Guangdong’s AI business grows by leaps and bounds

Guangdong’s core business scale of the AI industry is expected to exceed 50 billion yuan ($7.06 billion) by 2020, according to the Guangdong provincial science and technology authority.

“Based on an AI development plan, the AI industry will drive development of related businesses such as robotics and smart equipment to a scale of 300 billion yuan by 2020,” said Yang Jun, deputy director-general of the Guangdong Science and Technology Department.

Guangdong, an economic powerhouse in South China, released an AI development plan in July 2018.

The scale of the core businesses of the AI industry in Guangdong reached 26 billion yuan in 2017, which took up about one-third of the national total, according to Yang.

To further help AI industry development, the Second China (Guangdong) AI International Summit is scheduled to open at Nansha district in Guangzhou, capital of Guangdong, from Oct 23 to 24.

With the theme of “AI & All”, the summit will invite top-notch scientists and industrial leaders to deliver speeches, unveil influential technologies and products and announce major projects and cooperation in the industry.

Additionally, the summit will include launching ceremonies for an open platform for AI innovation and the Guangdong-Hong Kong-Macao Greater Bay Area AI training center, established by the Guangzhou International AI Research Institute.

Nansha started fostering the AI industry in 2017, when the district opened various venues to the application of AI, such as hospitals, schools and roads.

The district has clustered more than 170 AI enterprises covering such fields as AI chip, algorithm and language recognition.

Source: China Daily

Business registration simplified for Guangzhou’s Huangpu district

Business people from Hong Kong and Macao will no longer need to travel between Guangzhou and the two special administrative regions for applications and registrations for investment in Guangzhou’s Huangpu district, according to the district government.

The Huangpu government signed a cross-border service cooperation agreement with several commercial financial organizations on October 22, to simplify the procedures of business application and registration for investment from Hong Kong and Macao.

According to the agreement, Hong Kong and Macao business investors are allowed to submit their application files in local financial organizations, which will eventually transfer investors’ documents to the market supervision authorities of the district.

After approval, Hong Kong and Macao investment applicants can also obtain business operation certificates in local financial organizations, which have already signed cooperation agreements with the Huangpu government.

According to sources with the Huangpu government, the simplified cross-border service is aimed at reducing costs and increasing efficiency for business investment from Hong Kong and Macao.

The booming Huangpu district, located in the heart of the Guangdong-Hong Kong-Macao Greater Bay Area, launched construction of several industrial zones for cooperation between Guangzhou and the two special administrative regions.

Source: China Daily

SMEs thrive as new momentum to economic growth in Guangzhou

Yuan Jianhua will never forget the subsidy from the local government in 2002 to help his company survive. It has now become a domestic leader in the development and production of laboratory consumable products.

“My experience tells me that a startup needs at least 10 years of survival and another 10 years to develop and succeed. Unfortunately, a big number of startups died in the first 10 years, as fund shortages were a major problem,” said Yuan, president of Guangzhou Jet Bio-Filtration based in South China’s Guangdong province.

He founded the company in Guangzhou Development District in 2001, which is under the administration of Huangpu district.

Two years later, the company was on the verge of bankruptcy. “I received a 200,000 yuan ($28,247) subsidy from the municipal department with the help of the district government at a critical point, which was big enough to pay 20 months of salaries to my 12 employees then,” he said.

In 2018 the company earned more than 200 million yuan and sold its products to about 50 countries and regions. These include the United States, Japan, Canada and Germany. Overseas markets contributed nearly 80 percent of annual revenue, according to the company’s figures.

In a sector that was once dominated by foreign companies, Yuan said the company now possesses 86 patents, including 23 invention patents. It aims to break the technical and market monopoly of the foreign competition and cut the prices of laboratory consumable products in the domestic market by 30-40 percent.

“We will take root in the district because the local government is highly efficient. It has carried out quite a few incentive policies to support the development of private companies and small and medium-sized enterprises. The subsidies and benefits the companies can apply for are clearly stipulated,” Yuan said.

The second phase of its industrial park, taking up an area of 160,000 square meters in GDD, started construction in March.

It is expected to become Asia’s largest manufacturing base for bio-laboratory consumable products, he added.

Located in eastern Guangzhou, capital of Guangdong province, GDD ranked first in terms of technological innovation. This was among all 219 State-level economic and technological development districts in China for 2018, according to an evaluation by the Ministry of Commerce.

