On Aug 10, Guangzhou launched its "Action Plan for Building a World-Class Benchmarking Business Environment to Boost High-Quality Industrial Development," also known as the Business Environment 6.0 Reform Plan.
Guangzhou's Huangpu district recently held a press conference to announce the release of an action plan that emphasizes high-quality industrial development in order to create a first-class business environment.
The Credit Service Center for Small and Medium-sized Enterprises (SMEs) in the Guangdong-Hong Kong-Macao Greater Bay Area was recently established in Huangpu district.
More than 50 representatives of outstanding enterprises, new R&D, investment, and financing, as well as service institutions, shared stories about the development history of their organizations.
The investment promotion division of the district shall take the lead in organizing the implementation of the measures, coordinate, guide, and manage investment promotion organizations, and reward qualified organizations of such kind following the measures.
A new plan for business environment reform was released by Guangzhou's Huangpu district at a news conference on June 1, marking the fifth time that the district has renewed its measures to improve its business environment since 2018.
China has released a guideline to accelerate the establishment of a unified domestic market amid efforts to build a high-standard market system and promote high-quality development.
Companies from around the world are still taking a strong interest in investing in China this year, despite the country's economic slowdown caused by the COVID-19 pandemic.
China downsized negative lists for foreign investment for five consecutive years to expand high-level opening-up and facilitate high-quality economic development.
The recently released Industrial Map of Guangzhou lists 564 industrial land lots for development over the next three to five years, of which 54 are in Huangpu district.