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Guangzhou signs investment agreements valued RMB379.9 Bln with 20 state-owned enterprises

Guangzhou signs investment agreements valued RMB379.9 Bln with 20 state-owned enterprises

Write: Averil [2011-05-20]

On March 14, Strategic Cooperation Forum between Guangdong and State-owned Enterprises and Signing Ceremony was held in Diaoyutai State Guesthouse in Beijing. Wan Qingliang, Mayor of Guangzhou, signed investment agreements totaled 379.9 billion yuan with 20 state-owned enterprises on 20 projects.

Wan Qingliang said on the forum that Guangzhou will adhere to the decisions and arrangements made by the CPC Guangdong Provincial Committee and the Guangdong provincial government, focus on the objectives of building a national central city, an international commercial and trade center and an international city of culture, accelerate the construction of modern industrial mechanism integrating the development of modern service industries, advanced manufacturing industries and rising industries of strategic importance, take the lead to promote industrial transformation and upgrading and construct "happy Guangzhou".

Constant efforts will be made to achieve the following "three key breakthroughs":

Breakthrough in strategic infrastructures construction: Focus on the construction of international air-sea-ground transportation network, major information network and energy security facilities to improve Guangzhou's supporting force and capacity.

Breakthrough in key industries of strategic importance: focus the development of finance and insurance, trade and exhibitions, modern logistics, cultural and creative industries, IT, automobiles, petrochemicals, large-scale equipments, bio technologies and new materials to enhance industrial competitiveness and sustainability.

Breakthrough in construction of platforms for development of strategic importance: Concentrate on the Nansha New District, Sino-Singapore Knowledge City, three Development Districts of national level, Smart City in Tianhe and Baiyun Airport Economic Zone to create new driving force for economic growth.

(Translated by Guangzhou Association of Foreign Affairs Translators)