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US$40 billion and tax revenue will increase by billion) . As one of the most open areas in the
25
about 5% annually. GBA, Nansha has introduced several exploratory
and innovative government policies already, such
• Form a new development model that as the delineation of low-altitude airspace and air
Guangdong, Hong Kong and Macau can enhance routes, operation of intelligent connected vehicle
the level of synergies in terms of economy, scenarios, commercialization of marine scientific
governance, market factors. Direct investment and technological innovations, development of
from Hong Kong and Macau will reach about green finance and pharmaceuticals and medical
US$35 billion and the total number of registered devices. Nansha plans to launch a new supporting
Hong Kong and Macau-invested enterprises will policy system that will provide competitive and
be 30,000. favorable measures in areas such as futures,
climate investment and financing to attract more
• To basically constructed a platform for global investment and talent.
in-depth cooperation among Guangdong, Hong
Kong and Macau, a new space for industrial Nansha was approved as one of the first
development of Hong Kong and Macau, a highland batch of high-level open cross-border trade and
for innovation and entrepreneur of Hong Kong investment pilot projects in China and it was also
and Macau. approved to be a national offshore innovation and
entrepreneurship base for overseas talent, with its
In January 2024, the government issued a number of post-doctoral researchers accounting
strategic action plan to upgrade the GDFTZ. for one-fifth of the city’s total.
24
Priorities include aligning rules and regulations
with international standards, reinforcing the zone’s In the 14th Five-Year Plan, the Nansha area will
role as a shipping and trading hub, promoting focus on:
investment and trade facilitation, promoting the
development of advanced manufacturing clusters, 1. Continuously enhance the role of
deepening co operation between Guangdong, international shipping and trade hubs
Hong Kong and Macau and strengthening regional
coordinated development. 2. Deepen the integration and development
of strategic emerging industries and modern
Nansha area of Guangzhou service industries
Nansha is an administrative district of the 3. Support on building a national science
city of Guangzhou in Guangdong, located at center, a special zone for international talent,
Guangzhou’s southern tip and the center of the a demonstration zone for global trade and a
Pearl River estuary, adjoining Dongguan to the cooperation zone for the GBA
east and Zhongshan to the west. In 2015, an area
of 60km in Nansha was incorporated into the 4. An opening up gateway to the world 26
2
China (Guangdong) Pilot Free Trade Zone, which
became one of the three subzones of Guangdong In June 2022, the Overall Plan for Guangzhou
Free Trade Zone (the other two are Qianhai Shekou Nansha to Deepen Guangdong-Hong Kong-
Area and Hengqin New Area). Macau Comprehensive Cooperation (“Nansha
Plan”) with a global perspective was also
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Nansha’s GDP exceeded RMB232 billion (US$33 released, which is a highly ambitious blueprint
billion) in 2023, up 4.3% YoY. During the same period, for consolidating Hong Kong, Macau and cities
Nansha’s foreign trade value totaled RMB291.2 on the mainland into the GBA.
billion (US$41.2 billion) and the actual utilization 25 Government site of Nansha, https://www.gzns.gov.
of foreign capital reached RMB12.6 billion (US$1.8 cn/nssj/jjjs/index.html
26 Government site of Guangdong, http://www.gd.gov.
24 Government site of Guangdong, https:// cn/zwgk/wjk/qbwj/yfb/content/post_3533834.html
www.gd.gov.cn/zwgk/gongbao/2024/2/content/ 27 The State Council, http://www.gov.cn/zhengce/
post_4337306.html
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