The official figures indicate that the district has more than 20,000 innovative companies, of which at least 2,000 were credited as high-tech companies.

More than 80 percent of these high-tech companies are private companies and SMEs, and more than 80 percent of the invention patents, new technological achievements and new products in GDD are coming from private companies and SMEs, which have already been the major force for the district’s development.

GDD’s strength in innovation should be attributed to its strategy of emphasizing the development of private companies and SMEs, which the local government believes are flexible, dynamic capable of propping up the local economy. “The private companies and SMEs have served as new momentum to enhance the economic development quality of the district,” said Zhao Birong, deputy director of the industry and information technology bureau of Huangpu district.

In 2018, 93.4 percent of the 903 industrial companies in Huangpu with an annual industrial output of more than 20 million yuan each were private companies and SMEs, according to government statistics. They contributed 47 percent to the district’s total industrial output, up from 41.1 percent in 2017 and 37.2 percent in 2016.

They are mainly scattered in the strategic emerging industries in the district. They include automobile, electronic, energy, chemistry, electronic machinery, new-generation information technology, smart equipment, biomedicine and new materials. To energize private companies and SMEs, the district government issued 18 incentive measures in November 2018 to help with fund shortages, development transition and market exploration.

As one of the measures, the local government will coordinate an industry investment fund of 30 billion yuan. It will invite the participation of State-owned enterprises and support the growth of advanced manufacturing, modern service and strategic emerging industries.

The venture capital institutions that invest in private and SMEs in the seed stage and initial stage can get ample rewards, according to the new policy.

The local government will also set up a development fund with 10 billion yuan for private companies to solve their stock pledge and loan problems.

According to the measures, the government will help private companies and SMEs access a 30 billion yuan fund.

In it, the district government will subsidize companies for bank interests, guarantee costs and the interests of finance leasing.

The government also pledged to cut administrative costs, optimize customs’ clearance procedures, lower industrial land and housing costs and build more incubators.

Huayin Health Group, a third-party medical laboratory that focuses on medical examinations and diagnosis in GDD, got a fund of 23 million yuan due to its intellectual property recently.

In a trial move supported by the local government, Industrial Securities issued an asset-backed securitization bond in September. It aims to raise 301 million yuan for 11 private high-tech SMEs in GDD, including Huayin, based on their patent license fees.

“The faster a company develops, the bigger fund demands it will have,” said Huang Chunbo, founder and general manager of Huayin Health. “Besides equity and bond financing, banks are our major channel but intellectual property usually doesn’t work. They need fixed assets.”

The innovative funding attempt is a boon to high-tech SMEs with patents, which can solve financial problems and lower financing costs, he noted. Huang added that the government efforts should not be neglected.

Source: China Daily

[Open Guangzhou] Pazhou: a new height of the digital economy development in Guangdong-Hong Kong-Macao Greater Bay Area

Pazhou’s Experimental Zone for Artificial Intelligence and Digital Economy (hereinafter referred to as the Pazhou Experimental Zone), sitting in the northeast of Haizhu district of Guangzhou and covering 12.5 square kilometers (excluding the Exhibition Area), comes from Guangdong province, Guangzhou and Haizhu District’s efforts to take the opportunities given by the development of the Guangdong – Hong Kong – Macao Greater Bay Area. It is regarded as the core area for helping support the construction of International Innovation and Technology Hub and Comprehensive National Science Center of the Greater Bay Area. The Pazhou Experimental Zone is devoted to establishing a pilot demonstration platform where the artificial intelligence and digital economy enjoy concentrated, innovative, cooperative, and integrated development. For now, the Haizhu district has formulated The Overall Plan for Establishing the Experimental Zone for Artificial Intelligence and Digital Economy in Pazhou which was passed after deliberation during Guangzhou’s the fourth meeting of the leading group for the construction of the Greater Bay Area.

Pazhou, as one of the core platforms in the Guangzhou-Shenzhen-Hong Kong-Macao Innovation Corridor, enjoys prominent geographical advantages since Zhujiang New Town and Guangzhou International Finance Center are just across river, thus making the “golden triangle” of economic development in the downtown area of Guangzhou. This area, covering Huangpu Ancient Port, a millennia-old trade port, and the Canton Fair Complex where the Canton Fair has been held for over 60 years. Neighboring Sun Yat-Sen University and Guangzhou Higher Education Mega Center, Pazhou, with high-end resources and key elements for technological innovation, is an incredible land for innovation and entrepreneurship.

