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Guangzhou, traditionally called as Canton, is the capital and most populous city of the province of Guangdong in southern China. Located on the Pearl River about 120 km north-northwest of Hong Kong and 145 km north of Macau, Guangzhou has a history of over 2,200 years and was a major terminus of the maritime Silk Road and continues to serve as a major port and transportation hub today. Guangzhou is situated at the heart of the most-populous built-up metropolitan area in mainland China, an area that extends into the neighboring cities of Foshan, Dongguan, and Shenzhen, forming one of the largest urban agglomerations on the planet. Administratively, the city holds sub-provincial status; and is one of China's five National Central Cities. In 2015 the city's administrative area was estimated to have a population of 13,501,100. Guangzhou is ranked as an Alpha- Global city. In recent years, there has been a rapidly increasing number of foreign residents and immigrants from Southeast Asia, the Middle East, Eastern Europe, and especially from Africa. This has led to it being dubbed the "Capital of the Third World". The migrant population from other provinces of China in Guangzhou was 40 percent of the city's total population in 2008. Together with Shanghai, Beijing and Shenzhen, Guangzhou has one of the most expensive real estate markets in China.
Economy & City Reputation
The "China Import and Export Commodities Fair", held in Guangzhou in spring and autumn every year, has established economic and trade ties with more than 200 countries and regions, attracting a large number of merchants and investors. There are 27,000 foreign invested enterprises in Guangzhou; The world's top 500 companies have 288, of which 120 have headquarters or regional headquarters in Guangzhou. The total retail sales of consumer goods in Guangzhou, total household deposits (resident savings deposits) and household deposits per capita are the top three in the country, with disposable income per capita ranking first in the province. The United Nations reports that the Guangzhou human development index ranks first in China. Besides, in 2017, Fortune Global Forum is held in Guangzhou. Moreover, Guangzhou ranked third in China's top 100 cities for three consecutive years.
Guangzhou boasts rich tourism resources, including the new eight sights, Zhongshan memorial hall, Huangpu academy, Guangzhou art museum, Guangzhou flower expo park, Shangxiajiu commercial pedestrian street, Beijing road commercial pedestrian street and the most famous Canton tower, ect.