Page 12 - The South China Business Journal

C OVER STORY
Why Invest in Huangpu ODavid Perdue was o昀케cially sworn
n May 7, 2025, former U.S. Senator
in as the United States Ambassador to
the People’s Republic of China, following
his con昀椀rmation by the U.S. Senate. The
District, Guangzhou: swearing-in ceremony took place at the
White House and was presided over by
President Donald Trump. Below is an
excerpt from the ceremony transcript,
A Premier Global Business highlighting key
remarks made during the
event.
and Lifestyle Hub
By Dr.Harley Seyedin, President and Chairman of AmCham South China
9 AMCHAM SOUTH CHINA
HUANGPU
uangpu District, home to the Guangzhou
HDevelopment District (GDD), stands as one of
China's most dynamic investment destinations,
combining cutting-edge innovation, Fortune 500
corporate hubs, transparent governance, and
exceptional livability. With over 200 Fortune 500
companies operating within GDD alone, Huangpu
offers unparalleled opportunities for businesses,
investors, and families alike.
01 Fortune 500 Powerhouse: Global
Corporations Choose Huangpu
The Guangzhou Development District (GDD) serves
as the crown jewel of Huangpu's economy, hosting:
390+
multinational corporations
200+
Fortune 500 enterprises with regional HQs, R&D
centers, and manufacturing bases
Major Fortune 500 Companies in GDD Include:
• Amway – Global health & wellness leader
with its China headquarters in Huangpu;
• P&G (Procter & Gamble) – Operates one of its
largest global R&D centers in GDD;
• LG Display – Advanced OLED technology
manufacturing hub;
• Honda – Automotive innovation and
production base;
• Bayer & BASF – Pharmaceutical and chemical
industry giants;
• 3M & Hitachi – Materials science and industrial
technology leaders;
These corporations bene昀椀t from GDD's preferential
policies, including:
• 15% corporate tax rate for high-tech enterprises
(vs standard 25%);
• R&D subsidies up to 50 million RMB for key projects;
• Streamlined approvals through GDD's one-stop
business service center;
SOUTH CHINA BUSINESS JOURNAL 10