Since June, 2015, the Pazhou Experimental Zone (the west zone) has brought in many leading corporations of artificial intelligence and digital economy such as Tencent, Alibaba, Gome, Vipshop, Xiaomi, Fosun, iFLYTEK, TCL, Rootcloud and so on, whose regional or even national headquarters will be settled here, with 21 major projects and the planned investment totaling 72.5 billion yuan. While these leading enterprises are building their headquarters, the industrial development is speeding. 99 projects and companies have been registered. In 2018, the main business income reached 18.242 billion yuan, an increase of 94.5 percent from last year, fixed asset investment was settled with ,8.312 billion yuan, 84.6 percent higher than the planned investment. The driving effect of leading corporations is accelerating, helping the form of an innovative industrial cluster led by digital economy at a fast pace, such as new generation of information technology, artificial intelligence, industrial internet. In recent years, new market entities of Pazhou has grown to 2000 to 3000 among which corporations take more than 80 percent.

While focusing on developing the west zone, Pazhou has established an international working team, and started urban design as well as planning and improvement of the middle and east zones. The southern area has also signed contracts and stored more than 144.67 hectares of land. A promising future is awaiting Pazhou in terms of industrial development.

Source: The Publicity Department of the CPC Haizhu District Committee

Nansha Station to be transportation hub of Greater Bay Area

The construction scheme of Guangzhou’s Nansha Railway Station on the Shenzhen-Maoming Railway was unveiled in September.

Nansha district is Guangzhou’s only access point to the sea, and is the hub linking Pearl River Delta’s urban cluster, Hong Kong, and Macao.

Benefiting from its unique geographic advantages, Nansha Railway Station has been set as the central transportation hub in the Guangdong-Hong Kong-Macao Greater Bay Area in the overall planning (2018-2035) for Guangzhou’s comprehensive transportation hubs released in January.

The Shenzhen-Jiangmen section of the Shenzhen-Maoming Railway, being 116.12 kilometers in length, is expected to start from Shenzhen’s Xili Railway Station and set up six stations linking Shenzhen Bao’an International Airport, Binhaiwan Bay Area in Dongguan, Nansha, Zhongshanbei Railway Station in Zhongshan, Henglan town in Zhongshan and Jiangmen.

Nansha Station is designed to include 14 platforms, as well as 30 tracks for arrival and departure. Various rail transit lines will pass Nansha Station in the future, including Guangzhou Metro Line 15 and 18, NS 1 Line of Nansha district, as well as the Ganzhou-Shenzhen passenger railway line.

A person in charge of the Nansha transportation bureau said that the construction of Nansha Station can enhance communication between the Guangdong-Hong Kong-Macao Greater Bay Area and other regions, as well as boost the spread of the Guangdong-Hong Kong-Macao Greater Bay Area to the Pan-Pearl River Delta region.

“The formation of the regional transportation hub will boost economic development and promote the establishment of a regional economic center,” said Hu Gang, professor from the School of Public Administration of Jinan University in Guangzhou.

“After the operation of the railway lines passing Nansha Station, Nansha will see more convenient transport to nearby areas such as downtown Guangzhou, Dongguan, Zhongshan, Zhuhai, and Shenzhen, which will accelerate the development of Nansha,” added Hu.


Strive for Excellence—the historic city never ceases to amaze the world

Guangzhou should reenergize itself by making new progress in integrating urban functions, enhancing soft power, and improving modern services and international business environment, said Xi Jinping, General Secretary of the Central Committee of the Communist Party of China, during his tour of Guangdong in October 2018.

Such a historic mission can only be accomplished through development. A host of significant platforms, including the Guangdong-Hong Kong-Macao Comprehensive Cooperation Demonstration Zone based in Nansha District, the Sino-Singapore Guangzhou Knowledge City, and the Experimental Zone for Artificial Intelligence and Digital Economy in Pazhou, are under construction; the reform measures to increase institutional interconnectivity among Guangdong, Hong Kong, and Macao have been rolled out; upgrades for the second phase of Yongqing Fang, Guangzhou’s historic landmark, have been vigorously made; and the pilot programs that encourage small and medium companies to aim high are being launched. With arduous efforts, the southern Chinese city has never ceased to amaze the world.

