Page 12 - The South China Business Journal
P. 12
trick Mendis, senior fellow at the Harvard Kennedy business and trade center, Guangzhou is constantly breaking
School of Government and senior fellow at the Pangoal down institutional barriers to business development and
Institution, said that China has made such a tremendous exploring new development paths.
achievement that it can be called a rare success of human
civilization. He said that means China's development In addition, Guangzhou has also made efforts to protect
model has proven to be useful. intellectual property rights, accelerating the application
of intellectual property. It has also worked hard on
Nurturing new motivation streamlining administration and delegating powers, and
provided efficient, convenient and standardized government
"China's economy has been transitioning from a services for business management.
phase of rapid growth to a stage of high-quality
development. This is a pivotal stage for transforming Also said in the congratulatory letter by Xi, is that China
our growth model, improving our economic will not close its door to the world, and it will only become
structure, and fostering new drivers of growth. It is more and more open, with its business environment
imperative that we develop a modernized economy," becoming more open, transparent and regulated.
Xi said at the 19th CPC National Congress.
In fact, Guangzhou has become one of the most
"We must put quality first and give priority to suitable cities for business in China. For the past
performance. We should pursue supply-side structural six years, Guangzhou has been ranked by Forbes
reform as our main task, and work hard for better magazine as the best commercial city in the Chinese
quality, higher efficiency, and more robust drivers of mainland for five years in a row. What's more,
economic growth through reform," Xi said. PricewaterhouseCoopers and China Development
Research Foundation ranked Guangzhou "China's City
"We should endeavor to develop an economy with more of Opportunities" for two consecutive years on the top
effective market mechanisms, dynamic micro-entities, of the list. Guangzhou is making a name for itself as a
and sound macro-regulation. This will steadily strengthen place of global innovative resources such as information,
the innovation capacity and competitiveness of China's technology, brands, know-how and talent. It is ideally
economy," he said. suited for development in the new era.
Baker McKenzie chair Paul Rawlinson said in a recent In the future, Guangzhou is focusing on 10 key areas
interview that he was very excited about the content of such as intelligent equipment and robots, a new
opening-up on all fronts in President Xi's report to the generation of information technology and bio-medicine.
19th CPC National Congress. It will strive to cultivate and introduce advanced
manufacturing and strategic emerging industries. It will
He said he believes that there will be more also develop a group of influential projects to enhance
development opportunities for foreign companies in its high-tech industry.
China and Chinese enterprises going abroad.
For centuries, Guangzhou has been a gateway to
Thanks to the Chinese government's long-standing China's global trade and commerce and has now become
policy of opening-up, foreign investors' confidence has a symbol of China's openness and diversity as well as
greatly increased. In particular, the introduction of a of globalization in general. Nowadays, after nearly 40
negative list of foreign investment and the introduction years of reform and opening-up, Guangzhou is actively
of supporting measures have greatly simplified the participating in economic globalization and its influence
examination and approval procedures for foreign is gradually increasing. Guangzhou is becoming a mecca
investment, enhanced transparency and facilitated for innovative entrepreneurs.
foreign investment. Foreign companies in China are
embracing unprecedented opportunities. At the opening of the Fortune Global Forum 2017,
China and Guangzhou revealed what is meant by the
Guangzhou, China's "Southern Gate," has a spirit theme of "Openness and Innovation: Shaping the
of opening-up and innovation that has existed for Global Economy." An open and innovative Guangzhou
thousands of years. It is garnering the attention of is a microcosm of China's entry into a new era. China,
global investors. with a faster pace of innovation, better quality of
development and opening-up on all fronts, will become
In recent years, Guangzhou has focused on future more influential and surely bring more cooperation
development and introduced a large number of innovative opportunities for other countries to board China's "fast
and major projects. A new industrial chain is taking shape. train of development."
