Situated in the east part of Guangzhou, Huangpu district / Guangzhou Development District is at the center of the golden delta comprised of Guangzhou, Hong Kong, and Macao. According to the result of the evaluation of the comprehensive development level of 219 State-level economic and technological development zones, announced by the Ministry of Commerce in 2017, the district ranks third in terms of overall comprehensive strength, with its industry basis, technological innovation, and foreign capital utilization in third place, and the economic benefits it produces in first place.
The district's GDP increased 6.6 percent to 320.95 billion yuan in 2017; ranking the Guangzhou High-tech Zone among the top ten in China. Total output value of industrial enterprises above designated size was 745.91 billion yuan, accounting for 40 percent of the whole city, fixed assets investment was 110.12 billion yuan, actual use of foreign capital was 2.22 billion US dollars, and the total revenue exceeded 100 billion, leading the 219 development zones.
In the first half of 2018, the district achieved a GDP of 165.8 billion yuan with an increase of 7.5 percent. The district also ranked first in Guangzhou under several headings, such as total industrial output where value was 363.67 billion yuan with an increase of 6.4 percent; fixed assets investment worth 49.72 billion yuan with an increase of 14 percent; \technical transformation investment of 2.81 billion yuan with an increase of 38.1 percent; and total tax revenue which reached 50.53 billion yuan. There were more than 170 investment projects of Fortune 500 companies, accounting for 60 percent of the city's total; the number of listed companies accounted for 2/3 of that of Guangzhou. On top of that, the district has incorporated about 15,000 SciTech innovation enterprises, including 1,632 high-tech enterprises (1/4 of the city's total) whose output value accounted for 78 percent of that of the city. In addition, the district has embraced more than 170 investment projects of Fortune 500 companies, 49 listed companies, and 121 listed companies.
Guangzhou Knowledge City, spanning 123 sq km with a developable area of 60 sq. km, is a Sino-Singapore demonstration project. Sino-Singapore Guangzhou Knowledge City (SSGKC) focuses on a knowledge-intensive economy and emerging sectors including a new generation of information technology, high-end equipment manufacturing, low-carbon economy, biomedicine, digital economy, new materials, and marine economy, building innovation parks which value new information technology, artificial intelligence, biomedicine, new energy and new materials. It also sees the Guangdong-Hong Kong-Macao Greater Bay Area as an integrated incubator for ciTech innovation, as it seeks to build new dominance in intellectual property rights protection for the Guangdong-Hong Kong-Macao Greater Bay Area and to realize a "Silicon Valley life".
Huangpu Lingang Economic Zone, with 42 sq km, including 15 square kilometers of water area, intends to grow modern service industries such as a headquarters economy, shipping services, technology finances, and cultural creativity. With the geographical advantage of the golden delta and overall planning of the area along the Yangtze River to international standards, the zone strengthens the coastline port and enterprise transformation and upgrading, and helps transform urban landscape into a modern metropolis in a new era of global innovation for port cities,.
Guangzhou Science City (GSC) is the core of the Guangzhou Hi-Tech Industrial Development Zone, with an area of 37.47 square kilometers. It is targeted at building a scientific road forward to a headquarters economic corridor, at highlighting the international high-end enterprises agglomeration and the ecology of innovation and entrepreneurship, and to upgrading high-tech industries, R&D institutions, and an elite workforce. Meanwhile, GSC is dedicated to building a world-class high-tech industrial park. For this reason, it easily attracts technology enterprise headquarters, R&D centers, and settlement centers among other types of resources which improve urban public services and help develop municipal supporting facilities.
Guangzhou International Biotech Island (GIBI) is the core carrier of the National Biological Industry Base of Guangzhou, covering an area of 1.83 sq. km. It aims to create globally outstanding innovation and start-ups centers for world biomedicine, with a focus on improving the city's urban design and construction standards, the public technology service platform, and the national laboratory for regenerative medicine and health. It introduces global biomedical R&D institutions and headquarters, build a global biomedical R&D and industrial innovation space, and will be the permanent home of the Guanzhou International Bio Forum and a biomedicine version of the World Economic Forum.
The district has incorporated 21 national industrial bases and parks for electronic information and new materials, four strategic emerging industrial bases in Guangdong, including ones for flat panel display manufacturing and bio-industry, and six municipal-level strategically technological emerging industries bases for e-commerce and intelligent equipment. It has generated three 10 trillion yuan-level industrial clusters for electronics, automobiles and chemicals, four 50 billion yuan-level industrial clusters for new materials, foods and beverages, metal manufacturing and bio-health, while also developing six innovative industrial clusters for new information technology, intelligent devices and flat panel display, new materials, biomedicine and e-commerce. The district, dedicated to the common growth of the three leading industries of IAB, has set up a 10-billion-yuan innovation park industrial investment fund and an IAB professional incubator and accelerator cluster. For instance, it has put a lot of effort into a new generation information technology industry by introducing a production line project for LG's 8.5-Gen OLED with a total investment of 46 billion yuan. It has also welcomed the Stanford (Guangzhou) International Research Institute, put CanSemi's chip project in place, and built the Guangzhou blockchain and other industrial associations, thus ending Guangzhou's chip-deficient history. In terms of artificial intelligence, high-end projects such as the Gaoyun Semiconductor and Jingchi Unmanned Vehicle were introduced to build a number of core platforms of the industrial Internet such as Alibaba Cloud, CASI Cloud and the China Academy of Information and Communications Technology, to intensify enterprise intelligent transformation. As for biomedicine, the district includes industry leaders such as GE, BeiGene and the TSRI (Scripps Research Institute), and has cooperated with the Cold Spring Harbor Laboratory which is the birthplace of eight Nobel Prize winners. It has built a research institute and a transfer center for SciTech achievements to generate a complete industrial ecological chain of industry, university and research.
Policies and regulations
Seizing each growth opportunity, the district has been strengthening its policy integration and innovation and number of institutions. In February 2017, it launched Four 10-Article Golden Policies centered on advanced manufacturing, the modern service industry, headquarters economy and high-tech industries. In May of the same year, Two 10-Article Gem Policies of talents and intellectual property rights followed. The district thereby became the first to use policies to reduce costs and increase efficiency for enterprises, support the real economy growth, and facilitate new businesses and investment. What continued to follow were revolutionary policies about strategic emerging industries, including IAB, business environment reform and innovation, cultural creativity, blockchains, and others. Such gold-gem integrated policies ensure a solid institutional guarantee for Investment 4.0.