Over the past year, Guangzhou, guided by the development plan for the Guangdong-Hong Kong-Macao Greater Bay Area, has stayed committed to developing itself into a national central city and a global metropolis. In doing so, the city aims to lead the country in building institutions for high-quality economic development, developing a modern economy, pursuing opening-up on all fronts and creating a social governance model based on collaboration, participation, and common interests, and serve as an important window for China to showcase to the world the achievements of reform and opening-up and for the international community to observe the progress of the endeavor.

Continuity and Reform: New Economic Drivers

How can Guangzhou have enjoyed such sustained growth for over two millennia? A quick look at the hustle and bustle of Yongqing Fang may provide a clue. Here, the captivating Cantonese opera, the elegant Xiguan, a traditional area of Guangzhou, and creative cultural products, among others, offer tourists a new flavor of Guangzhou.

A blend of Chinese and Western cultures, numerous ancient relics, and globally renowned intangible cultural heritage items such as Canton-opera, embroidery and painted enamel constitute the important soft power for Guangzhou to march forward and bestow the city with vitality and irreplaceable charm.

To the east stands the Canton Tower. On the night of September 25, 500 drones rose up in unison as sparkling miniatures of the Tower on Haixinsha Island, coinciding with the lighting show on the north side of the Pearl River Delta where Haizhu Square and the Flower City Square, the urban axles of the city, shone.

A host of Guangzhou’s historic and cultural landmarks along the 3-km-long traditional urban axle from Yuexiu Mountain to the Pearl River have in many ways demonstrated the uniqueness and charm of the millennia-old commercial city.

Building on past achievements, a 12-km-long modern urban axle stretching from the Yanling Park to Haixinsha Island, has emerged to reshape the skyline of Guangzhou and witness the transformative changes the city has made.

The two urban axles can both offer a panoramic view and reveal the promise of the city. Tianhe CBD on the Flower City Square has become a cluster of high-end industries in South China, including headquarter economy, finance, science and technology, and commerce, attracting 201 projects financed by the Fortune Global 500 companies with 62 buildings worth 100 million yuan each.

In the first three quarters of 2019, the top eight emerging industries of Guangzhou achieved an added value of 317.406 billion yuan, an increase of 7% over the previous year.

The launch of a number of high-end technology companies and projects, including CanSemi Technology and LG Display, is expected to create a multi-billion industrial cluster. With new driving forces and thriving industries, Guangzhou is set to take its quality development to a new high.

“A historic city features integration and inclusion, with a solid foundation on economic, social, urban development, and cultural fronts,” said Ou Jiangbo, director of the Institute of Quantitative Economics of the Guangzhou Academy of Social Sciences. On top of that, Guangzhou’s urban development is underpinned by its prime geographical location, strong industrial base, and booming business.

Guangzhou leads South China in the manufacturing and service sectors, covering the most categories of the two industries. Of the 41 industrial categories nationwide, the city has 35, with 70% in the service sector. An improved industrial foundation has enabled Guangzhou to gain an edge in modern services and accelerate the formation of a new industrial chain.

Xi’s remark that “private firms have contributed a lot to the national economy and enjoy a promising future” serves as a perpetual driver for private companies in Guangdong to innovate. “As a technology firm, we stay committed to innovation-driven development,” said Yao Weibing, president of Guangzhou MINO Automotive Equipment Co., Ltd., adding that its proprietary automatic drilling robot, the world’s first of its kind, would be introduced in South Africa and North America.

Opportunity and Cooperation with its neighboring cities

Guangzhou and Dongguan, a manufacturing hub in Guangdong, are interconnected than ever.

A bilateral meeting between the CPC municipal committees and governments of Guangzhou and Dongguan was conducted at the end of September 2019, resulting in the agreement signed by the two cities for deepening cooperation in some major areas and the framework agreement for strategic cooperation between Guangzhou Development Zone and the Dongguan Water Town Special Development Economic Zone.

This productive meeting is not the first in their bilateral cooperation. Guangzhou and the Dongguan Water Town Special Development Economic Zone share many land-based transport links, including the Guangzhou-Shenzhen Expressway and the Dongjiang Bridge. Beyond the Guangzhou-Dongguan-Shenzhen Intercity Railway, which is expected to operate soon, Guangzhou will have its eastern extension of Metro Line 5 to connect with Line 1 of Dongguan Metro.

