According to the Ministry of Commerce, the Guangzhou Development District (GDD) leads the country's economic development districts in GDP, tax revenue, value added ratio and other indicators.

Comprehensive reform is now in full swing; the GDD is going to apply to the Guangdong provincial government and the State Council to become a reform experimental district.

The overall economic strength of the GDD will be further enhanced, said Xue Xiaofeng, Secretary General of the Guangzhou CPC Committee, at the 2007 GDD (Luogang District) conference. In 2007 the production value is expected to increase by 16% to reach RMB 91 billion; the industrial output value will increase by 20% to reach RMB 240 billion. Tax revenue will increase by 13.5% to reach over RMB 20 billion. The actual utilization of foreign investment is to achieve new breakthroughs; more than 100 new enterprises are to be put into operation; a 4% reduction in energy consumption per RMB 10,000 GDP is expected; the total discharge of pollutants will be below the permitted level; businesses will be greatly expanded in the tax free district; new achievements will be made in infrastructure development. People's incomes and quality of life will be improved generally; the average annual net income growth for urban and rural people will be more than 10%.

At present, China's development districts have begun to gradually dilute the original preferential policies. To increase the GDD's competitiveness, in the future the focus will shift to the environment, service and personnel, said Xue.

Editor: Donald