The Guangzhou Development District was rated second among the top 10 industrial parks for investment attractiveness in 2020, according to the recent Report on Investment Attractiveness Index of Chinese Cities.
The report was released by the National Image Research Center of Tsinghua University and other institutions. It assessed investment attractiveness based on location advantages, economic strengths, human resources, livelihoods, business environments and levels of internationalization.
The GDD has the highest score among the top 10 industrial parks in internationalization. The district has been active in deepening its cooperation with Singapore, Germany, Saudi Arabia, Israel and Ukraine, while at the same time encouraging local enterprises to set up overseas production bases and R&D institutions.
For instance, the Guangzhou Sino-Israel Bio Industry Incubation Center was launched on Guangzhou International Bio Island in 2017. To date, it has proposed cooperation with nearly 200 domestic and overseas projects, and attracted the settlement of 20 innovative enterprises.
The Sino-Israel Bio Industry Incubation Center on Guangzhou International Bio Island has to date proposed cooperation with nearly 200 domestic and overseas projects, and attracted the settlement of 20 innovative enterprises.
Meanwhile, the GDD Offshore Innovation Center in Heidelberg has also been devoted to promoting project attraction and cooperation, achievement transformation, and incubation with Germany in the information technology, artificial intelligence and biomedicine sectors.
The GDD has been ranked first among national economic zones by business environment indexes for two consecutive years. It launched its 4.0 reform earlier this year to foster a "Huangpu Smile" business brand, with "Smile" standing for systematization, marketization, internationalization, legalization and efficient facilitation.