Since last year, Guangzhou has signed strategic cooperation agreements with four cities in Guangdong—Foshan, Zhongshan, Qingyuan, and Dongguan, including intercity collaborative programs between Nansha and Cuiheng New Area, and between Sanlong Bay and Guangzhou South Railway Station.

Seizing opportunities for more vitality is the call of the times. In the Guangdong-Hong Kong-Macao Greater Bay Area, a land of hope, Guangzhou enjoys increasing company of partners which boast multiple transport links and a free flow of resources.

Seizing opportunities for more vitality is also needed for further development. To do this not just requires an overall design for this historic yet dynamic city to integrate with the Greater Bay Area development but also requires it to play its due role in the Area and break new grounds in some critical fields to make a leading contribution to the Greater Bay Area development.

The city will make new progress in enhancing comprehensive urban functions and strengthen the role of Guangzhou as the core engine for the development of the Greater Bay Area, both to attract industries, talent, research and development resources, technologies and capital and to extend its functions to its neighboring areas.

It will comprehensively enhance its role as the international commercial center. From the ancient Maritime Silk Road to the China Import and Export Fair (Canton Fair) today, trade and commerce has always been the core competitiveness of Guangzhou. In every session of the Canton Fair held in recent years, for example, the percentage of the purchasers from the Belt and Road countries and regions has reached 45 percent and over 8,000 enterprises from there have exhibited their products.

It will comprehensively strengthen its role as the integrated transport hub, such as Guangzhou-Shenzhen-Hong Kong Intercity Railway on the east bank of Pearl River, Guangzhou-Zhuhai Intercity Railway on the west bank and the intercity railways connecting Guangdong’s east to its west, and Guangzhou South Railway Station’s further links with the cities in the Pearl River Delta such as Foshan, Dongguan, and Huizhou, forming a ring-shaped transport network.

It will constantly enhance its role as the center of technology, education and culture. The Hong Kong University of Science and Technology (Guangzhou) and the Pearl Science Park of the Chinese Academy of Sciences have officially begun their construction. These two key projects will deepen the collaboration among industries, universities and research institutes in the Greater Bay Area, and promote the scientific and technological innovation, industrial upgrading and quality development there.

Guangzhou has prioritized the implementation of the Outline Development Plan for the Guangdong-Hong Kong-Macao Greater Bay Area with the aim to build Guangzhou into an international metropolis, revitalize this historic city, and make new progress in the above-mentioned four aspects. Science, education, culture and modern services resources spread from Guangzhou to the Greater Bay Area via the convenient transport network and therefore promote the birth of a cluster of world-class cities in the region.

In the meantime, the synergy from the collaboration between Guangzhou and Shenzhen is enormous.

Early September 2019, Guangzhou and Shenzhen signed The Framework Agreement on Deepening the Strategic Cooperation between the two cities. The Agreement specified that they will deepen the cooperation in the following aspects: supporting Shenzhen in building itself into the demonstration pilot zone for socialism with Chinese characteristics; jointly building an international scientific and technological innovation center, an international integrated transport hub, a modern industrial system with international competitiveness, and a quality transport circle suitable for living, doing business and travelling; accelerating the building of a new regional development pattern constituted by “one core area, one coastal economic belt and one ecological development zone”; strengthening the cooperation between Nansha’s Demonstration Zone for Comprehensive Cooperation among Guangdong, Hong Kong and Macao and Qianhai’s Shenzhen-Hong Kong Modern Service Industry Cooperation Zone.

Both as the two first-tier cities within 100 kilometers and the central city and core engine for the development of the Greater Bay Area, Guangzhou and Shenzhen are charged with an important mission to boost the development of neighboring regions. Therefore, it is of great significance for both to better strengthen their cooperation to enhance their role as a core development engine and to join hands with Hong Kong and Macao for a world-class bay area and city cluster.

Reform and opening-up: the lifeblood of a dynamic city

The construction of Shenzhen-Zhongshan Bridge, spanning the Pearl River, is in full swing, which will create a new route to connect Nansha.

“It will help Nansha solve the problem of being at the geographic endpoint in transport, improve its position in the whole transport network of Pearl River Delta and build Nansha into a transport junction in the Greater Bay Area,” said Mr. Lin Jiang, professor at Sun Yat-sun University’s Lingnan College. As the only sub-center of Guangzhou, Nansha extends the urban function of Guangzhou to the estuary of Pearl River.

