Update:2020-09-02 Source: chinadaily.com.cn
Guangzhou has been devoting efforts to developing its new economy to reshape its future development pattern in response to the outbreak of the novel coronavirus (COVID-19) and the complex economic situation.
Guangzhou has continued to be committed to opening up. By early August, it has opened four new international China-Europe freight train routes. The China-Europe freight trains have sent off 2,870 20-foot equivalent units (TEUs), up 44.08 percent year-on-year in the first half of 2020, with the cargo transported weighing 14,442 metric tons, increasing by 63.43 percent.
The trade between Guangzhou and ASEAN countries has seen prosperous development since 2020 as the import and export volume between the two sides grew by 21.7 percent to 68.4 billion yuan ($10.03 billion) in the first half of 2020.
The city has also seen a full recovery of the exhibition industry following the disruption caused by the COVID-19 epidemic earlier in the year. Luo Zheng, an official from the Guangzhou municipal commerce bureau, said that the exhibition halls in Guangzhou's Pazhou area have undertaken more than 50 exhibitions from early July to Aug 25, attracting nearly 1 million exhibitors and visitors.
Guangzhou's total retail sales of consumer goods have seen sequential growth for three consecutive months since April.
Apart from developing its three traditional pillar industries, namely automobiles, petrochemicals, and electronic information manufacturing, Guangzhou has been focusing on the development of the new generation of information technology, artificial intelligence, and biomedicine.
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