5 Reasons Why Expats Enjoy Doing Business In GZ!

It seems like that the global economy has been trapped into a slump, but look back to the previous year, China was still one of the fastest growing economies in the world. According to General Administration of Customs, foreign trade has been enlarging thanks to the policies on investment and trade.

Talking about doing business and investment here in China, Guangzhou might be the first choice. Why? HACOS gives you five reasons!

So far, the number of foreign-funded enterprises and the volume of investment in Guangdong ranks No.1 among Chinese cities.

Guangdong government will enlarge foreign investments and cooperation with more than a hundred countries or regions in the world. Therefore, Guangzhou, as the major city of Guangdong, being one of the most dynamic economies in China, has a good investment climate.

An improved industrial system as well as advanced productivity provides an international trading environment for foreign merchants in Guangdong.

Ever since the accelerated development of global value chains specialization, Guangdong modern industrial system has become more competitive. 

Compared with traditional one, the modern industry combines openness and cooperation with innovations. This kind of intelligentized and high-quality industry is still under development.

Guangdong is located in the southernmost of Chinese mainland, facing South China Sea and adjoining HK and Macau.

After signing the cooperation framework among cities with stronger competitiveness including Guangdong, HK and Macau, a “Greater Pearl River Delta”comes into being.

Nowadays, efforts are made to the constructions of major cooperation platforms including Guangzhou Nansha, Shenzhen Qianhai, Zhuhai Hengqin, Sino-Singapore Guangzhou Knowledge City, Dongguan Taiwan Hi-tech Park and Foshan Sino-Germany industrial Service Zone, providing various platforms for widespread foreign investors.

Beginning in 1957, “China Import and Export Fair” (Canton Trade Fair) has the largest scale, various products and most merchants with longest history among other international trading fairs.

The Fair is held in Guangzhou in spring and autumn respectively. Because of widespread participating enterprises, it attracts numerous foreign merchants every year.

In addition, China High-Tech Expo and China International Small And Medium Enterprises Fair are both well known around the world.

Knowing as “The Capital of The Third World”, Guangzhou is one of the famous cities that attracts so many foreigners. It is estimated that more than 100 thousand residents come from Africa live along with “Xiaobei -- Dengfeng -- Huangshidong Road” in Guangzhou (according to data from Exit & Entry Administration Department).

They do business in China, promoting prosperity of foreign trade between China and other countries. Moreover, Guangdong Chamber of Commerce Union is established by foreigners. In the Chamber, they help and communicate with each other.

At the beginning of this year, President Xi remarked that Chinese economy had entered what we call a new normal, and the economic fundamental sustaining sound development remained unchanged.

Guangzhou, as the gateway to southern China, will attract more and more foreign merchants and investments with its unique charm in economy.