Page 68 - 2020 White Paper on the Business Environment in China
P. 68
0 White Paper on the Business Environment in China A portal of trade and capital connectivity with the world
Within the GBA, Shenzhen is positioned in the Strategically located on the southeastern coast of China and with strong connections to the Chinese diaspora,
Plan as a “capital of innovation and creativity with the GBA is expected to play a significant role in the BRI. In particular, Shenzhen is expected to strengthen its
global influence”. On 5 November 2019, Shenzhen role as a portal between China and coastal BRI economies. In terms of merchandize trade, Shenzhen is already
announced8 that a new supply of industrial land home to one of the world’s busiest container ports with the largest volume of throughput in the GBA, at 27.7m
with a total area of 30 sq.km. will be offered to
overseas hi-tech enterprises to set up operation TQEiaUnihna2i,0S1h8Fe.niWzghitehnthise1aBlse1oltraenadFdyRivtooaetdalkioteigofantiatohnmcoeerentcweernaotnrardlltrdhoel’esfiirnsttjuoCdhipciniaal1Imnt0aetrt0nearstisoaneloanalgCptohmoemBreRtrIsc.ialaCrouert in
in the city. This suggests that coordinated land use located in the GBA
policies may thus increase the supply of Shenzhen
land zoned specifically for technology development. Fig 12 Five of the world’s top 100 seaports are located in the GBA
Seafreight container volume
Shanghai (1)
Ningbo-Zhoushan
(5) (3)
Shenzhen (7) (4)
Guangzhou (8)
Hong Kong (9)
Qingdao (26) (14)
Tianjin (31)
Xiamen (34)
Yingkou (41)
Taicang (46)
(53)
Lianyungang
Rizhao (60)
(61)
Dongguan
Nanjing (77)
Yantai (81)
Tangshan
Quanzhou
Zhuhai
Fig 10 More affordable homes in commutable cities 0 5 10 15 20 25 30 35 40 45
Fig 11 Mcooreuafflodrdahbleehlopmesaintctormamuctatbletacitilees cnoutldshetlop atwtracot tralkentsinto wSorhk ineSnheznzhheen n m TEUs
() World ranking Container traffic volume
Source: Wind
Source: Wind
New home price
Shenzhen 10 www.gdIn.xinhtueanremt.csom/onefwscceanpteri/t2a01l9-a11c/0c6o/cu_1n12t5s1,965S9h8.ehtnmzhen will
Guangzhou also break new ground in terms of Renminbi
Zhuhai
Dongguan convertibility. On 29 August 2019, the State
Foshan Administration of Foreign Exchange (SAFE)
Zhongshan
Huizhou announced9 that Shenzhen will become the
Jiangmen first mainland city to progressively liberalize
0 10 20 30 40 50 60 the conversion of foreign capital. The pilot
'000 RMB/sq.m. scheme allows qualified enterprises to buy
Renminbi using foreign exchange without bank
Note: As of end-2018
Source: Wind Note: As of end-2018
Winfitluheinntchee”.GOSBnoA5,uSNhroevcneezmh:ebneWris2ip0no1s9di,tiSohneendzihnetnhaenPnlaonunacsead1“0ctahpaittaal of innovation and creativity with global area preapproval. According to the State Council’s
new supply of industrial land with a total
of 30 sq.km. will be offered to overseas hi-tech enterprises to set up operation in the city. This suggests that document, Shenzhen will also be a testing
coordinated land use policies may thus increase the supply of Shenzhen land zoned specifically for technology
ground for new applications of digital currency
A Portal of Trade and Capital Connec-development.
A porttailvoifttryadewanitdhcaptihtalecoWnneoctrivlitdy with the world
and mobile payment.