Nansha serves as a typical showcase of Guangzhou. Nansha is perfectly located in the core area of Pearl River Delta with a confluence of three rivers and links with South China Sea, the world’s busiest shipping route, via eight river entrances.

Openness represents the tradition of Guangzhou and also the essence of this city.

As an important starting point of the ancient Maritime Silk Road, Guangzhou opened the door to the rest of the world more than 2000 years ago.

The history of the Canton Fair is the epitome of China’s glorious course of opening up. An enormous number of Chinese enterprises have come and stood the test of the market at the Canton Fair. It is also here at the Fair that the global market has witnessed the strength of Chinese-made products.

Among the first batch of coastal cities open to the outside world, Guangzhou keeps unleashing the vitality generated by reform and opening up. National pilot zones for integrated supporting reforms, state-level new areas, and pilot free trade zone have been constructed and thrived in Guangzhou. Therefore, an open, all-round, multi-tiered and wide-ranging system of opening-up has taken shape in the city.

Guangzhou is well aware that deepening reform and opening-up remains a key for Guangzhou to make new progress at a higher starting point and higher level for a more ambitious goal. The top priority for the city now is how to take the lead in deepening reforms in business environment.

In the first half of 2019, the Measures on Further Optimizing the Business Environment of Guangzhou was officially promulgated. With the deepening of reform, the high administrative efficiency and quality services of Guangzhou have been appreciated by both domestic and foreign enterprises. It only took three days for Zurich Insurance Group and the Ace Group, both Fortune Global 500 companies, to finish the registration for their branch in Guangzhou; BeiGene started its construction here only 15 days after the signing of the contract. With a total investment of 61 billion yuan, Foxconn’s Gen 10.5 Display Industrial Park finished its negotiation and started the construction within only 100 days. It only took one year and a half for Guangdong’s only production line for 12-inch chips in CanSemi Technology to put into operation after it broke ground. Evaluating the reform by means of the efficiency of services to enterprises is the secret to Guangzhou’s success in business enhancement.

Making continuous progress in modernizing the internationalized business environment is the key to the vitality of this city. Henry Fok, a famous entrepreneur in Hong Kong, once described Guangzhou as follows: “If you want to know what opening-up is like, go and find the answer in Guangzhou.” In order to keep improving the business environment of Guangzhou, it needs to make bigger strides to align itself with the rules and regulations of global investment and trade in addition to further improving administrative efficiency.

What Guangzhou is today is attributed to its incorporation of opening-up into the mindset of its people and of the implementation of reform into every innovative measure for development.

The Key Points for Guangzhou to Comprehensively Deepen Reform in 2019 published this April specifies 209 reform items covering 40 categories in 11 fields. Among them 60 projects were selected with top priority in 2019.

Only reformers can move forward, only innovators can gain strength, and only innovative reformers can finally win out. Only a city firmly dedicated to reform and opening-up can build on its rich historical heritage and embrace a bright future featuring integrated and high quality development.

Source: Nanfang Daily

Guangzhou pushes ahead with economic restructuring with the construction of Guangdong-Hong Kong-Macao Greater Bay Area as the guiding principle

Building the Guangdong-Hong Kong-Macao Greater Bay Area is a major national strategy formulated, deployed and promoted by Xi Jinping, General Secretary of the Central Committee of the Communist Party of China. In February this year, the Outline Development Plan for the Guangdong-Hong Kong-Macao Greater Bay Area was officially issued.

Guangzhou promotes innovation in the cooperation mechanism within the Greater Bay Area with releases of guidelines on the implementation of the Greater Bay Area’s development, a three-year action plan and key annual work items. A working liaison mechanism has been established among the Greater Bay Area development offices of Guangzhou, Hong Kong and Macao, the first list of cooperation items has been formulated between Guangzhou and Hong Kong together with Guangzhou and Macao, and a list of tasks for coordinating the rules of Hong Kong and Macao was issued in the first place. The Guangzhou-Shenzhen Framework Agreement on Deepening Strategic Cooperation was signed, with a list of key cooperation projects formulated between the two cities and cooperation among major areas like Nansha and Qianhai promoted. What have been deliberated and approved are the 2019 key work plan for integrated urban development of Guangzhou and Foshan, and the one for jointly building four trillion-level industrial clusters. The Memorandum of Understanding on Jointly Building Pilot Zones for High-quality Development and Integration has been signed.

