The second phase of the Nansha district bonded port area has entered its final enclosure of construction and is expected to accept the examination by the China's State Council in May, 2015. After the process, the whole area, covering an area of 7.06 square kilometers, will be officially put into operation.
The bonded port area is located in the southeast part of Guangzhou's Nansha district. According to the plan, its services will center in the cargo shipping, shipping business, international transfer, cross-border e-commerce, export trade, renting ships and huge facilities, inspection and after-sale repair as well as port operations. The e-commerce platforms and trading centers are constructed along with logistic bases and financial organizations in the area to support the port industries. The first phase has been embarked in August 2009.
China has announced plans to halve the number of industries in which it restricts foreign investment, a move to further open up the market of the world's second-largest economy.
44.4 percent of participants reported interest in investing in the newly announced Free Trade Zones (FTZ) located in Guangdong, according to 2015 White Paper on the Business Environment in China and 2015 Special Report on the State of Business in South China released by American Chamber of Commerce (Am Cham) in South China on March 2.