The investment climate in Guangzhou is good and popularly praised by overseas investors. Among such advocates are executives from Amway (China) Co Ltd and the Guangzhou ES Fiber Co Ltd. They say that:"This finds particular expression in the improvement of infrastructure, in the transportation system, in the development of telecommunications facilities, in the municipal government's high working efficiency, in the local government's awareness of service to investors, as well as in the transparency of policy and regulations."

Guangzhou is so close to Hong Kong that the citizens in Guangzhou share the same dialect with those in Hong Kong and Macao, making Guangzhou a preferable choice for transnational company's managing executives of Hong Kong origin as compared with other cities in inland China. With over 30 colleges and universities located in Guangzhou City, there are more talents and experts than any other places in Guangdong.

Besides, Guangzhou is highly complementary with Hong Kong and Macao in terms of communications, commerce, foreign trade, finance, information and human resources, making it possible for Guangzhou to get access to the latest global information in science and technology, and to adapt itself to international practice and conventions related to market economy operation more easily. A growing number of multinational companies have moved their Asian-Pacific headquarters from Hong Kong to Guangzhou recently.

There are over 160 famous international enterprises out of the 500 Multinational Corporations having settled down in Guangzhou City. Another is credited to the flexibility and interest of the locals to new things, new concepts, as well as their capability to get accustomed to international conventions. They are more open-minded than people elsewhere in China.

Guangdong Province appointed over 30 overseas advisers to the provincial government a few years ago. Those foreign advisers are mainly CEOs of international corporations. Guangdong wants to listen to all sorts of suggestions, proposed blue prints and business advice from both home and abroad.

Editor: Catherine