Zhongshan, together with Dongguan, Nanhai and Shunde, are dubbed as Four Little Tigers in Guangdong. The proximity of Zhongshan to Hong Kong and Macau is an advantage to its economic development, especially on the manufacturing industries.
In the 1980s, Zhongshan had a relatively developed State-Owned Enterprises (SOE) sector that was used to stimulate Township and Village Enterprises (TVE) development in the countryside. Currently, the SOE sector is much weaker and the economy is dominated by foreign investment and TVEs, and also by various specialized manufacturing towns. Each of these towns is specialized in making a particular product. Most of the towns are so successful that they earn a reputation as a leading manufacturer in their own pillar industries. Indeed, "One Industry in One Town" has become a unique economic feature in Zhongshan.
Zhongshan Torch Zone (Zhongshan Torch Hi-tech Industrial Development Zone) is a nation-level new hi-tech industrial development zone, which was jointly established by the Ministry of Science and Technology of the People's Republic of China, the People's Government of Guangdong Province and Zhongshan Municipal Government in 1990. Zhongshan Torch Zone, lying to the west of the Pearl River Estuary, and Shenzhen and Hong Kong are on the opposite sides of the sea. What run through the city are Beijing-Zhuhai Expressway, Seaside Expressway, Zhongshan-Jiangmen Expressway and the Pearl River Delta light railway that is to be opened. At the same time, it possesses Zhongshan Port that ranks top 10 among the ports nationwide in terms of container-handling capacity. These super conditions of hinge traffic on the west bank of the Pearl River Estuary push Zhongshan Torch Zone to the grand competition stage of economic circle surrounding Lingdingyang Sea.
Over one thousand well-known industrial enterprises that come from more than 20 countries and regions have gathered on this piece of 70-square-kilometer fascinating land with the total population of 200,000. Among these enterprises, more than 500 are above designated scale, and approximately 20 are among World Top 500. Their foreign-exchange-earning capacity ranks top 10 in China. Seven nation-level industrial bases, the number of which is regarded as the greatest among all the new hi-tech zones nationwide, have been set up on this land. Namely National Health Technology Industrial Base, China Packaging and Printing Industrial Base, China Electronics (Zhongshan) Base, National Hi-tech Products Exporting Base, China Technological Model Base (Zhongshan) of Industry, Zhongshan (Linhai) Equipment Manufacturing Base under National Torch Plan, and China Green Healthy Foodstuff Industrial Base. Under the spotlight in the Pearl River Estuary Economic Circle are such five backbone industries as electronic information technology, biotechnology and pharmacy, packaging and printing, chemical industry and auto parts, and such four rising advantageous industries as equipment manufacturing, energy saving and new energy, micro-electronics and communication, and bio-technology. In recent years, the economic development of Zhongshan Torch Zone has presented a strong leaping forward momentum. In 2007, the GDP of Torch Zone totaled 18.75 billion yuan, gross industrial output value 71.52 billion yuan, and the fiscal revenue 2.55 billion yuan. Meanwhile, the earned foreign exchange was 3.84 billion USD and actually utilized foreign capital arrived to 255 million USD. All these economic indexes accounted for from 1/7 to 1/3 of that of Zhongshan City's.
Zhongshan's "torch speed" has been extolled all the while in Guangdong Province. In terms of industrial park management, Zhongshan's "torch model" and "torch phenomenon" have been widely circulated among the hi-tech industrial development zones in China. Brave and open-minded Zhongshan Torchers have been writing a modern industry legend of torch with their practice.