2016-December-28 Source: Newsgd.com
“To be honest, I was quite worried at first as I knew investment procedures could be tricky in Chinese mainland. But now I feel exited,”said Chen Zhiqang, the CEO of Jin Yuan Global and the very first Macau investor who started his business in the Hengqin Free Trade Zoon.
Chen invested 300 million yuan in an international plaza project, and planned to sell products imported from Portuguese and French-speaking countries.
“It just took me 3 months to finish all the preparation and procedures,” said Chen, “the Free Trade Zone is like the 2.0 of China’s reform and opening-up. Our project enjoys various advantageous policies on foreign trading and custom duties. And I feel excited when I see more large-scale projects are clustering here.”
As policies and measures in the Free Trade Zoon are being introduced to other cities like Dongguang and Foshan, the investment environment in Guangdong is rapidly improved.
According to a ranking recently released by the 21st Century Economic Institute, Guangdong’s investment environment is ranked first in China 2016, following by Jiangsu, Shandong, Zhejiang and Fujian.
Based on the data of the World Bank, the ranking looks into 6 indicators including soft environment, market conditions, business cost, infrastructure, ecological environment and social service environment. It shows Guangdong not only owns the country’s best market conditions and soft environment, but also the top 10 infrastructure and ecological environment.
The economy in China is slowing down as investment in traditional industries is saturated and the ROI in the emerging sectors is still unclear. However, the growth of private investment in Guangdong reaches 19.5% this year, much higher than the national average of 3.1%.
The growth benefits from Guangdong’s efforts to develop emerging industries in recent years. According to the official data, the value added of the emerging industries in Shenzhen increased 12.1% in the first half of 2016 while the value added of high-tech industries and emerging industries respectively increased 10.1% and 12.5% in Guangzhou.
As for the soft environment, shortest time is needed to set up a company in Guangdong and various advantageous policies are enacted here to boost domestic and foreign investment. Among them, the “negative list” firstly exercised in the Free Trade Zoon is proved to be one of the most successful.
Regulating forbidden investment projects instead of opposite, the list gives more possibilities to investors and increases the transparency of administrative procedures. The number of foreign invested enterprises in the Free Trade Zoon increased 287% in 2015 since the list was enacted and 101.4% in 2016, exceeding 6000 by October.
“We might set a branch in the Free Trade Zoon in Guangdong or Shanghai,” said Hu Guohai, the manager of Shimono which is a Malaysian household appliance company, “we prefer Guangdong because it’s closer to Southeast Asia and owns convenient transportation systems. Besides, we also desire its renowned manufacturing industries and its reputation as the pilot of China’s reform and opening-up.”
Last, let’s take a glimpse to the projects recently finished in the Hengqin Free Trade Zoon, the district titled as the best investment environment in China:
The InnoValley Hengqin
Huarong Financial Center
Xiangzhou culture and tourism project
3# cold station of the Hengqin cold supply system
Hengqin coastal wetland Park
(By Jasmine)
Editor: Chan
No comments:
Post a Comment