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Guangdong approves Guangzhou's Pazhou Economic Development Zone

Recently, Guangdong approved the Pazhou Economic Development Zone (EDZ) in Guangzhou, making it a provincial economic development zone featuring digital-technology industries.

With a planned area of 7 square kilometers, Pazhou EDC is divided into three areas. Pazhou West District is east to Huanan Expressway, south to Xingang East Road, west to Huangpu Chong, a branch of the Pearl River, and north to Pearl River. The 2nd Pazhou Central District and East District is east to Guanzhou River, south to Huangpu Chong, west to Keyun Zhong Road, and north to Pearl River. Pazhou South District is east to Beishan Chong, south to Xinjiao East Road, west to Huanan Expressway and north to Huangpu Chong.

(Photo: Nanfang Plus)

In recent years, Pazhou has introduced 25 industry giants, including Tencent, Alibaba, and VIPSHOP, with over 78.2 billion yuan in investments. Also, the Canton Fair, the top platform for promoting import and export trade in China, is located here.

In the future, Pazhou will feature digital-technology industries, including the Internet and big data, artificial intelligence, cloud computing, and Next Generation Information Technology. And it aims to become a high-quality economic growth pole that integrates digitization, exhibitions and headquarters economy, where an external-oriented economy and innovative one can achieve clustering development.

Furthermore, Pazhou will adopt strict land usage management, and is not allowed for commercial real estate.

Author | Pamela (Intern)

Editors | Wing, Nan, Monica, Jerry

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