GUANGDONG: Guangdong province in South China is sparing no effort to build a new high-level open economic system and comprehensively enhance its position in the global industrial, supply and value chains, a senior official said.
As per a report from China Daily, the province is focused on becoming a global hub for attracting high-end elements and allocating resources. Zhang Jingsong, director of the Guangdong Provincial Department of Commerce, stated that this initiative aims to enhance the province’s path towards modernization and expand the development opportunities for Chinese individuals.
Zhang delivered the aforementioned statements during a press briefing held in Guangzhou on Friday. He articulated that Guangdong, with a significant dependence on its foreign-oriented economic model for sustained progress, intends to intensify its initiatives in bolstering foreign trade and outsourcing. Furthermore, it aims to redouble its endeavors in attracting offshore investments, foreign expertise, and enterprises
with advanced technological capabilities. These measures are envisioned to catalyze the province’s trajectory towards high-caliber development and an elevated standard of engagement with the global community in the foreseeable future.
Zhang further said the province, being an economic powerhouse in the country, will further expand and optimize the structure and scale of its foreign trade, with top priority given to the task of building a number of export industrial clusters. The planned clusters will be for fields like electronic information, modern light industry, textiles, smart home appliances and new energy storage.
Guangdong will increase its efforts to attract foreign investment and intelligent businesses in the following months, said Zhang.
Yang Hongshan, deputy director of the provincial department of human resources and social security, said the department has continuously been improving the talent service guarantee system, fostering international talent communities and international talent servic
e centers. These will provide high-level services to talent from home and abroad, enhancing a sense of belonging among talented professionals, thus creating a highland for attracting talent.
Source: Emirates News Agency