Page 82 - 2022 Special Report on the State of Business in South China
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new breakthroughs in the construction of national market. The government management and service
laboratories and technology innovation centers. capability will be further improved. GDFTZ will take
The innovation capacity of enterprises will also be a leading position in the evaluation from World
improved, and the proportion of R&D expenditure Bank business environment index.
will take 1.8% of the revenue.
- Build a high-quality development engine
- The efficiency and effectiveness of with strong capacity for global resource allocation,
innovation will be significantly improved. The innovation and collaboration. By 2025, the total
value-added of high-tech manufacturing industry import and export trade will reach RMB400 billion
will account for over 33% of that of the overall and the accumulated FDI inflows will be about
manufacturing industry. The annual technology US$40 billion and tax revenue will increase by
contracts will reach RMB500 billion. about 5% annually.
- The technology and innovation - Form a new development model that
cooperation among GBA will be further expanded, Guangdong, Hong Kong and Macao can enhance the
as well as the “One Belt and One Road" initiative level of synergies in terms of economy, governance,
will also achieve substantial expansion. Five market factors. Direct investment from Hong Kong
metropolitan areas18 will enhance their innovation and Macao will reach about US$35 billion, and the
integration significantly. total number of registered Hong Kong and Macao-
invested enterprises will be 30,000.
Special Economic Zones
- To basically construct a platform for in-
China (Guangdong) Pilot Free Trade depth cooperation among Guangdong, Hong Kong
Zone, GDFTZ and Macao, a new space for industrial development
of Hong Kong and Macao, a highland for innovation
The GDFTZ has been at the forefront of the and entrepreneur of Hong Kong and Macao.
country’s reform and opening-up. In 2020, it
accomplished RMB341.3 billion of import and Nansha Area of Guangzhou
export trade and attracted US$7.9 billion FDI inflows,
which accounting for 1/3 of the whole province. In From 2014 to 2020, Nansha's GDP increased
September 2021, the government of Guangdong from RMB102.6 billion to RMB 184.6 billion, with
announced the 1st Five-Year Plan for GDFTZ, the an average annual growth of 7.1%. Fixed asset
specific planning for the next five years includes: investments grew at an average annual growth
of 22.2%, and total tax revenue rose to RMB 65.7
Development Targets:19 billion, with an average annual growth of 5%. The
container throughput of Nansha Port showed an
- The role of the highland of institutional annual increase of 2.7% and accounted for 73.2%
innovation is more prominent, the level of of the total container throughput of Guangzhou20.
liberalization and facilitation of investment and
trade will reach international first-class level, a Investment highlight policies include “Guangzhou
multi-level and all-round financial service system Nansha Development Zone (Nansha Area of Free
will be formed. Trade Zone), Three-year Action Plan for Deepening
the Reform of Business Environment (2020-2022)”
- Further optimization of the business issued on 16 April 2020. The "Construction Drawing"
environment and promotion of a fair and open and "Task Book" of Nansha to deepen the business
environment reform in the next three years
18 Five metropolitan Area: Guangzhou, Shen- were also issued, and 132 reform and innovation
zhen, the west bank of the Pearl River Estuary, measures were put forward, so as to build a world-
ShanChaoJie, ZhanMao class business environment led by demonstration
19 Government site of Guangdong, http://www.
gd.gov.cn/zwgk/wjk/qbwj/yfb/content/post_3533834. 20 Government site of Nansha, http://www.gzns.
html gov.cn/attachment/6/6808/6808181/7272400.pdf
82
laboratories and technology innovation centers. capability will be further improved. GDFTZ will take
The innovation capacity of enterprises will also be a leading position in the evaluation from World
improved, and the proportion of R&D expenditure Bank business environment index.
will take 1.8% of the revenue.
- Build a high-quality development engine
- The efficiency and effectiveness of with strong capacity for global resource allocation,
innovation will be significantly improved. The innovation and collaboration. By 2025, the total
value-added of high-tech manufacturing industry import and export trade will reach RMB400 billion
will account for over 33% of that of the overall and the accumulated FDI inflows will be about
manufacturing industry. The annual technology US$40 billion and tax revenue will increase by
contracts will reach RMB500 billion. about 5% annually.
- The technology and innovation - Form a new development model that
cooperation among GBA will be further expanded, Guangdong, Hong Kong and Macao can enhance the
as well as the “One Belt and One Road" initiative level of synergies in terms of economy, governance,
will also achieve substantial expansion. Five market factors. Direct investment from Hong Kong
metropolitan areas18 will enhance their innovation and Macao will reach about US$35 billion, and the
integration significantly. total number of registered Hong Kong and Macao-
invested enterprises will be 30,000.
Special Economic Zones
- To basically construct a platform for in-
China (Guangdong) Pilot Free Trade depth cooperation among Guangdong, Hong Kong
Zone, GDFTZ and Macao, a new space for industrial development
of Hong Kong and Macao, a highland for innovation
The GDFTZ has been at the forefront of the and entrepreneur of Hong Kong and Macao.
country’s reform and opening-up. In 2020, it
accomplished RMB341.3 billion of import and Nansha Area of Guangzhou
export trade and attracted US$7.9 billion FDI inflows,
which accounting for 1/3 of the whole province. In From 2014 to 2020, Nansha's GDP increased
September 2021, the government of Guangdong from RMB102.6 billion to RMB 184.6 billion, with
announced the 1st Five-Year Plan for GDFTZ, the an average annual growth of 7.1%. Fixed asset
specific planning for the next five years includes: investments grew at an average annual growth
of 22.2%, and total tax revenue rose to RMB 65.7
Development Targets:19 billion, with an average annual growth of 5%. The
container throughput of Nansha Port showed an
- The role of the highland of institutional annual increase of 2.7% and accounted for 73.2%
innovation is more prominent, the level of of the total container throughput of Guangzhou20.
liberalization and facilitation of investment and
trade will reach international first-class level, a Investment highlight policies include “Guangzhou
multi-level and all-round financial service system Nansha Development Zone (Nansha Area of Free
will be formed. Trade Zone), Three-year Action Plan for Deepening
the Reform of Business Environment (2020-2022)”
- Further optimization of the business issued on 16 April 2020. The "Construction Drawing"
environment and promotion of a fair and open and "Task Book" of Nansha to deepen the business
environment reform in the next three years
18 Five metropolitan Area: Guangzhou, Shen- were also issued, and 132 reform and innovation
zhen, the west bank of the Pearl River Estuary, measures were put forward, so as to build a world-
ShanChaoJie, ZhanMao class business environment led by demonstration
19 Government site of Guangdong, http://www.
gd.gov.cn/zwgk/wjk/qbwj/yfb/content/post_3533834. 20 Government site of Nansha, http://www.gzns.
html gov.cn/attachment/6/6808/6808181/7272400.pdf
82
