Latest reform movements in China have seen the resurgence of Jiangmen town and Jiangmen port as profitable and crowded economic centers. The fact that Jiangmen was chosen as an experimental seat of the Regional Integration of Sustainable Economies (RISE) project by the Pacific Economic Cooperation Council (PECC) is a testimony to the great economic potential of this port. Many parts of this town, specially the port area, are being restored to their original charm and elegance to attract foreign investment and this has led the World Bank to rank Jiangmen as the 4th most viable option for investment in its report that had studied investment opportunities in 25 smaller towns of China.
Jiangmen’s main USPs are its investment rate, the proportion of joint ventures with foreign capitalists in small industries here and the availability of raw labor, proficient and economical in both technical and physical fronts. The city is scheduled to work on four specific areas of economic development in the future- Central Area, Two economic areas along the transport axis region and the Yinzhou lake economic area. FDI and investment in manufacturing units in these areas is a good option. Everyone who is remotely associated with the manufacturing industry here is a probable client. You can get your hands on some cheap manufacturing units, which are running to their potential and just require some intelligent marketing to start working in the high profit zone. Some of the major verticals with respect to manufacturing industries are stainless steal industries, food processing, electronics, appliances and motorcycles industries. Foreign investors are eying these already running and efficiently managed manufacturing units. The common tendency among foreign investors is to buy the whole manufacturing unit, along with its labor, plants, machineries and products, and market these products on global terms to cover up for their investment costs and later soar into high profits.
The Jiangmen port is all set to become the first Ocean Economic Zone in the world, with industries such as heavy machinery and petrochemicals to be set up all along the port area. Companies intend to export all their manufactured goods, duty free (that’s on offer in this special economic zone) directly to the world from here.
Factory – Destination concept is fast gaining popularity here and all tenders and auctions made by the government and planning agencies in China have been taken by many multinational and local companies in order to get prime land along the port to set up their manufacturing units. Jiangmen is also home to maximum population of overseas Chinese workers who work in other countries and come here during their vacations. This means that this place has strong connection, although unsynchronized, with many parts of the world.
Getting here is also easy, but requires a visa from Hong Kong. From Hong Kong, the best and the most economical way to enter Jiangmen port is through ferry services, you will have to go through regular customs and immigration checks though at the border.
So many opportunities lie here, and so many have already been taken up, and all this points to an exciting future, both for the international and the domestic investor in Jiangmen.