Following Shenzhen and Guangzhou, Foshan is the third largest manufacturing base in the Pearl River Delta. Once home to a strong State-Owned Enterprises sector, its current economic strength lies in private firms and Township and Village Enterprises in Shunde and Nanhai. In 2002, private firms contributed 56.12% of the industrial output and firms from Hong Kong, Macau, and Taiwan contributed 63.44% in exports.

 

Key products in Foshan include:

  1. Furniture and lighting industry in Foshan is known as the world’s largest furniture wholesale market and the world’s largest lighting wholesale market.
  2. Household electrical appliance and tool manufacturing
  3. Non-metal ore and manufacturing
  4. Electronics and communications
  5. Stainless steel products
  6. Plastic products
  7. Ceramics
  8. Hi-Tech: Electronics Assembly & Manufacturing, Telecommunications equipment

Some well-known brands to come out of these pillar industries include Midea, Kelon, and Jianlibao.

 

Foshan aims to become a manufacturing giant and the third largest city in Guangdong. To do this, it has pledged to make large-scale investment in the construction of the infrastructure such as transportation and energy. Urban development will focus on the central urban group and Shunde(顺德区, one district of Foshan) urban group, each with more than one million inhabitants.

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