Strategically located on the southeastern coast of China and with strong connections to the Chinese diaspora,
the GBA is eSxpterctaedtetogpliacyaa slilgynifliocacntarotleeidn thoe BnRIt. Ihn pearsticouluar,tShheenazhsenties erxnpeccteodatossttreongfthen its
Strategy for a Better Business Envi-rhoolme aestCoaohpnoeirntoaflatbheetawweonerlndd’CshbwinuasiiaetnshtdccoosnattsartianoleBrnpRogI retcsocwnoiothmntihenes.elIanrcgteetrsimtovsonolufsmmeetrocofhtahnrtodhuizgeehtprauCdt eihn, StihhneeGnezBhsAee,naits2a7lr.7eamdy
TQEiaUnihnad2i,0iS1ah8es.nWpzhiteohntrhisaeaB,lseolttrhaenaeddyRtoGoatdBalkiAteigoanitisaonmecoerxentcpeerneatnrcadlttrheoeldefiirnsttjuoCdhicinipaallImnataeytrtnearastioanlsoanilggCtonhmeimBfieRcrIc.aialnCtourt in
role in the BRI. In particular, Shenzhen is expected ronment
Fig 12 Ftivoe ofsthterweorlnd’sgtotph10e0 nseapiotrsts arreololceatedainstheaGBpA ortal between China and
NtwcinrgobaooGHa-duZSorShaQhnshlnoegiaeTndguntniKgaszzga,ohnhhdh’nojaeasianngnuoliSBhbeRunIsizeehscetonncooiSsmenafrtieaaeiglhisrtne.c(o9e)anItrandiny(e8(7pr))tvoeohl(u5r)rmomtesms(4()e3w) oitftohmotehnreechlaoanfrgdteihz(s1ee)t The second goal in Shenzhen’s new designation
t2Qvho0Liieaal1DQnuToyaunYN8nuTnXaiZaRmgnnafiYgnhaihinggga.cszizmuhnjhahaukirhnnnooteaaaaaaeWguunggnonsii it,oitSCfhh(h(8t71((7e66()ht(5)i014(3))h6n4)n)1r(3)(34eao1z)) h(u26BI)egnenhtletp(1i4rs)uantnaadiltnsiooRtnhoraeaeladGdClyBoitmAitgo,amatttiaeokr2nce7ia.co7lenmnCtaoeTurEmrUatonriinnde as a national demonstration area is to create a
modern industrial structure. It suggests that the
city will take a proactive role in removing red tape
and improving the business environment. We
note that remarkable breakthroughs are already
in the pipeline, especially in terms of state-owned
central r0ole in5 jud1i0cial m15 atte20rsmaTElUo2s5ng t3h0 e BR35I. 40 45 enterprise (SOE) reform and inclusive financing for
real economic demand.
() World ranking Container traffic volume
Source: Wind
10 www.gd.xinhuanet.com/newscenter/2019-11/06/c_1125196598.htm A More Equitable Marketplace for
Competitive Businesses
Pilot Area in SOE Reform
8. www.gd.xinhuanet.com/newscenter/2019-11/06/c_1125196598.htm SOEs will be an important part of China’s
high-quality growth, and reforms to restructure
9. www.safe.gov.cn/shenzhen/2019/0829/545.html
68
Within the GBA, Shenzhen is positioned in the Strategically located on the southeastern coast of China and with strong connections to the Chinese diaspora,
Plan as a “capital of innovation and creativity with the GBA is expected to play a significant role in the BRI. In particular, Shenzhen is expected to strengthen its
global influence”. On 5 November 2019, Shenzhen role as a portal between China and coastal BRI economies. In terms of merchandize trade, Shenzhen is already
announced8 that a new supply of industrial land home to one of the world’s busiest container ports with the largest volume of throughput in the GBA, at 27.7m
with a total area of 30 sq.km. will be offered to
overseas hi-tech enterprises to set up operation TQEiaUnihna2i,0S1h8Fe.niWzghitehnthise1aBlse1oltraenadFdyRivtooaetdalkioteigofantiatohnmcoeerentcweernaotnrardlltrdhoel’esfiirnsttjuoCdhipciniaal1Imnt0aetrt0nearstisoaneloanalgCptohmoemBreRtrIsc.ialaCrouert in
in the city. This suggests that coordinated land use located in the GBA
policies may thus increase the supply of Shenzhen
land zoned specifically for technology development. Fig 12 Five of the world’s top 100 seaports are located in the GBA
Seafreight container volume
Shanghai (1)
Ningbo-Zhoushan
(5) (3)
Shenzhen (7) (4)
Guangzhou (8)
Hong Kong (9)
Qingdao (26) (14)
Tianjin (31)
Xiamen (34)
Yingkou (41)
Taicang (46)
(53)
Lianyungang
Rizhao (60)
(61)
Dongguan
Nanjing (77)
Yantai (81)
Tangshan
Quanzhou
Zhuhai
Fig 10 More affordable homes in commutable cities 0 5 10 15 20 25 30 35 40 45
Fig 11 Mcooreuafflodrdahbleehlopmesaintctormamuctatbletacitilees cnoutldshetlop atwtracot tralkentsinto wSorhk ineSnheznzhheen n m TEUs
() World ranking Container traffic volume
Source: Wind
Source: Wind
New home price
Shenzhen 10 www.gdIn.xinhtueanremt.csom/onefwscceanpteri/t2a01l9-a11c/0c6o/cu_1n12t5s1,965S9h8.ehtnmzhen will
Guangzhou also break new ground in terms of Renminbi
Zhuhai
Dongguan convertibility. On 29 August 2019, the State
Foshan Administration of Foreign Exchange (SAFE)
Zhongshan
Huizhou announced9 that Shenzhen will become the
Jiangmen first mainland city to progressively liberalize
0 10 20 30 40 50 60 the conversion of foreign capital. The pilot
'000 RMB/sq.m. scheme allows qualified enterprises to buy
Renminbi using foreign exchange without bank
Note: As of end-2018
Source: Wind Note: As of end-2018
Winfitluheinntchee”.GOSBnoA5,uSNhroevcneezmh:ebneWris2ip0no1s9di,tiSohneendzihnetnhaenPnlaonunacsead1“0ctahpaittaal of innovation and creativity with global area preapproval. According to the State Council’s
new supply of industrial land with a total
of 30 sq.km. will be offered to overseas hi-tech enterprises to set up operation in the city. This suggests that document, Shenzhen will also be a testing
coordinated land use policies may thus increase the supply of Shenzhen land zoned specifically for technology
ground for new applications of digital currency
A Portal of Trade and Capital Connec-development.
