Guangzhou invests heavily to turn Nansha into an opening-up gateway hub

An aerial view of Guangzhou's Nansha district. [Photo/Guangzhou Daily]

Guangzhou will invest 8 billion yuan ($1.13 billion) in subsidies for industrial parks to turn Nansha into a gateway hub of high-level opening-up in 2020, Guangzhou Daily reported on June 6.

The city will push forward the establishment of a comprehensive pilot zone for cross-border electronic commerce in Nansha and strive to expand the pilot area for market procurement trade. Nansha Bonded Port Area will be encouraged to apply to be designated as a national demonstration zone for the promotion and innovation of import trade. 

Guangzhou will accelerate the construction of major financial projects in Nansha, such as the Nansha International Financial Island and the national pilot zone for the reform of green finance. Guidance will be offered to the financial industry to provide more support for major areas like large-scale projects and strategic emerging industries. 

Nansha will gain momentum in becoming an international comprehensive transportation hub by carrying out projects like the fourth-phase construction of Nansha Port, as well as the construction of the 200,000-metric-ton shipping channels at Guangzhou Port.

Guangzhou will strive to start construction on several railway projects, including the Guangzhou section of the Guangzhou-Zhanjiang high-speed railway, the Nansha section of the Shenzhen-Maoming railway, as well as the second phase of the Guangzhou-Qingyuan intercity railway. Overall plans will also be made to extend Guangzhou's Metro Line 18 to two other cities in the province, namely Zhongshan and Zhuhai.