Guangzhou has completed the implementation plan for the construction of the Guangdong-Hong Kong Industrial In-depth Cooperation Park in Nansha and the development plan for China-Singapore Knowledge City in Guangzhou, which have been deliberated by the Greater Bay Area Leading Group of the CPC Guangdong Provincial Committee and submitted to the leading group of the Central Committee. An action plan has been issued to give full play to the advantages of Guangzhou as a national central city to support the development of young people from Hong Kong and Macao in Guangzhou, while an efficient and convenient service platform is being established to help people visit, work, start businesses and live in Guangzhou. The supply-side structural reform has been deepened with revised guidelines released to reduce costs for manufacturing enterprises, and 59 policies and measures proposed to in 10 aspects including tax burden relief for enterprises.

We have taken measures to improve the efficiency of land use for industrial purposes, and implement differentiated land use management for projects in new industries, and new forms and models of business. Measures for evaluating the performance of fiscal management have been rolled out to promote the whole city’s budget management in a holistic manner. The mechanism of science and technology innovation has been improved with the introduction of the pioneering policies and measures of the Pearl River Delta National Independent Innovation Demonstration Zone (Guangzhou), and implementation of 12 steps to promote science and technology innovation. Guangzhou has also introduced Measures to Support Research Institutes’ Development of Guangzhou, and a reform plan on financial special fund allocation for science and technology. The 2019 edition of the negative list on fund use by jointly building new R&D institutions has been released, while steady progress has been made in the pilot transfer and application of the R&D achievements from Sun Yat-sen University and other five counterparts. Guangzhou has deepened reform of the financial system by formulating and implementing guidelines on promoting the innovative development of green finance, developing inclusive finance, and increasing financial support for small and micro businesses, innovation and entrepreneurship, agriculture, rural areas, farmers and other areas. Efforts have been made to improve finance’s role in serving the real economy, promote the integrated development of science and technology and finance, and prevent and control financial risks.

The China (Guangdong) Pilot Free Trade Zone Nansha Area of Guangzhou has carried out trials of qualified foreign limited partner (QFLP) and qualified foreign general partner (QFGP), and made innovations in cross-border ship leasing assets transaction with the settlement of the first order in U.S. dollars. Reforms of state-owned assets and enterprises have been promoted by improving the supervision list and guidelines of State-owned Assets Supervision and Administration Commission (SASAC), and formulating an implementation plan for reforming the authorized operation system of state capital with the focus on managing capital. Guangzhou has promoted enterprises’ restructuring and supported the mixed-ownership reform and listing of five enterprises including Guangzhou GRG Metrology & Test, Guangzhou Rural Commercial Bank (A share market), Bank of Guangzhou, Wanlian Securities and Guangzhou Metro Design Institute. The stock option incentive plan of Guangzhou Grandbuy Co.,Ltd. has been approved by the municipal government and reported to the SASAC of Guangdong province for keeping on record.

Guangzhou has formulated guidelines on the pilot work of professional managers in municipally managed enterprises, issued the suggestions of pilot work of chief accountants appointed by the investors in supervised enterprises, and established a reserve talent pool of chief accountants. The incorporation of Party building into the constitution of city-owned state-owned cultural enterprises has been facilitated. Efforts have been made to build a new system for an open economy, fully implement the management system of pre-entry national treatment plus a negative list management for foreign investment, and support the establishment of wholly foreign-owned enterprises in special vehicle manufacturing, new-energy vehicle manufacturing and railway passenger transport.

We have actively promoted the development of the Belt and Road Initiative, and accelerated the development of new forms of foreign trade. The policy of “exemption from value-added and consumption taxes and no tax refunds” has been implemented for cross-border e-commerce retail export. The import and export of cross-border e-commerce and bonded logistics increased by 50.4 percent and 16.7 percent respectively compared with the same period of last year. We have given full play to the pilot advantages of the Nansha free trade area by unveiling the country’s first guidelines (2019 edition) on opening up professional services. The coverage of international trade “single window”’s main business reached 100 percent, while the free trade account practice has been approved by People’s Bank of China for local application. A total of 457 institutional innovations have been achieved, 42 of which were promoted in the rest of the country.

