April 21st marks the 3rd anniversary of the establishment of the Nansha Free Trade Zone (FTZ). And since the Guangzhou 2017-2035 Plan emphasizes Nansha’s position as a platform for major cooperation between Guangdong, Hong Kong and Macao, the district's development has been under the media spotlight.
The Guangzhou Metro Line 4 which links Nansha with other districts in the city[Photo provided to Newsgd.com]
According to Nansha’s government, the district’s development has accelerated over the past three years. Its GDP exceeded 139 billion yuan in 2017 with an annual growth rate of 12.5%. Its fixed asset investment and contracted foreign investment both grew rapidly at 29.9% and 45.27%.
By the end of March, 43,961 enterprises had been newly registered in Nansha, 347 of them putting up over 100 million yuan in capital. 99 projects are backed by Fortune 500 companies and 103 corporate headquarters have been established in Nansha.
These rising numbers indicate Nansha’s business environment is improving and becoming ever more attractive. Since launching in 2015, Nansha FTZ has become more connected by a metro line, expressways and shipping routes.
In addition, the government has put forward policies and measures to facilitate its commercial services, customs service and talent recruitment etc. During the 3rd anniversary, Nansha FTZ organized a series of events to showcase its latest development:
Nansha facilitates international arbitration for an open and legalized business environment
Nansha FTZ is Guangzhou’s only gateway to the ocean, and a bridge to Hong Kong and Macao. Since the district has allowed various international economic activities, such as shipping logistics and international trade, demand for professional legal services and diversified solution management for international disputes is on the up.
The international commercial arbitration meeting in Nansha on April 20thr. [Photo provided to Newsgd.com]
According to Nansha court, 25.37% of the cases it accepted last year involved foreign interests. Targeting this demand, an international commercial arbitration meeting was held in Nansha on April 20th.