Page 538 - 2021 White Paper
P. 538
1 White Paper on the Business Environment in China
Shenzhen's economy has developed rapidly, - Create a market-oriented and law-based
and its overall economic operation is stable. By internationalized business environment: Further
the end of 2019, the city's gross domestic product perfect a fair and open market environment,
(GDP) was 26,92.709 billion RMB, an increase build a benchmark city for intellectual property
of 6.7% over the previous year. By industry, the protection, perfect the administrative management
added value of primary industries was 2.52 billion system and the legislation of special economic
RMB, up by 5.2%. Secondary industries’ added zones.
value was 1,049.584 billion RMB, up 4.9%; Tertiary
industries’ added value was 1.64606 trillion RMB, - Perfect the environmental system
up 8.1%. Fixed asset investments were 619.101 for scientific and technological innovation:
billion RMB, up 20.3%, among which investment optimize and innovate in the allocation mode
in the secondary industries increased by 4.0% and and management mechanism of resources, and
that in tertiary industries by 23.8%. establish an internationally competitive system of
talent introduction and use.
In the second half of 2020, the General Office of
the CPC Central Committee and General Office of - Perfect the high-level open economic
the State Council issued the “Implementing Plan system: Intensify institutional opening and
for the Comprehensive Pilot Reform of Building support rule-based connectivity and deepening of
Shenzhen into a Pilot Demonstration Area of cooperation and development in the Guangdong-
Socialism with Chinese Characteristics (2020- Hong Kong-Macau Greater Bay Area. Expand
2025)”. Main goals of the plan include: By 2020, the opening up of financial, shipping and other
the government will roll out a number of major industries to the outside world.
reform measures in such important fields as
market-oriented allocation of factors, optimization Shenzhen's economy has developed rapidly,
of business environment, and overall planning and its overall economic operation is stable. By
and utilization of urban space, formulate and the end of 2019, the city's gross domestic product
implement the first batch of lists of matters under (GDP) was 26,92.709 billion RMB, an increase
comprehensive authorization, and promote a good of 6.7% over the previous year. By industry, the
start to the pilot reform. By 2022, the government added value of primary industries was 2.52 billion
will make important progress in the building of RMB, up by 5.2%. The added value of secondary
systems in all aspects, form a number of major industries was 1,049.584 billion RMB, up 4.9%; The
institutional achievements that can be replicated added value of tertiary industries was 1.64606
and popularized, and achieve phased results in trillion RMB, up 8.1%. Fixed asset investment
the pilot reform. By 2025, the government will was 619.101 billion RMB, up 20.3%, among which
accomplish landmark achievements in the reform investment in secondary industries increased by
of important fields and critical links, complete the 4.0% and that in tertiary industries by 23.8%.
tasks of the pilot reform, and provide an important
demonstration for institutional building for the Guangzhou Development Zone
whole country.
The Guangzhou Development Zone was
- Perfect systems and mechanisms for established in 1984 and is one of the first state-
market-oriented allocation of factors: Support level development zones with a total planning
in-depth exploration of the land management area of 484 square kilometers. It is located at
system, perfect a labor mobility system that can the intersection of a large bay on top of the
adapt to the characteristics of a megacity, promote Guangdong-Hong Kong-Macau Greater Bay Area
the reform of the growth enterprise market and and the east and west wings of the Pearl River. It is
pilot the registration system, and explore new a Guangzhou business environment reform pilot
mechanisms for data property protection and area, and an international science and technology
utilization. innovation and economic development hub area.
The region currently provides 43% of the total
industrial output value of Guangzhou, and the
538
Shenzhen's economy has developed rapidly, - Create a market-oriented and law-based
and its overall economic operation is stable. By internationalized business environment: Further
the end of 2019, the city's gross domestic product perfect a fair and open market environment,
(GDP) was 26,92.709 billion RMB, an increase build a benchmark city for intellectual property
of 6.7% over the previous year. By industry, the protection, perfect the administrative management
added value of primary industries was 2.52 billion system and the legislation of special economic
RMB, up by 5.2%. Secondary industries’ added zones.
value was 1,049.584 billion RMB, up 4.9%; Tertiary
industries’ added value was 1.64606 trillion RMB, - Perfect the environmental system
up 8.1%. Fixed asset investments were 619.101 for scientific and technological innovation:
billion RMB, up 20.3%, among which investment optimize and innovate in the allocation mode
in the secondary industries increased by 4.0% and and management mechanism of resources, and
that in tertiary industries by 23.8%. establish an internationally competitive system of
talent introduction and use.
In the second half of 2020, the General Office of
the CPC Central Committee and General Office of - Perfect the high-level open economic
the State Council issued the “Implementing Plan system: Intensify institutional opening and
for the Comprehensive Pilot Reform of Building support rule-based connectivity and deepening of
Shenzhen into a Pilot Demonstration Area of cooperation and development in the Guangdong-
Socialism with Chinese Characteristics (2020- Hong Kong-Macau Greater Bay Area. Expand
2025)”. Main goals of the plan include: By 2020, the opening up of financial, shipping and other
the government will roll out a number of major industries to the outside world.
reform measures in such important fields as
market-oriented allocation of factors, optimization Shenzhen's economy has developed rapidly,
of business environment, and overall planning and its overall economic operation is stable. By
and utilization of urban space, formulate and the end of 2019, the city's gross domestic product
implement the first batch of lists of matters under (GDP) was 26,92.709 billion RMB, an increase
comprehensive authorization, and promote a good of 6.7% over the previous year. By industry, the
start to the pilot reform. By 2022, the government added value of primary industries was 2.52 billion
will make important progress in the building of RMB, up by 5.2%. The added value of secondary
systems in all aspects, form a number of major industries was 1,049.584 billion RMB, up 4.9%; The
institutional achievements that can be replicated added value of tertiary industries was 1.64606
and popularized, and achieve phased results in trillion RMB, up 8.1%. Fixed asset investment
the pilot reform. By 2025, the government will was 619.101 billion RMB, up 20.3%, among which
accomplish landmark achievements in the reform investment in secondary industries increased by
of important fields and critical links, complete the 4.0% and that in tertiary industries by 23.8%.
tasks of the pilot reform, and provide an important
demonstration for institutional building for the Guangzhou Development Zone
whole country.
The Guangzhou Development Zone was
- Perfect systems and mechanisms for established in 1984 and is one of the first state-
market-oriented allocation of factors: Support level development zones with a total planning
in-depth exploration of the land management area of 484 square kilometers. It is located at
system, perfect a labor mobility system that can the intersection of a large bay on top of the
adapt to the characteristics of a megacity, promote Guangdong-Hong Kong-Macau Greater Bay Area
the reform of the growth enterprise market and and the east and west wings of the Pearl River. It is
pilot the registration system, and explore new a Guangzhou business environment reform pilot
mechanisms for data property protection and area, and an international science and technology
utilization. innovation and economic development hub area.
The region currently provides 43% of the total
industrial output value of Guangzhou, and the
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