetual colonial rights in the Sino-Portuguese Treaty of Peking. The colony remained under Portuguese rule until 1999, when it was transferred to China. Macau is a special administrative region of China, which maintains separate governing and economic systems from those of mainland China under the principle of " one country, two systems".. The unique blend of Portuguese and Chinese arc ...
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Nansha New Area
Nansha District and Nansha New Area is one of 11 urban districts and a state-level new area of the prefecture-level city of Guangzhou, the capital of Guangdong Province, China. It is the home of the present-day port of Guangzhou, as well as the Nansha Wetland Park. The Nansha Technology Development Zone was carved out of Panyu District in 1993. In 2005, it was named Nansha District. In September 2012, Nansha was designated a State-level New Area as Nansha New Area, the sixth such area. New area Nansha is the newly established state-level new area ( special economic and political administration zone) under the direct control of Guangzhou Municipal Government in September 2012. In September 2012 Nansha New Area was approved by the State Council of China's Central Government as the sixth state-level new area (followed by Pudong of Shanghai, Binhai of Tianjin, Liangjiang of Chongqing, Zhoushan of Zhejiang, and Lanzhou New Area, Gansu), which is also the first state-level ...
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Qianhai
Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone () is a commercial development in Shenzhen, Guangdong that is also known as Qianhai New District. Located in Nanshan District and encircled by the Shuangjie River, Yueliangwan Boulevard, Mawan Boulevard and Qianhai Bay, Qianhai covers an area of approximately , comprising almost entirely reclaimed land. The project is expected to be completed by 2020. Strategic positioning According to plans made by the Qianhai administration, as the pilot district for cooperation between mainland China and Hong Kong and innovation in the service industry, Qianhai undertakes four functions: # An area that will aim to facilitate innovation in the modern service industry # An area that will aim to become a hub of modern services and modern service development # A pilot area for closer cooperation between mainland China and Hong Kong # A facilitator in the industrial reform and sustainable economic development of the Pearl River ...
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Shekou Industrial Zone
Shekou () is an area at the southern tip of Nanshan District, Shenzhen, Guangdong Province, China. It faces Yuen Long, Hong Kong across the Shenzhen Bay. It has been designated as a Free Trade Zone by the government, alongside Qianhai, Hengqin and Nansha New Area. History The area was formerly a customs station of Bao'an County. On 31 January 1979, it became officially known as the Shekou Industrial Zone, developed solely by China Merchants Group of Hong Kong under Yuan Geng's leadership, earlier than the formation of the Shenzhen Special Economic Zone. The event is chronicled in the Chinese ballad "The Story of Spring (春天的故事)". Since the 1980s, after foreign oil majors such as Agip, Chevron, Texaco, Statoil and Shell obtained concessions for oil exploration in the South China Sea, Shekou started serving as a base for a small contingent of foreign oil platform workers, since qualified personnel were not available locally. As a result of this first mover advantage ...
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