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Belt and Road Initiative injects new impetus in Guangzhou development

2017-May-16       Source: Newsgd.com

Guangzhou has striven to upgrade its industries, business environment and infrastructure to link its advantages with new opportunities created by the Belt and Road Initiative.

Guangzhou has striven to upgrade its industries, business environment and infrastructure to link its advantages with new opportunities created by the Belt and Road Initiative.

Guangzhou held its seventh overseas promotion for 2017 Fortune Global Forum in Taipei on May 15.

The city will also be the host of the International Association of Ports and Harbors' 31th World Ports Conference in 2019.

NEW INDUSTRIES

The advertising of UC Browser in India.

In recent years, Guangzhou has striven to shift its economic focus to capital- and technology-intensive industries, as enterprises here have sped up the pace to "go global."

For example, UC Mobile Co. Ltd. (UCWeb), which is attached to China's e-commerce giant Alibaba Group, has stood out as a global provider of mobile Internet software technology and services, especially in India, Indonesia and Russia.

"Our operations are deeply localized, which means we have kept an eye on local cultures and customs. We have provided down-to-earth services," said Huang Hao, president of Alibaba's mobile business group.

NEW PLATFORMS

The promotion seminar on 2017 Fortune Global Forum in Tokyo.

The 121st Canton Fair, or China Import-Export Fair, took place from April 16 to May 5 in Guangzhou, attracting 364 companies from countries and regions along the Belt and Road.

The Fortune Global Forum is set to take place in Guangzhou from Dec 6 to 8 later this year, which is an economic event to attract important politicians, economists, and businesspeople from around the world, focusing on major business issues. So far, six promotion events have been held since late January in cities such as Paris, Washington, Hong Kong, New York, Singapore and Tokyo. On May 15, Guangzhou also holds its seventh roadshow in Taipei to invite more enterprises to attend the forum.

In 2015, Nansha District in southeast Guangzhou became one of the pilot free trade zones (FTZs) to promote foreign trade and investment. By 2016, the import and export volume of the Nansha FTZ reached nearly 170 billion yuan (24.66 billion USD), one fifth of the total volume of Guangzhou.

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Editor: Will

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