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Major Projects
Large projects enable establishment of Guangzhou's innovation structure
Source: english.gz.gov.cn

On March 7, the wholly-owned subsidy of BeiGene, Ltd. - BeiGene (Hong Kong) Co. Ltd. (BeiGene Hong Kong) and Guangzhou Development District (GDD) and its affiliated enterprise Guangzhou GET Holding Co. Ltd. (GET) signed the final agreement to establish BeiGene Biopharm Co. Ltd., and a biomedicine production base with international advanced level and commercialization scale in Guangzhou. This project will start construction within this year and the investment is estimated to reach RMB2.2 billion.

It is rare in the domestic enterprises of China to successfully develop the brand name drugs and pass the certification of the USA FDA. The settlement of BeiGene which boasts “a high starting point, high R&D strategy and high internationalization level” will add a brilliant touch to Guangzhou’s efforts in building the international scientific and technological innovation hub.

On March 1, the 10.5 generation display full-eco industrial park of Foxconn Technology Group has officially started construction in Zengcheng Economic and Technological Development Zone. The Phase I investment will reach RMB61 billion in total. This is another giant project settled in Guangzhou following Cisco, COSCO Shipping and GE biological park and the advanced manufacturing project with the largest single investment since Guangzhou implemented the reform and opening up policy.

On March 7, when receiving an exclusive interview of Guangzhou Daily, Fu Yuning, member of the CPPCC and chairman of China Resources Holding, said he was optimistic about Guangzhou’s real economy development and the supply-side structural reform, and confident in the business environment, and will increase investment In Guangzhou to open a high-end supermarket at Tianhui Square, which has an area of more than 3,000 square meters.

Peaches and plums do not have to talk, but the world beats a path to them. Just as what the Chinese saying implies, the capital-intensive projects, technology-intensive projects, hub type projects that have the concentration and driving effect to the whole industrial chain and the innovation projects have settled in Guangzhou. As of the end of 2016, 288 of Fortune 500 corporations have made investment in Guangzhou and set up 797 projects here, reflecting the charms and vitality of the national central city from different aspects. When being asked why choose Guangzhou, different enterprises have different answers. But there is one reason being repeatedly mentioned, Guangzhou’s agreeable business environment. Open and high-efficient Guangzhou has ranked the first on the Best Cities for Business on the Chinese Mainland for three consecutive years. Mr. Alan Murray, Chief Content Officer of Times Inc. and editor-in-chief of Fortune, said when explaining why choose Guangzhou to hold the Fortune Global Forum 2017 that Guangzhou is not only an open and inclusive thousand-year old commercial city, but has excellent business environment and proper measures in boosting investment and business development that are highly attractive to multinationals.

The outstanding business environment of Guanghzou was created with hard works. On improving the economic development quality and benefits, Guangzhou has unswervingly promoted the industrial transformation and upgrade, focus on rejuvenating the real economy, given full play to Guangzhou’s biggest advantage of opening up, insisted on combining the capital and technology introduction with the talent introduction, and given priority to improving the quality of foreign investment. On promoting construction of the national innovation central city, Guangzhou has vigorously developed the high and new technological industries, fostered and incubated innovation leading enterprises. On the construction of the hub type network city, Guangzhou has enhanced functions of the three international strategic hubs, and built high-end resources absorber and radiation sources. On improving the marketized, internationalized and law-based business environment, Guangzhou has properly dealt with the relationship between government and market and actively adapted to and used the international investment and trade rules....

To grow stronger, a city must have ideas and measures, plans and starting point as well. Guangzhou has built a batch of scientific and technological innovation corridors and platforms, namely Nansha Area of China (Guangdong) Pilot Free Trade Zone, Guangzhou Aerotropolis, Guangzhou Hi-Tech Industrial Development Zone, Science City, Guangzhou Private Science and Technology Park, Tianhe Smart City, International Bio-Island, Guangzhou Higher Education Mega Center, International Innovation City, and the “golden delta” consisting of Zhujiang New Town, International Financial City, and Pazhou Internet Innovation Cluster. From “building nests to attract phoenixes” to “attracting phoenixes to build nests”, Guangzhou’s high- and new-tech concentration and development has embarked on the virtuous cycle track. “But what made us to finally determine to invest in Guangzhou is the high importance GDD has attached to the biomedicine industry, and the industrial clusters here,” said a director of BeiGene.

“When the upper level and the grassroots share the same goal, they will win”. This is also the attraction of Guangzhou. Terry Guo has highly valued Guangzhou. He said, “It takes less than 50 days from the project negotiation to agreement signing. From this we can see the high efficiency and determination of Guangzhou municipal government to development of high technology, fully reflecting Guangzhou’s ambition of developing advanced manufacturing.” The speed reveals the efficiency, and more importantly, witnesses sincerity and determination of the municipal government. This is the foundation for Guangzhou to make achievements and the footstone for the future development.

In the future, Guangzhou will need to stay true to the mission, keep going, advocate the spirit of hard working and seek excellence continuously.


(Source: Invest Guangzhou)

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