Page 88 - 2023 Special Report on the State of Business in South China
P. 88
reform, and provide an important demonstration Summary
for institutional building for the whole country.
Guangdong province, driven by construction of
• Perfect systems and mechanisms for the GBA, has created a free trade zone with free
market-oriented allocation of factors: Support in- investment and trade, an innovative resource
depth exploration of the land management system, cluster and prominent radiation functions that
perfect a labor mobility system that can adapt to the encourage foreign investment, strengthen
characteristics of a megacity, promote the reform conditional rewards and subsidies for enterprises,
of the growth enterprise market and pilot the and promote scientific research, talent and trade
registration system, and explore new mechanisms cooperation with Hong Kong and Macau that
for data property protection and utilization. focuses on supporting the development of science
and technology, finance, and leisure tourism.
• Creating a market-oriented and law-based Guangdong is creating a globally competitive
internationalized business environment: Further business environment by giving play to the decisive
perfect a fair and open market environment, build a role of the market in resource allocation, reducing
benchmark city for intellectual property protection, administrative intervention and strengthening
perfect the administrative management system comprehensive market supervision to form a
and the legislation of special economic zones. stable, fair, transparent, and predictable first-class
business environment.
• Perfect the environmental system
for scientific and technological innovation:
optimize and innovate in the allocation mode
and management mechanism of resources and
establish an internationally competitive system of
talent introduction and use.
• Perfect the high-level open economic
system: Intensify institutional opening and
support rule-based connectivity and deepening of
cooperation and development in the GBA. Expand
the opening-up of financial, shipping and other
industries to the outside world.
• By 2035, the city will be built into a city of
innovation, entrepreneurship and creativity with
global influence, become a model city for China to
build itself into a powerful modern socialist country,
and take the lead in realizing socialist modernization.
• By 2035, Shenzhen’s economic output and
per capita GDP will double from 2020.
88
for institutional building for the whole country.
Guangdong province, driven by construction of
• Perfect systems and mechanisms for the GBA, has created a free trade zone with free
market-oriented allocation of factors: Support in- investment and trade, an innovative resource
depth exploration of the land management system, cluster and prominent radiation functions that
perfect a labor mobility system that can adapt to the encourage foreign investment, strengthen
characteristics of a megacity, promote the reform conditional rewards and subsidies for enterprises,
of the growth enterprise market and pilot the and promote scientific research, talent and trade
registration system, and explore new mechanisms cooperation with Hong Kong and Macau that
for data property protection and utilization. focuses on supporting the development of science
and technology, finance, and leisure tourism.
• Creating a market-oriented and law-based Guangdong is creating a globally competitive
internationalized business environment: Further business environment by giving play to the decisive
perfect a fair and open market environment, build a role of the market in resource allocation, reducing
benchmark city for intellectual property protection, administrative intervention and strengthening
perfect the administrative management system comprehensive market supervision to form a
and the legislation of special economic zones. stable, fair, transparent, and predictable first-class
business environment.
• Perfect the environmental system
for scientific and technological innovation:
optimize and innovate in the allocation mode
and management mechanism of resources and
establish an internationally competitive system of
talent introduction and use.
• Perfect the high-level open economic
system: Intensify institutional opening and
support rule-based connectivity and deepening of
cooperation and development in the GBA. Expand
the opening-up of financial, shipping and other
industries to the outside world.
• By 2035, the city will be built into a city of
innovation, entrepreneurship and creativity with
global influence, become a model city for China to
build itself into a powerful modern socialist country,
and take the lead in realizing socialist modernization.
• By 2035, Shenzhen’s economic output and
per capita GDP will double from 2020.
88
