On November 18th, CNBC, a world leader in business news and real-time financial market coverage, held the second East Tech West in Nansha District, Guangzhou.

Group photo. [Photo provided to Newgd.com]

Over two and a half days, more than 35 panel discussions, fireside chats are being staged, including the latest progress and innovative achievements presented by more than 290 of the world’s most influential industry leaders, such as IBM, NASDAQ, Huawei, and so on. At the forum, the tech giants will discuss 5G and smart cities, Fintech, investment, healthcare, travel and transportation, and artificial intelligence.

In the exhibition area, high-tech enterprises have on display their most cutting edge products. APT Electronics, Dorabot, Beijing Jingdiao Group and Bona Robot present LED chips, intelligent robots, and precision machining products.

Window-cleaning robots presented by Guangdong Bona Robot Corporation Limited. [Photo: Li Xiatong]

Carved eggs presented by Beijing Jingdiao Group. [Photo: Li Xiatong]

Nansha also hosted the first East Tech West in 2018. In one short year, changes have taken place, however, now there is a more efficient transportation network, booming innovative industries and a better business and living environment. In 3 to 5 years, a “half hour transport loop” will be built in the GBA. A cluster of top innovative institutions are now located in Nansha, including a State-level Methane Clathrate R&D Headquarters Base.

Chen Anming, the Deputy Secretary-General of Guangdong Provincial Government, delivered a speech on technological cooperation in the Greater Bay Area. “Guangdong is accelerating the pace of transforming old driving forces, and changing its economy from high-speed growth to high-quality development,” he said.

In 2018, Guangdong province produced 249,000 valid patents, accounting for about half of China’s PCT (Patent Cooperation Treaty) applications. The technology self-sufficiency rate of Guangdong reached 73%, and 38% of industrial enterprises above a designated size in the province have established R & D institutions. At present, more than 45,000 high-tech enterprises are based in the province.

Reported by Hannah

Edited by Olivia, Simon