Digital China Holdings Limited, one of the largest integrated information technology services providers in China, announced plan to establish a joint smart city planning institute in Guangzhou, the capital of Guangdong province, on Monday.
Guangzhou's GDP in 2017 surpassed two trillion yuan ($309 billion), according to Wen Guohui, mayor of Guangzhou, who delivered the city's 2018 government work report on Jan 11 during Guangzhou's two sessions.
Construction of a new energy vehicle industrial park project, with an investment of approximately 30 billion yuan ($4.56 billion) by property and financial services conglomerate Baoneng Group, recently began in Huangpu district of Guangzhou.
Skyworth Group, the Shenzhen based Chinese TV manufacturer, has signed a cooperation agreement with Guangzhou's Huangpu district on Jan 8 to build a smart industry innovation base.
Guangzhou Automobile Group Co Ltd (GAC Group) on Monday started construction work on a factory in Central China's Hubei province.
Guangzhou will invest 100 billion yuan ($15.4 billion) from 2018 to 2020 in its shipping industry, according to a three-year action plan recently released by the city to build the Guangzhou International Shipping Center.
By the end of 2017, the total number of Guangzhou's hi-tech enterprises reached 7,000 and the number is expected to hit 8,000 by 2020.
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