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Look at the picture here, the picture of Guangzhou Development Area (GDA). Beautiful, isn’t it? More than that, if you’re interested in investing in China. Once there, you’ll find it a “paradise” for investors.
The GDA Administrative Committee governs the Guangzhou Economic and Technological Development Zone (GETDZ), Guangzhou High-tech Industrial Development Zone (GHIDZ), Guangzhou Export-Oriented Processing Zone (GEPZ) and Guangzhou Bonded Zone. These together cover 99.2 square kilometers.
The GETDZ is one of the first 14 state-level development zones established in the early 1980s with approval of the State Council, China’s Central Government. It consists of three parts - the West park, the East Park, and the Yonghe Development Park special for investors from China’s Taiwan Province. The GETDZ is designed to cover 56.68 square kilometers and, by the end of 2001, development had been completed on 17.67 square kilometers. A total of US$3.754 billion in foreign investment had been realized in the GETDZ. Companies in the GETDZ have generated RMB200.3 billion yuan (US$24.22 billion) in combined industrial value, and their exports, put together, have come to US$5.981 billion. Companies using high and other advanced technologies now furnish more than 80% of the industrial value generated by the zone.
The GHIDZ is among the first batch of high-tech development zones that the State Council approved in March 1991. The Guangzhou Science Town, one of the six industrial parks under GHIDZ, is expected to play a pivotal role in the development of Guangzhou’s high-tech industries. Construction of the Science Town began in late 1998. Though still being developed, the Science Town is already home to 26 foreign-funded projects specializing in development of IT, bioengineering and other high-tech undertakings. By the end of 2001, GHIDZ had generated RMB38.5 billion yuan (US$4.65 billion) in industrial output value and attracted US$290 million in foreign investment.
Development of the GEPZ won approval of the State Council in April 2000 as one of the first 15 export-oriented processing zones in China. Construction is now under full swing on various facilities there.
The Guangzhou Bonded Zone, in fact a free trade zone, was the newest part of the GDA. It was set up in May 2002. Since then, 1,550 projects have won government approval to settle in the Guangzhou Bonded Zone, which involve a combined capital input of US$1.34 billion. Included are 399 foreign-funded projects, which are valued at US$906 million. Imports and exports that have been handled in the zone come to US$2.2 billion in value, including US$1.52 billion in exports.
The GDA has established economic and trade relations with more than 60 countries and regions across the world. Some 632 industrial enterprises are currently producing in the GDA. Among the Fortune 500, 65 have started factories in the GDA. The GDA is the “paradise” for investors because it affords the best investment environment in China and, as you can see in the photo, it is a “paradise” in a physical sense.
The GDA Administrative Committee governs the Guangzhou Economic and Technological Development Zone (GETDZ), Guangzhou High-tech Industrial Development Zone (GHIDZ), Guangzhou Export-Oriented Processing Zone (GEPZ) and Guangzhou Bonded Zone. These together cover 99.2 square kilometers.
The GETDZ is one of the first 14 state-level development zones established in the early 1980s with approval of the State Council, China’s Central Government. It consists of three parts - the West park, the East Park, and the Yonghe Development Park special for investors from China’s Taiwan Province. The GETDZ is designed to cover 56.68 square kilometers and, by the end of 2001, development had been completed on 17.67 square kilometers. A total of US$3.754 billion in foreign investment had been realized in the GETDZ. Companies in the GETDZ have generated RMB200.3 billion yuan (US$24.22 billion) in combined industrial value, and their exports, put together, have come to US$5.981 billion. Companies using high and other advanced technologies now furnish more than 80% of the industrial value generated by the zone.
The GHIDZ is among the first batch of high-tech development zones that the State Council approved in March 1991. The Guangzhou Science Town, one of the six industrial parks under GHIDZ, is expected to play a pivotal role in the development of Guangzhou’s high-tech industries. Construction of the Science Town began in late 1998. Though still being developed, the Science Town is already home to 26 foreign-funded projects specializing in development of IT, bioengineering and other high-tech undertakings. By the end of 2001, GHIDZ had generated RMB38.5 billion yuan (US$4.65 billion) in industrial output value and attracted US$290 million in foreign investment.
Development of the GEPZ won approval of the State Council in April 2000 as one of the first 15 export-oriented processing zones in China. Construction is now under full swing on various facilities there.
The Guangzhou Bonded Zone, in fact a free trade zone, was the newest part of the GDA. It was set up in May 2002. Since then, 1,550 projects have won government approval to settle in the Guangzhou Bonded Zone, which involve a combined capital input of US$1.34 billion. Included are 399 foreign-funded projects, which are valued at US$906 million. Imports and exports that have been handled in the zone come to US$2.2 billion in value, including US$1.52 billion in exports.
The GDA has established economic and trade relations with more than 60 countries and regions across the world. Some 632 industrial enterprises are currently producing in the GDA. Among the Fortune 500, 65 have started factories in the GDA. The GDA is the “paradise” for investors because it affords the best investment environment in China and, as you can see in the photo, it is a “paradise” in a physical sense.