1. Guangdong province represents over 10% of China's GDP, exports, investments and consumer sales due to three waves of investment that drove industrialization since the 1980s. 2. Small and medium enterprises producing textiles, electronics and other goods form the industrial base of south China, though foreign direct investment is also significant. Local governments opportunistically support business development through infrastructure but provide little funding. 3. Proximity to Hong Kong was a major factor in Guangdong's growth, providing ports, transportation links and over 40% of foreign investment, but the model faces challenges from competition and lack of innovation.