Guangzhou Development Zone Marks 40 Years of Growth and Opens New Frontiers

GUANGZHOU, CHINA - The Guangzhou Development Zone celebrates its 40th anniversary, highlighting its significant industrial advancements and future ambitions. The updated Regulations of the Guangzhou Economic and Technological Development Zone became effective from November 1, 2024, marking a new era of development and openness.

Over four decades, the zone has built three major industrial clusters worth over 10 billion yuan, focusing on high-end equipment, biotechnology, and integrated circuits. Additionally, five clusters, each surpassing 100 billion yuan, thrive in sectors like automobiles and green energy. The zone is also pioneering the low-altitude economy and artificial intelligence, aiming for a trillion-yuan market.

Foreign investment remains a cornerstone, with the zone achieving over 3 billion US dollars in 2023 alone, representing 44.4% of Guangzhou's total. Strategies of "bringing in" and "going global" remain central, expanding its global outreach.