20
Kong. In fact, Foshan relies very little on central government's
investment. Less than 2% of the City's investment is allocated by the
State.
33.
The industrial development strategy in Foshan is mainly to use foreign
funds to rejuvenate old enterprises. With the importation of technological know-how
and capital from Hong Kong, the industries in Foshan has developed steadily and
rapidly. The total industrial output in 1990 is RMB 20.72 billion, more than 10 times
of that in 1978 at 1980 constant price.
34.
Industries in Foshan are basically dominated by manufacturing. The five
main industrial groups are: textiles, electronics, plastics, ceramics and household
electric appliances. Household electric appliances and electronic industries have the
highest rate of development. With the adoption of high technology, the industrial
products have been upgraded and about 20% of the enterprises carry out their
production according to international standards, whilst many of them were capable of
accepting export orders in large quantities. A great variety of products are
manufactured, including television sets, video recorders, photo-electric materials,
refrigerator, electric fans, etc. Also worth mentioning is the 'Shiwan tiles', one of the
Foshan ceramics products. The production of wall and floor tiles in Shiwan District
accounts for some 20% of the total national production. Shiwan has therefore become
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