On July 10, Guangzhou Development District (GDD) made the list of China's best industrial investment clusters for 2023-2024 in the Rongzhong rankings.
Recently, two cases from Huangpu district in Guangdong province were selected as outstanding cases for promoting economic and social innovation in the 2023 national inspection and testing sector.
Event highlights Guangzhou's support and services for foreign-funded projects
Guangzhou is strategically advancing its urban development with a focus on the eastern area, particularly the Huangpu district, encompassing an expansive area of approximately 896 square kilometers called east hub. This initiative aligns with Guangzhou's broader vision of leveraging the Greater Bay Area and fostering economic development.
China's economic outlook is poised to improve in the following months, buoyed by robust fiscal spending, and the country's growth target of around 5 percent for 2024 is achievable, according to a renowned economist.
Guangzhou's Huangpu district launched a one-stop digital enterprise service platform named Puqitong on March 29, aiming to enhance the business environment and draw investment.
China's efforts to advance new industrialization and accelerate the establishment of a modern industrial system will not only provide broad space for deeper international cooperation in industrial and supply chains, but also create enormous opportunities for multinational corporations to invest in the country, said government officials and business executives.
China is expanding its investment scope for foreign investors with steps to revise the encouraged industries catalog and shorten the negative list for foreign investment, offering more business opportunities for global stakeholders, officials said on March 20.
With this year marking the 40th anniversary of the establishment of the Guangzhou Development District in Guangzhou, Guangdong province, the district launched an investment promotion conference on Wednesday, attracting more than 400 representatives from enterprises, local government departments and industry associations.
Recently, People's Daily published an in-depth report on the economic development of Guangzhou, with special emphasis on the achievements in new industrialization and manufacturing development in Huangpu district.