Huangpu spearheads economic growth, innovation in Guangzhou

Since its establishment in 1984, Guangzhou's Huangpu district has developed from the eastern part of Guangzhou into a globally recognized hotspot for investment. The district leads national economic development zones in key economic indicators, such as actual utilization of foreign capital and the number of listed companies, demonstrating consistent leadership in speed and efficiency.

Huangpu is committed to the real economy, establishing eight major industry clusters covering automobile manufacturing, new displays, and green energy. The region has over 4,000 domestic and international biopharmaceutical and health companies, including AstraZeneca and Kangfang Bio, accounting for about 60 percent of Guangzhou's biopharmaceutical output.

Moreover, Huangpu is actively expanding into new industries, including artificial intelligence, new energy storage, and aerospace, attracting numerous key projects and foreign enterprises. From January to November 2023, the district's use of foreign capital exceeded $3 billion, with high-tech industries accounting for about 91 percent of the foreign capital utilized.

Huangpu is also focusing on improving its business environment by providing comprehensive policy services. This effort has resulted in a significant increase in the number of operational entities in the area, demonstrating its strong appeal.

At the 40th anniversary milestone, Huangpu continues undertaking the critical mission of reform, opening up, and high-quality development, further advancing the regional economy.

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