Guangzhou fo­cuses on in­no­va­tion Pro­vin­cial cap­i­tal de­vel­ops plans to at­tract high-tech com­pa­nies

China Daily (USA) - - CHINA - By QIUQUANLIN in Guangzhou qiuquanlin@ chi­nadaily.com.cn

Guangzhou, cap­i­tal of Guang­dong prov­ince, will push for­ward de­vel­op­ment of a na­tional in­no­va­tion cen­ter within the next five years by in­tro­duc­ing more high­tech and in­no­va­tive busi­nesses, ac­cord­ing to the city’s newly elected mayor.

“We will de­velop more new high-tech and in­no­va­tive busi­nesses in the years ahead as self-de­pen­dent in­no­va­tion plays an in­creas­ing role in eco­nomic trans­for­ma­tion and in­dus­trial up­grad­ing,” said Wen Guo­hui, 53, who was elected mayor of Guangzhou af­ter the con­clu­sion of the Guangzhou peo­ple’s congress on Tues­day.

Ac­cord­ing toWen, the city will de­velop 8,000 newhigh­tech com­pa­nies and 200,000 in­no­va­tive en­ter­prises for science and tech­nol­ogy by 2020.

“We will in­crease in­vest­ment in in­no­va­tion and bet­ter pro­tect in­tel­lec­tual prop­er­ties, cre­at­ing a healthy en­vi­ron­ment for in­no­va­tion and high-tech busi­nesses,” Wen said.

Ac­cord­ing to a de­vel­op­ment plan for build­ing a na­tional self-de­pen­dent in­no­va­tion demon­stra­tion zone, Guangzhou’s in­vest­ment in tech­nol­ogy re­search and de­vel­op­ment will ac­count for 3 per­cent of its GDP in 2020.

Guangzhou, along with Zhuhai, Foshan, Huizhou, Dong­guan, Zhong­shan, Jiang­men and Zhao­qing in the Pearl River Delta, were ap­proved as an in­te­grated na­tional self-de­pen­dent in­no­va­tion demon­stra­tion zone in 2015.

Due to in­creased in­vest­ment in tech­nol­ogy re­search and de­vel­op­ment, the num­ber of high-tech com­pa­nies in the pro­vin­cial cap­i­tal in­creased from 1,253 in 2011 to more than 4,700 in 2016, ac­cord­ing toWen.

Li Ying, deputy di­rec­tor of the In­sti­tute of Dig­i­tal Guang­dong, said in­creased in­vest­ment in tech­nol­ogy re­search and de­vel­op­ment would help con­sol­i­date Guangzhou’s po­si­tion as one of China’s first-tier cities in terms of eco­nomic strength.

“The city needs to de­velop a num­ber of large in­no­va­tive and high-tech busi­nesses, like Ten­cent Inc in Shen­zhen, driv­ing a de­vel­op­ment force for in­dus­trial up­grad­ing,” Li said.

Ac­cord­ing to a list of China’s best in­no­va­tive cities, which was re­leased by Yi­cai Me­dia Group on Mon­day, Guangzhou was one of the top cities for in­no­va­tive busi­nesses, fol­low­ing Bei­jing, Shen­zhen and Shang­hai.

A num­ber of big high-tech play­ers such as Cisco Sys­tems, Gen­eral Elec­tric and Foxconn Tech­nol­ogy Group signed agree­ments to build in­no­va­tive busi­nesses in Guangzhou last year, ac­cord­ing toWen.

Guangzhou’s econ­omy grew from 1.24 tril­lion yuan ($179.1 bil­lion) in 2011 to 1.95 tril­lionyuanin2016, anaver­age year-on-year in­crease of 9.4 per­cent, ac­cord­ing to a gov­ern­ment work re­port.

The lo­cal­go­v­ern­ment’s tar­get for eco­nomic growth in 2017 is­about8per­cent, witha fo­cus on in­creas­ing qual­ity and ef­fi­ciency of eco­nomic and in­dus­trial de­vel­op­ment, ac­cord­ing to the re­port.

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