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Dongguani

Latest news, analysis, explainers and updates on policy announcements, corporate developments and investment opportunities focused on Dongguan under the Greater Bay Area (GBA) initiative in southern China’s Pearl River Delta The coverage includes politics and policies, business, lifestyle and culture and useful to-do guides about living, working and studying in the GBA.

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  • China plans to turn Hainan into the world’s largest free-trade port by 2025, using lower taxes and looser visa rules to attract investors, businesses and individuals
  • For the most part, Hainan’s development will be complementary to Hong Kong and Guangdong, and open up trade opportunities with Southeast Asia
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Dongguan lifts home-buying curbs in the city’s last five remaining neighbourhoods, but maintains restrictions on resales for two years to dampen speculation.

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Greater Bay Area, which is home to four top 10 richest people in China, will have a new cross-border trading scheme for investment products, a core project by Beijing to promote capital flows and investment among the 11 cities in the plan.

Developers forked out US$12.59 billion on land in the nine mainland Chinese cities of the future economic hub in the first quarter, up 30 per cent from pre-Covid levels.

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The "Greater Bay Area" refers to the Chinese government's scheme to link the cities of Hong Kong, Macau, Guangzhou, Shenzhen, Zhuhai, Foshan, Zhongshan, Dongguan, Huizhou, Jiangmen and Zhaoqing into an integrated economic and business hub.

Dongguan is the fifth-largest city in the Greater Bay Area by size of economy, boosted by investments by the likes of Swire Pacific, Samsung and Gillette.

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Dongguan, a city in China’s Greater Bay Area development zone that is also home to Huawei Technologies’ new campus, has recorded a sharp increase in home prices, which have been boosted by increased liquidity and speculative buying driven by hopes around its economy.

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In China’s manufacturing hub of Dongguan, a sock factory has survived Sars, the global financial crisis and the US-China trade war, but ‘it can’t survive 2020’.

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Dongguan, once a thriving manufacturing hub, is on the frontline of a second wave demand shock that is hitting Chinese exporters trying to recover from the coronavirus.

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Hi-tech Chinese companies Huawei, SMIC and YMTC, along with the local units of Samsung, SK Hynix and LG Display, maintained operations to manufacture parts and products, despite Beijing’s call to halt all work in some cities and provinces.

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Land prices in the manufacturing hub have soared as builders have used increasingly aggressive bidding tactics to get a foothold in the Greater Bay Area

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Zhuhai tops the list of Greater Bay Area cities on the mainland with price gains of 1.8 per cent since February, closely followed by Dongguan at 1.7 per cent.

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