The new model of cross-border e-commerce regulation, the e-government service model to design exclusive webs for enterprises, and the smart local financial risk monitoring and control platform have made into the three batches of best FTA practices evaluated by the Ministry of Commerce.

Landmark reforms have been made, including the development of a model “online customs”, global quality tracing center and global customs declaration system. Guangzhou has also pushed ahead with comprehensive administrative law enforcement reforms across the region, and set up the Greater Bay Area and Belt and Road Legal Service Cluster.

Source: Office of the CPC Guangzhou Municipal Committee for deepening overall reform

Traditional Han clothing increasingly popular in China

Hanfu fans attend an activity in Fuzhou, southeast China. (Photo/Xinhua)

Hanfu, or the traditional clothing of the Han ethnic group, has become more and more popular among Chinese young people in recent years. It is estimated that China’s hanfu market now has more than 2 million consumers, with the total industry scale reaching 1.1 billion yuan.

Consumers of hanfu increased 92 percent year on year in 2018, according to a report released by Tmall, China’s e-commerce platform. The Han clothing meets their aesthetic taste and also expresses their individualism, said many hanfu fans.

Hanfu clubs and organizations have helped promote the traditional culture. Zeng Yunqi, former head of the hanfu club of the Renmin University of China, said their club would hold several events each year to bring the culture to more people, including international cultural festivals and performances.

The number of civil groups or organizations interested in hanfu culture around the world reached over 2,000 in 2019, 46 percent more than that in 2017, said Wang Jiawen, head of a hanfu culture committee under the Chinese Traditional Culture Promotion Society of Guangdong province.

Meanwhile, social media platforms such as TikTok and popular television series with traditional elements have also helped bring the Han clothing back under the spotlight.

The growing market in traditional Han clothing drives the development of related industries such as the accessories to match the clothes, hanfu renting as well as experience stores.

Li Na, owner of a hanfu experience store in Beijing, said the clothes in her store vary from several hundred yuan to several thousand. The store also provides services such as hanfu renting, putting on traditional make-up on the consumers as well as taking photos of them dressed in the clothes.

Singapore-based company optimistic about the Chinese market

A grain and oil processing project of Yihai Kerry Investments Co., Ltd. invested by Wilmar International Ltd., a Singapore-based agribusiness group, landed in Fuyu county, Qiqihar, Heilongjiang province of China in June 2018.

Under the project, an agro-industrial park is being built in Fuyu with a total investment of over 5 billion yuan. The park is expected to start operation before the end of 2020 and will bring an annual output value of more than 8 billion yuan once completed.

“We had our concerns before investing in Fuyu county. It was the sincere and efficient services of the local government that made us more confident,” said Guo Kongfeng, chairman of Yihai Kerry.

To facilitate the Yihai Kerry agricultural project, Fuyu county set up a special team made of professionals to manage the construction. The team members not only introduced talents into the company, but also helped it gain official approval of land use etc.

After entering the Chinese market in the early 1990s, Wilmar International has established more than 60 production bases and over 100 manufacturing-type entities in China, with a workforce of about 28,000.

China has become the core of Wilmar International’s global layout, with the country’s business volume accounting for 55 percent of the company’s global turnover.

Guo pointed out that China’s large population and consumption upgrade have provided the company with irreplaceable opportunities for growth and development.

Wilmar International will continue to embrace the Chinese market, with its newly added investment in China expected to exceed 30 billion yuan in the next five years, said Guo.

Chinese artist creates paper-cut works of Olympics and Paralympics mascots

(Photo/Beijing Daily)

Hao Lanying, a 67-year-old paper-cutting artist, created the paper-cut works of the official mascots of the Beijing 2022 Olympic and Paralympic Winter Games to send good wishes to the two events, Beijing Daily reported.

Hao said she had learned about the interpretation of Bing Dwen Dwen, the mascot of the Beijing 2022 Olympic Winter Games, and Shuey Rhon Rhon, the mascot of the Beijing 2022 Paralympic Winter Games, before she reproduced them in terms of paper-cutting art.

She has been creating traditional paper-cutting works for 60 years. She draws her inspiration from the countryside where she grew up and her works of art always contain elements of waves and raindrops.

As the fifth generation successor of the unique paper-cutting style, which has been officially recognized as a national-level intangible cultural heritage, Hao has published a collection of over 100 original works.

One of her works was even collected by the United Nations Educational, Scientific and Cultural Organization (UNESCO) in 2004.