Economic Internationalization: the Only Way for the Development of Guangzhou in the Era of Globalization the State Council；Chief economist of Ping An Securities

We will take the initiative to open the greatly growing market in Guangzhou and encourage the introduction of the international advanced technologies and equipments. At present, Guangzhou is at a crucial phase for industrial transformation and upgrading and there is a great demand for raw materials, advanced equipments, key technologies and key parts. We took the lead in issuing 7 measures on promoting import by simplifying the procedures on import to shorten the time of customs clearance, and providing loans to small and medium sized enterprises so that they can introduce advanced foreign technologies and equipments. In Guangzhou Free Trade Zone, we are establishing a “one-stop” international trading platform with the functions of raw material purchasing, product trading, bonded exhibition, insurance and foreign exchange settlement rolled into one.

Being fully aware of the significance of ecological preservation, we are eager to develop the environmental protection industry by global cooperation. Efforts will be made to introduce environmental protection projects from developed countries and regions such as the US, Japan and European countries in aspects of advanced equipment, new materials, new energies, ecological agriculture and environmental protection services. Focus will be placed on introducing investments by companies specializing in manufacturing of equipments for water treatment, air pollutions treatment and solid waste processing. As a result, the industrial chain of the technological research & development, engineering designs, consultation services, and product marketing of the environmental protection industry will be developed. 

Ladies and gentlemen,

The history of the opening up policy has not only shaped an economically developed Guangzhou, but also cultivated broad-mindedness and global insights in the people of Guangzhou. We are convinced that only by actively engaging in the economic globalization can we enhance the overall strength and international competitiveness of our city; only by sticking to the principles of mutual benefits and co-win can we realize harmonic development of all regions. We will further enhance the economic internationalization of Guangzhou, embrace the harmonious integration of global economy with the rest of the world so as to create a more harmonious and bright future.

Thank you!