A porttailvoifttryadewanitdhcaptihtalecoWnneoctrivlitdy with the world
and mobile payment.
Strategically located on the southeastern coast of China and with strong connections to the Chinese diaspora,
the GBA is eSxpterctaedtetogpliacyaa slilgynifliocacntarotleeidn thoe BnRIt. Ihn pearsticouluar,tShheenazhsenties erxnpeccteodatossttreongfthen its
Strategy for a Better Business Envi-rhoolme aestCoaohpnoeirntoaflatbheetawweonerlndd’CshbwinuasiiaetnshtdccoosnattsartianoleBrnpRogI retcsocwnoiothmntihenes.elIanrcgteetrsimtovsonolufsmmeetrocofhtahnrtodhuizgeehtprauCdt eihn, StihhneeGnezBhsAee,naits2a7lr.7eamdy
TQEiaUnihnad2i,0iS1ah8es.nWpzhiteohntrhisaeaB,lseolttrhaenaeddyRtoGoatdBalkiAteigoanitisaonmecoerxentcpeerneatnrcadlttrheoeldefiirnsttjuoCdhicinipaallImnataeytrtnearastioanlsoanilggCtonhmeimBfieRcrIc.aialnCtourt in
role in the BRI. In particular, Shenzhen is expected ronment
Fig 12 Ftivoe ofsthterweorlnd’sgtotph10e0 nseapiotrsts arreololceatedainstheaGBpA ortal between China and
NtwcinrgobaooGHa-duZSorShaQhnshlnoegiaeTndguntniKgaszzga,ohnhhdh’nojaeasianngnuoliSBhbeRunIsizeehscetonncooiSsmenafrtieaaeiglhisrtne.c(o9e)anItrandiny(e8(7pr))tvoeohl(u5r)rmomtesms(4()e3w) oitftohmotehnreechlaoanfrgdteihz(s1ee)t The second goal in Shenzhen’s new designation
t2Qvho0Liieaal1DQnuToyaunYN8nuTnXaiZaRmgnnafiYgnhaihinggga.cszizmuhnjhahaukirhnnnooteaaaaaaeWguunggnonsii it,oitSCfhh(h(8t71((7e66()ht(5)i014(3))h6n4)n)1r(3)(34eao1z)) h(u26BI)egnenhtletp(1i4rs)uantnaadiltnsiooRtnhoraeaeladGdClyBoitmAitgo,amatttiaeokr2nce7ia.co7lenmnCtaoeTurEmrUatonriinnde as a national demonstration area is to create a
modern industrial structure. It suggests that the
city will take a proactive role in removing red tape
and improving the business environment. We
note that remarkable breakthroughs are already
in the pipeline, especially in terms of state-owned
central r0ole in5 jud1i0cial m15 atte20rsmaTElUo2s5ng t3h0 e BR35I. 40 45 enterprise (SOE) reform and inclusive financing for
real economic demand.
() World ranking Container traffic volume
Source: Wind
10 www.gd.xinhuanet.com/newscenter/2019-11/06/c_1125196598.htm A More Equitable Marketplace for
Competitive Businesses
Pilot Area in SOE Reform
8. www.gd.xinhuanet.com/newscenter/2019-11/06/c_1125196598.htm SOEs will be an important part of China’s
high-quality growth, and reforms to restructure
9. www.safe.gov.cn/shenzhen/2019/0829/545.html
68
