Guangzhou is China’s third-largest city in population (11 million) and the largest city in the Pearl River Delta, which is the world’s largest urban area in size and population, accounting for about 10 percent of China’s GDP. This booming port city, 75 miles northwest of Hong Kong, was among the earliest beneficiaries of China’s 1980s decision to open its economy to the world.
Three decades of domestic and foreign investment have produced widespread prosperity in Guangzhou, which is one of China’s most important consumer markets, boasting a per capita income significantly higher than China’s average. Demand for consumer goods and e-commerce is spurring development of industrial property and warehouses in Guangzhou.
Guangzhou is a center of manufacturing for a range of products, especially automobiles. Foreign automakers, such as Honda and Toyota, have established joint ventures in Guangzhou. The concentration of factories in the area has led Guangzhou to become one of the most important and active hubs for trade, logistics and distribution in the world. Twice annually, Guangzhou hosts the Canton Import and Export Fair, the largest trade show in China. Guangzhou Port is the eighth-busiest cargo port in the world and the fifth busiest in China, handling more than 16 million TEUs annually. Guangzhou Baiyun International Airport is China’s third most active, handling 55 million passengers in 2015.
Prologis operates industrial warehouse properties in the Guangzhou area.