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Guangzhou to speed up Free Trade Zone construction

2015-February-3       Source: Newsgd.com

Guangzhou government would accelerate the process for establishing Nansha New Area and Free Trade Zone in 2015, said Chen Jianhua, the Mayor of Guangzhou in a government work report during the annual municipal People's Congress on Feb. 2.

 

Guangzhou government would accelerate the process for establishing Nansha New Area and Free Trade Zone in 2015, said Chen Jianhua, the Mayor of Guangzhou in a government work report during the annual municipal People's Congress on Feb. 2.

The city's targeted GDP growth in 2015 was settled at 8%, the minimum value in recent two decades.

Mayor Chen says the Guangzhou government would set up the negative list for foreign investment; try hard to win tax reimbursement in port of departure and cross border yuan loan etc. Nansha Free Trade Area will imitate the experience of Shanghai Free Trade Zone in customs supervision, inspection and quarantine.

"Reform" is the highest frequency word in the government work report that it appeared morn than 40 times. "Reform is the most powerful weapon for Guangzhou development," Chen says "we should inspire the market energy, catch the opportunities of economic reform; furthermore, the innovation is the power of a city so that the shortcomings can be overcome and the new economic growth point can be cultivated."

Guangzhou will strengthen the cooperation with other cities which related to the "one belt one road" (OBOR). OBOR, known as 21st Century Maritime Silk Rod and the Silk Road Economic Belt is a concept for economic and cultural cooperation which base on ancient Silk Road and Maritime Silk Road. In addition, the government will encourage companies invest beyond the borders and contract projects.

Last year, Guangzhou GDP was 1.67 trillion yuan, which increased 8.6%; while consumer price index (CPI) increased 2.3%. Furthermore, the unemployment rate was 2.26%. The total import and export value was 1306 billion dollars, which increased 9.8%.

(By Steven)

Editor: 王凯

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