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Guangzhou to become more innovative and business-friendly
Update: 2018-09-04     Source: newsgd.com

Nansha Port. (Photo by Southcn.com)

Throughout the forty years of Reform and Opening Up, Guangzhou has always been at the frontier of development and trade, growing into one of the most dynamic city in China and an economical giant. This has much to do with its relentless efforts toward innovation and a better business environment.

As the last stop of the media tour to Guangdong-Hong Kong-Macao Greater Bay Area, the delegation visited Nansha District, an part of Guangdong Free Trade Zone and witnessed the recent development in the new area.

Picking up the pace for business

Nansha Government Affairs Service Center. (Photo by Southcn.com)

“How fast it is to get the permission within one working day! I just finished my online appointment yesterday!” said Mr. Zhu in the Government Affairs Service Center of Nansha District, Guangzhou. He came here for his business registration procedures.

Nansha Government is striving for optimizing its business environment by simplifying registration procedures, allowing people to start their business in a shorter time. Tailoring to innovation enterprises, more preferential policies are introduced. Now it only takes one day to apply for the business license and three days to open an official bank account. With shorter time and less materials to fill in, companies are sure to benefit tremendously.

Meanwhile, automatic self-service machines are applied. This is a new convenience for individuals and enterprises, besides existing channels such as online, mobile and offline service center. Via this kind of machines citizens can process affairs in Guangzhou, Foshan, Jiangmen and Dongguan, and will be trailed in the other five cities in the Greater Bay Area. The service is to be linked with Hong Kong and Macao in the future to realize an all-day service across the entire Area, according to Li Ao, a staff from the Administrative Management Office of Government of Nansha.

In recent years, Guangzhou has been dedicated to building the most attractive environment for business in China, and has seen fruitful results from the innovation in governmental service. As the registration and approval process shortens and efficiency increases, Guangzhou is demonstrating its determination. As a result, it celebrates a 45.8% increase in the amount of new business registration to 207 thousand enterprises, and 109 investment projects from the world's top 500 enterprises. Thanks to an increasingly alluring business environment, Guangzhou is gaining momentum.

Regulating E-commerce in a brand-new way

Containers in Nansha Port. (Photo by Southcn.com)

Owing to a more convenient, international, institutionalized and market-open environment for business and trade, Nansha Area of Guangdong Free Trade Zone (GDFTZ) is enjoying a global trade boom.

In 2017, it recorded a total amount of 195 billion Yuan in import and export, a 15.2% growth, and a container throughput of 13.95 million TEU, 10.5% higher than the previous figure. Over the years, major E-commerce enterprises have locate their cross-border electronic business in Nansha, such as JD.COM, JUMEI, VIPs, DangDang.com, and TMall International.

“Nansha has three advantages,” explains Song Xiaoming, vice general manager of Guangzhou Port Group. “First, Nansha enjoys a geographical advantage of locating in the middle of the Pearl River Delta. Second, Nansha has introduced an innovative mode of supervision, ensuring a fast and high-quality development for cross-border E-commerce. Third, Nansha owns plentiful ship routes covering domestic and international markets.”

Nansha is currently intensifying cooperation and trade with countries along the Belt and Road. To further carry out the Belt and Road Initiative, The free trade zone are lavishing cooperation memos with international partners such as Shannon FTA in Ireland, Dubai Airport FTA Management, ASEAN SME Economic and Trade Commission, and Inchon Bay, while constructing domestic strategic partnership with Xixian New Area, Guian New Area, and Sichuan FTA (Nanlin port).

AI innovation

A reporter experienced the latest AI technology. (Photo by Southcn.com)

High technology is gaining insurmountable importance in Guangzhou’s development strategy. These years, the city is centering its growth on high-tech enterprises, as it provides a better environment for technological business.

Efforts are focused on a new generation of Information and Communication Technology, AI, bio-medicine, new energy and new materials, regarded with “strategic importance”. Up to 20,000 of global enterprises in these fields have settled down in Guangzhou, including 297 on world’s top 500 list. The technological innovative enterprises in Guangzhou total 169,000, and high-tech ones make up 8690.

Nansha-based Yuncong Technology is a rising power in the field of AI. Built in 2015, Yuncong specializes in computer visuals and AI, and is the biggest supplier of AI products in over 400 bank throughout China. With its help, the police has arrested 2605 suspects by March, 2018. 54 airliners turn to Yuncong for their service.

Ye Han, vice general manager, introduced that this March his company signed a framework agreement on strategic partnership with Zimbabwe to carry out the first AI project of China in Africa, aiming to pave the way for exporting AI technology to Africa.

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