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Guangzhou economic white paper 2007 released
Latest Updated by 2007-03-13 14:29:02
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"Guangzhou White Paper of Foreign Trade and Economic Cooperation 2007" was released in Hong Kong today (March 13). It is the very first time for Guangzhou to promote and introduce its economy and investment environment by white paper, Guangzhou Daily reports.

Guangzhou government will issue economic white papers periodically each year in the future.

60% FDI to go to manufacturing industry

The White Paper elaborated the plan of the city's foreign trade and economic cooperation in the 11th five-year period (2005-2010), targeting 20 billion USD of foreign direct investment (FDI) by 2010, an annual increase of 14% and better investment structure and quality.

Manufacture will be the most important industry for investment, aiming at 60% of overall FDI by 2010. Service sector will take 35%.

Substantial investment rise is foreseen in agriculture and relevant bio-tech sector.

The capital input from developed regions like Europe, USA and Japan needs to be enhanced while investment from Hong Kong, Macau and Taiwan will be kept at no less than 50%.

Auto manufacture is a pillar industry in Guangzhou. [File Photo]

Different investment priorities for districts

The white paper said that a physical layout for a multi-focus, grouping and networking pattern is being developed in Guangzhou. This involves one center, three supporting districts and two groups.

The center includes the districts of Yuexiu, Liwan, Tianhe, Panyu, Baiyun, Haizhu, Huangpu, prioritizing service, education, culture and hi-tech.

The supporting districts consist of Nansha, Huadu and Luogang, focusing on manufacture, hi-tech, logistics and port-related industries.

Two groups involve Licheng (in Zengchang) and Jiekou (in Conghua).

Investment priorities for some districts:

Yuexiu: Headquarter economy

Haizhu: Convention business

Panyu: Five five-star hotels

Luogang: Business Mega-centers.

Editor: Yan

By: Source: www.lifeofguangzhou.com
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