Guangzhou’s science and technology innovation environment

In the first half of this year, Guangzhou, capital of Guangdong province reported GDP of 989 billion yuan ($150 billion), an increase of 7.9 percent year-on-year. Fixed assets investment increased by 8.6 percent, with investment in infrastructure increasing 11.9 percent.

The city’s IAB industries scale reached 470 billion yuan in 2016 and is set to reach 1 trillion yuan by 2020.

Guangzhou has 79 higher education institutions and 140,000 science and technology-oriented companies, nurturing 11,000 companies via various incubators and makerspaces. Every day, 386 newly registered companies appear in the city, of which five are foreign companies. The city has 3.03 million highly educated people.

Guangzhou has 212 incubators and 139 makerspaces, with a total space of 8.6 million square meters.

From January to July this year, the total trade value between Guangzhou and the Unites States reached 69.9 billion yuan, up 21.3 percent year-on-year. That includes exports of 48.3 billion yuan to the US, up 22.5 percent, and imports of 21.7 billion yuan from the US, up 18.7 percent.

From January to July, Guangzhou companies invested in setting up 11 companies and institutions in the US, with $39.3 million worth of investments contracted from the Chinese side. From January to the end of July 2017, the Guangzhou government had invested in setting up 153 companies and institutions in the US, with $520 million worth of investments contracted from the Chinese side.