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243.9 billion Yuan Investment inked to boost Guangdong's coordinated development

Guangdong held its annual conference for economic and trade cooperation between the Pearl River Delta and the Eastern, Western, and Northern Regions of Guangdong on June 19. Themed "Regional Coordination for a Better Future," the conference saw over 319 cooperation projects and 243.9 billion yuan in investment agreed upon.

The eastern, western, and northern parts of Guangdong province are less developed than the Pearl River Delta, which is known for its high concentration of manufacturers and hi-tech companies.

During his trip to Guangdong last year, Chinese President Xi Jinping said that the development of Guangdong depends not only on the Pearl River Delta but also on the joint development of the northern, eastern, and western regions.

"Chinese modernization is aimed at promoting common prosperity and addressing the unbalanced development among regions," Xi said.

Guangdong Governor Wang Weizhong attended the conference and delivered a speech emphasizing that attracting investment is an effective way to drive the development of the eastern, western, and northern regions and accelerate regional coordinated development in Guangdong.

Wang extended an invitation to domestic and foreign entrepreneurs to seize opportunities in the vast market of eastern, western, and northern Guangdong, join the new round of industrial development, and share the benefits of regional coordination.

Harley Seyedin, President of the American Chamber of Commerce in South China, emphasized the untapped potential of western and northern Guangdong in his interview with GDToday, highlighting the region's abundant natural resources and the significant land area available for development. He also noted that the proactive stance of the local governments in embracing expansion opportunities signify a strong commitment to regional growth.

Vincent Chow, Chairman of Bringbuys Future Technology (Guangdong) Co., Ltd., underscored the importance of aligning eastern, western, and northern Guangdong with the overall development of the Greater Bay Area to stimulate the flow of production factors. Mr. Chow shared with GDToday the promising investment prospects in eastern and northern Guangdong, particularly in new energy and advanced manufacturing industries. "We already boast some investment basis, and we will invest more to connect these regions with Macao," Mr. Chow stated.

According to reports, last year's conference attracted 186 projects with a total investment of 174.2 billion yuan, with 73% of the projects going to the eastern, western, and northern regions and cities such as Huizhou, Jiangmen, and Zhaoqing.

At the conference, 20 major projects were signed, totaling 61.7 billion yuan, including one project with an investment exceeding 100 billion yuan, four projects of 50-100 billion yuan, and 11 projects of 10-50 billion yuan.

Reporter | Nan, Guo Chuhua

Editor | Will, James

Photos provided to GDToday

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