Nansha: magnetic business environment

Guangzhou’s Nansha economic development zone has attracted significant outside investment, according to a report released on Aug 2 by 21st Century Business Herald.

The report provides a business environment index of all of the country’s economic development zones.

The business environment index was measured and calculated in a way that the soft environment scores account for 30 percent, infrastructure 10 percent, ecological environment 10 percent, business cost 20 percent, social service 10 percent, and capacity of the market 20 percent, a process supported by JD Digits, a Chinese digital technology company.

The results show that the number of Nansha’s enterprises ranked first among those of all economic development zones in the country in 2018, with a growth rate in second place.

This year, the number of local enterprises kept up robust growth due to new policies of the Guangdong-Hong Kong- Macao Greater Bay Area.

In the first half of 2019, 362 new Hong Kong and Macao enterprises were located in Nansha district, a growth of 9.7 percent year on year. A total of 3,244 have moved to the district since the local free trade zone was established four years ago.

The investment in the district rose by 25.6 percent year on year, and foreign investment in actual use jumped by a remarkable 98.6 percent.