In the late 1990s and early 2000s, nationals of sub-Saharan Africa who had initially settled in the Middle East and Southeast Asia moved in unprecedented numbers to Guangzhou in response to the 1997/98 Asian financial crisis.
In the late 1990s and early 2000s, nationals of sub-Saharan Africa who had initially settled in the Middle East and Southeast Asia moved in unprecedented numbers to Guangzhou in response to the 1997/98 Asian financial crisis.
In the late 1990s and early 2000s, nationals of sub-Saharan Africa who had initially settled in the Middle East and Southeast Asia moved in unprecedented numbers to Guangzhou in response to the 1997/98 Asian financial crisis.
The domestic migrant population from other provinces of China in Guangzhou was 40% of the city's total population in 2008.
At the end of 2018, the population of the city's expansive administrative area was estimated at 14,904,400 by city authorities, up 3.8% from the previous year. In the so-called modern commerce, Guangzhou is best known for its annual Canton Fair, the oldest and largest trade fair in China.
Guangzhou ranks 10th in the world and 5th in China (after Beijing, Shanghai, Hong Kong and Shenzhen) in terms of the number of billionaires according to the Hurun Global Rich List 2020. The city is home to many of China's most prestigious universities, including Sun Yat-sen University, South China University of Technology, South China Normal University and Jinan University.
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