Home | About Us | Contact Us | Site Map | Chinese
News | Biz | Pearl River Delta | Enjoy Life | Culture | Travelling | Pics | Cities & Towns | Gov Info | Specials
Home> Specials>reform and opening up 30 years>30years achievments
Special supplement: Pioneering Guangdong records many 'firsts'
Latest Updated at 2008-November-19 09:25:45

Guangdong province has been a pioneer in many fields in China's drive toward reform and opening-up.

In 1978, the Fangcun district in Guangzhou, capital city of Guangdong, took the lead in the country in deregulating the prices of fish and vegetables.

Also that year a handbag enterprise was founded in Dongguan city of Guangdong that was the first in the country to use the business model of processing raw materials for clients, or assembling goods and processing according to samples and engaging in commercial trade.

The cities of Shenzhen, Zhuhai and Shantou, together with Xiamen in Fujian province, received the green light in 1979 to establish what were later called the special economic zones that allowed them to practice special policies and employ flexible measures in foreign economic and trade issues. The zones later became an important symbol of China's reform and opening-up.

Also in 1979, approval was given for establishing the first export-processing zone of China in Shekou, Shenzhen.

In 1981, the Guangdong People's Congress was authorized along with its counterparts in Fujian to make specific economic regulations for the zones.

The first group of migrant workers appeared in economically growing Guangdong in 1982.

In 1983, the first stock of a shareholding enterprise was issued to the public by a company in Shenzhen.

Construction of the first Sino-foreign five-star hotel, the White Swan Hotel in Guangzhou, was also completed that year. It was the first high-class hotel in China that allowed ordinary citizens to visit.

In 1984, the first toll bridge in the country started collecting fees in Dongguan, creating the model of financing roads, an approach that would greatly improve the road facilities in the province. In 1984, Guangzhou and Zhanjiang, together with 12 other coastal cities in China, were further opened up and allowed to establish economic and technological development zones. In 1992, Shaoguan, Heyuan and Meizhou were designated as coastal economic open zones. Daya Bay and Nansha were allowed to build economic zones that year.

In 1985 Guangzhou, Foshan, Jiangmen and Zhanjiang became national pilot cities in overall reform in the economic system. In 1987, Guangdong became a national pilot zone for overall reform.

In 1986, the Shenzhen municipal government issued a provisional regulation on shareholding reform of State-owned enterprises in the city, which was the first of its kind in the country.

The Shenzhen Stock Exchange was founded in 1991.

In 1992, Guangdong became the first province to stop using grain coupons as it deregulated grain prices.

In 1993, the Shenzhen Property Rights Exchange was founded, becoming the first cross-regional exchange of its kind in the country.

Guangdong also took the lead in providing individual social insurance.

Editor: Yan

By: Li Ji Source: China Daily Website
  Related News
路Reform, opening up lead to China's science, technology boom
路China extends rural reform and development
路Healthcare reform plan "too hard" to understand
路Chinese medical reform draft open to public debate
路CPC solicits opinions from non-Communist parties on rural reform, development
路Guangzhou blazing new path after 30-year success
路China's publishing industry revamped in 30 years

At 226.93 meters, local papercutting breaks world record

Guangdong Hakka Museum opens in Meizhou

Liuxi lake attracts egrets

New Guangdong Provincial Museum to be unveiled next June

Pirates of the Caribbean 3 premieres in China
This site contains material from other media for content enrichment purpose only.
The website do not endorse such content and do not bear the joint responsibility of their copyright infringement.
The views expressed in written material posted to the bulletin boards of are those of the authors and/or publishers. The website does not endorse information products posted by organizations and individuals here. The originators of these information products are solely responsible for their content.
For copyright infringement issues, you shall contact within thirty (30) days. Email:
If you find any error in this page, please drag your mouse to mark the text with error, then press "CTRL" and "ENTER", to inform us. Thanks for your help!
Home  |  About Us  |   Contact Us  |  Site Map  |  Chinese
©2005 WWW.NEWSGD.COM. All rights reserved.registered number 020074 Terms of Use | Advertise | ICP Certificate No.B2-20050252
Guangdong Gov Link
Guangdong Gov Brief
State Structure
Guangdong in Brief
Laws & Regulations
Exchange Rate
Guangdong Guide
Museum Museum
University University
Eat Eat
Shopping Duting
Night Life Night Life
Weather Weather
Phone No. Phone Num
Consulate Consulate
Airport Airport
Travel Tips Tours Tips