At the same time, as an important city in China, Guangzhou
has a strong capability of resource allocation, gathering Looking into the future, the benefits created by China's
and dissemination. It has attracted a number of important reform and opening-up and innovation will undoubtedly
companies to open offices there. As an international
lead to more win-win situations for all countries.■
10 AmCham South China
School of Government and senior fellow at the Pangoal down institutional barriers to business development and
Institution, said that China has made such a tremendous exploring new development paths.
achievement that it can be called a rare success of human
civilization. He said that means China's development In addition, Guangzhou has also made efforts to protect
model has proven to be useful. intellectual property rights, accelerating the application
of intellectual property. It has also worked hard on
Nurturing new motivation streamlining administration and delegating powers, and
provided efficient, convenient and standardized government
"China's economy has been transitioning from a services for business management.
phase of rapid growth to a stage of high-quality
development. This is a pivotal stage for transforming Also said in the congratulatory letter by Xi, is that China
our growth model, improving our economic will not close its door to the world, and it will only become
structure, and fostering new drivers of growth. It is more and more open, with its business environment
imperative that we develop a modernized economy," becoming more open, transparent and regulated.
Xi said at the 19th CPC National Congress.
In fact, Guangzhou has become one of the most
"We must put quality first and give priority to suitable cities for business in China. For the past
performance. We should pursue supply-side structural six years, Guangzhou has been ranked by Forbes
reform as our main task, and work hard for better magazine as the best commercial city in the Chinese
quality, higher efficiency, and more robust drivers of mainland for five years in a row. What's more,
economic growth through reform," Xi said. PricewaterhouseCoopers and China Development
Research Foundation ranked Guangzhou "China's City
"We should endeavor to develop an economy with more of Opportunities" for two consecutive years on the top
effective market mechanisms, dynamic micro-entities, of the list. Guangzhou is making a name for itself as a
and sound macro-regulation. This will steadily strengthen place of global innovative resources such as information,
the innovation capacity and competitiveness of China's technology, brands, know-how and talent. It is ideally
economy," he said. suited for development in the new era.
Baker McKenzie chair Paul Rawlinson said in a recent In the future, Guangzhou is focusing on 10 key areas
interview that he was very excited about the content of such as intelligent equipment and robots, a new
opening-up on all fronts in President Xi's report to the generation of information technology and bio-medicine.
19th CPC National Congress. It will strive to cultivate and introduce advanced
manufacturing and strategic emerging industries. It will
He said he believes that there will be more also develop a group of influential projects to enhance
development opportunities for foreign companies in its high-tech industry.
China and Chinese enterprises going abroad.
For centuries, Guangzhou has been a gateway to
Thanks to the Chinese government's long-standing China's global trade and commerce and has now become
policy of opening-up, foreign investors' confidence has a symbol of China's openness and diversity as well as
greatly increased. In particular, the introduction of a of globalization in general. Nowadays, after nearly 40
negative list of foreign investment and the introduction years of reform and opening-up, Guangzhou is actively
of supporting measures have greatly simplified the participating in economic globalization and its influence
examination and approval procedures for foreign is gradually increasing. Guangzhou is becoming a mecca
investment, enhanced transparency and facilitated for innovative entrepreneurs.
foreign investment. Foreign companies in China are
embracing unprecedented opportunities. At the opening of the Fortune Global Forum 2017,
China and Guangzhou revealed what is meant by the
Guangzhou, China's "Southern Gate," has a spirit theme of "Openness and Innovation: Shaping the
of opening-up and innovation that has existed for Global Economy." An open and innovative Guangzhou
thousands of years. It is garnering the attention of is a microcosm of China's entry into a new era. China,
global investors. with a faster pace of innovation, better quality of
development and opening-up on all fronts, will become
In recent years, Guangzhou has focused on future more influential and surely bring more cooperation
development and introduced a large number of innovative opportunities for other countries to board China's "fast
and major projects. A new industrial chain is taking shape. train of development."
At the same time, as an important city in China, Guangzhou
has a strong capability of resource allocation, gathering Looking into the future, the benefits created by China's
and dissemination. It has attracted a number of important reform and opening-up and innovation will undoubtedly
companies to open offices there. As an international
lead to more win-win situations for all countries.■
10 AmCham South China
