Page 88 - AmCham South China 2026 Special Report on the State of Business in South China
P. 88

?    The role of the highland  of institutional    Nansha is an administrative district of
           innovation will become more prominent, with        Guangzhou, located at the city¡¯s southern tip and
           the level of investment and trade liberalization   the  center of the Pearl River estuary, adjoining
           and  facilitation  reaching  international  first-class   Dongguan to the east and Zhongshan to the
           standards  and  a  multi-level,  all-round  financial   west. In 2015, an area of 60 km  in Nansha was
                                                                                             2
           service system being formed.                       incorporated  into  the  China  (Guangdong)  Pilot
                                                              Free  Trade  Zone,  becoming  one  of  its  three
             ?    Further  optimization  of  the  business    subzones (alongside Qianhai Shekou Area and
           environment and promotion of a fair and open       Hengqin New Area).
           market.  Government  management  and  service
           capabilities will be further improved, and the GDFTZ   After  a  slight  decline  in  2024,  Nansha¡¯s  GDP
           will  aim  to  take  a  leading  position  in  the  World   rebounded with a robust growth of 4.5% in H1
           Bank business environment index evaluation.        2025, reaching RMB106.9 billion. Amid rising
                                                              uncertainties in global trade, offshore and digital
             ?    Build a high-quality  development  engine   trade have become critical tools for lowering costs
           with strong capacity for global resource allocation,   and boosting competitiveness, aligning with the
           innovation and collaboration.                      broader Belt and Road strategy. Total goods trade
                                                              in the region increased 17.5% YoY to RMB147.9
             ?    Form a  new  development model that         billion in H1 2025.
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           enables  Guangdong,  Hong  Kong  and  Macau  to
           enhance synergies in economy, governance and         As one of the most open areas in the GBA,
           market factors. Direct investment from Hong        Nansha has introduced several exploratory and
           Kong  and  Macau  will  reach  about  US$35  billion,   innovative  policies,  including  delineating  low-
           and the total number of registered Hong Kong-      altitude airspace and air routes, enabling intelligent
           and Macau-invested enterprises will reach 30,000.   connected vehicle operations, commercializing
                                                              marine  scientific  and  technological  innovations,
             ?    Basically construct a platform for in-depth   and  developing  green  finance,  pharmaceuticals
           cooperation among Guangdong, Hong Kong             and medical devices. Nansha has also established
           and Macau, creating new space for industrial       a  robust  industrial  system  anchored  by  clusters
           development  and  a  highland  for  innovation  and   in heavy equipment, shipbuilding and marine
           entrepreneurship for Hong Kong and Macau.          engineering.  Advanced    manufacturing   now
                                                              contributes over 70% of the value-added output
             In  April  2025,  the  Guangdong  government     of large-scale industries in the area. To attract
           issued the ¡°Opinions on Implementing the Free      more global investment and talent, Nansha
           Trade  Pilot  Zone  Enhancement  Strategy¡± ,       launched a new supporting policy system offering
                                                       25
           emphasizing the importance of advancing high-      competitive measures in areas such as futures,
           level opening up and high-quality development      climate investment and financing.
           of the GDFTZ. The document outlines a series of
           regulatory easing and enhancements, including        In June 2022, the Overall Plan for Guangzhou
           optimizing  trade  flows,  improving  investment   Nansha to Deepen Guangdong-Hong Kong-
           facilitation and fostering innovative ecosystems   Macau Comprehensive Cooperation (¡°Nansha
           amid intensifying global competition and shifting   Plan¡±)  was released with a global perspective,
                                                                    27
           supply chains. Qualified zones will be supported   setting  out  an  ambitious  blueprint  to  consolidate
           in pursuing integrated innovation across key       Hong Kong, Macau and mainland cities into the GBA.
           sectors such as biomedicine, advanced equipment
           manufacturing and the marine economy.                Five key development directions in the Nansha
                                                              Plan:
             Nansha area of Guangzhou
                                                              26  Government of Guangzhou, https://www.gz.gov.cn/
                                                              xw/zwlb/gqdt/nsq/content/mpost_10387547.html
           25  Government of Guangdong, https://www.gov.cn/   27  The State Council, http://www.gov.cn/zhengce/
           yaowen/liebiao/202504/content_7020177.htm          zhengceku/2022-06/14/content_5695623.htm


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