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Industrial transformation creates business opportunities in Guangzhou
Update: 2017-08-31     Source: english.gz.gov.cn
"Made in China 2025" is an economic initiative announced in 2015 to comprehensively upgrade Chinese industry. It helps to reshape Chinese manufacturing by reducing labor-intensive production and developing high-tech machinery and goods. This presents opportunities for global enterprises in the fields like high tech equipment, information technology, AI, etc.

For more than 2000 years, Guangzhou has been the trade center of southern China. Its prominent status in trade has earned it the reputation of "Millennia Business City".

In recent years, Guangzhou has been encouraging enterprises in the traditional sectors to invest in upgrading technology such as smart manufacturing and robotics, which reflects a huge market potential.

For vehicle manufacturing industry, the number of robots for welding and spraying used by auto makers such as Dongfeng Nissan, Guangqi Toyota and Guangqi Honda has exceeded 400.

According to the Industry and Information Technology Commission of Guangzhou Municipality, besides automobile manufacturing, robotics and smart devices are being widely used in more than 10 industries, such as petrochemicals, electronics and furniture manufacturing. By the end of 2016, about 600 enterprises in Guangzhou were using automated production lines.

IAB industry, leading factors for the city's industrial transformation

Apart from technological upgrading, the city is gaining new momentum by fostering emerging strategic industries - IAB, the city's emphasis for the Made in China 2025 initiative.

The IAB scheme adopted by the city, aimed to shore up information technology, artificial intelligence and bio-pharmaceutical, is expected to enhance its attractiveness, creativity and competitiveness by creating industrial clusters worth hundreds of billions of output value.

For instance, with the construction of the Foxconn 10.5-generation panel plant and the Cisco (Guangzhou) Smart City project started, the production of photoelectron components and mobile communication base station equipment has increased by 97.9 % and 77.3 % respectively.

Similarly, after iFLY TEK and AsiaInfo Technology settled in Guangzhou, the production of industrial robots has increased by 31.4 %, and with the GE Biotechnology Park and BeiGene Bio-pharmacy project starting construction in Guangzhou, medical instruments and equipment production has increased 18.1 %, according to a report by China Daily earlier this month.

Niles Rand, the vice president of Novo Nordisk in Denmark, said that they see GE has built a bio-pharmaceutical park in Guangzhou and international biological pharmaceutical enterprises like Novartis has also invested in Guangzhou. Therefore, when they considered to introduce a new product into China, Guangzhou will the first choice.

Goals for Guangzhou’s "Made in China 2025" initiative

IAB is among the city’s 8 key manufacturing sectors listed in the plan. The other five sectors are health care, smart and new energy vehicles, new materials, new energy, urban consumer industries and producer services.

According to the plan, Guangzhou is expected to gain a total industrial output of 1.3 trillion yuan, value added in manufacturing accounts for 25% of the city’s GDP, value added in advanced manufacturing accounts for 69% of total manufacturing industry by 2019.

In future, Guangzhou will speed up the development of industrial chain for new generation display technology, industry cluster for intellectual equipments and robots as well as to attract investment of one to three Global 500 pharmaceutical enterprises.

Besides, a local “Made in China 2025” industrial fund will be set up to support the above 8 key industries. Other support will involve land, talents, intellectual property protection, etc.

(by Will, newsgd.com)

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