Nansha Offers Glimpse of GBA's Commitment to Quality Development
PR96732
GUANGZHOU, China, June 27, 2022 /Xinhua=KYODO JBN/--
At the heart of southern China's Guangdong-Hong Kong-Macao Greater Bay Area
(GBA) is Nansha, which also stands next to the two special administrative
regions (SARs). A recently released Master Plan of Guangzhou Nansha on
Deepening Comprehensive Cooperation between Guangdong, Hong Kong and Macao with
Global Perspective was briefed at a press conference held by China's State
Council Information Office on June 24.
Nansha has favorable geographical conditions, with broad development space and
solid industrial foundation. Under the strong desire for cooperation and
development, Nansha enjoys unique advantages in promoting all-round cooperation
among Guangdong, Hong Kong and Macao, said Guo Lanfeng, a member of the Leading
Party Members Group of the National Development and Reform Commission of China.
Among China's most open regions, the economically dynamic GBA epitomizes how
the country aligns its open economic system with the world on its path to a
higher level of global monetary cooperation, driving greater GBA-led
coordination among Guangdong, Hong Kong and Macao are Nansha, Qianhai in
Shenzhen, and Hengqin in Zhuhai. The ambitious plan for Nansha marked another
significant milestone in building the GBA with high quality. The district comes
under the spotlight again after decades of development, according to Nansha
District People's Government of Guangzhou City.
The plan stressed a need for Nansha to step up the building of industrial
cooperation bases for sci-tech innovation, according to the press conference.
Beyond that, the district was required to bolster Guangdong-Hong Kong-Macao
joint efforts for sci-tech innovation through the launch of major platforms for
this purpose and to grow the high-tech industry by drawing high-caliber
personnel with a global perspective. Moreover, the plan stated that to make
Nansha a magnet for firms and talent in high technology, the Startup Zone-based
enterprises in the industries encouraged by the state will be entitled to the
corporate income tax at the reduced rate of 15%, and the individual income of
Hong Kong and Macao citizens working in Nansha will be exempt from tax
increases. Furthermore, Nansha unveiled a swathe of measures for promoting the
development of the semiconductor and integrated circuit industries. As such,
the pilot free trade area will offer support on nine fronts, ranging from
launching major projects and financing businesses to moving up the integrated
circuit industrial chain and subsidizing the uses of electricity in production
to encouraging automotive-grade standards among companies.
Nansha is now home to over 400 artificial intelligence (AI) companies as it
connects the Guangzhou-Shenzhen-Hong Kong Science and Technology Innovation
Corridor to its counterpart linking Zhuhai with Macao.
"The main reason we started a business in Nansha is that the district has
created enough synergy among industries, universities, and research institutes
for AI growth," said Cao Tiantian, co-founder of DeepMirror, a
spatial-intelligence developer.
Over the recent years, a wealth of outstanding research institutes and advanced
large-scale scientific facilities have grown in Nansha, aiming to spur growth
in basic science and cutting-edge technology, among others. These newcomers
will benefit from the strengths of the innovation and technology base in
Qingsheng and the 99-square-kilometer Nansha Science City, which remains under
construction. "With its recent momentum in sci-tech innovation, Nansha starts
demonstrating strength as a late starter," noted Fu Zhengping, director of the
Institute of Free Trade Zones, Sun Yat-sen University.
A magnet of top global tech companies, Silicon Valley, enjoys much more
significant influence than the San Francisco Bay Area. Global cities aspire to
become its strongest rival. In Nansha, the uplifting silver lining is that
youth from across the world find it an ideal place to promote innovation and
entrepreneurship.
Founded in 2017, TIMETABLE, a Nansha-based business incubator for youth from
the GBA, has helped more than 40 Hong Kong and Macao startups innovate and
develop. It is designed to offer incubation services to grow fields such as
digital technology and entertainment and new types of consumption and retail.
"For those aspiring to start a business, an opportune time and an enabling
climate can't be more important," said TIMETABLE's founder Wu Jiahui, "the
technology-forward GBA provides tremendous market opportunities and sees an
unfettered flow of production factors beyond a full range of supporting
entrepreneurial services and an unmatched business environment that Nansha has
to offer. All this makes the district a good choice for Hong Kong and Macao
entrepreneurs."
Besides development opportunities, a modernized urban environment also holds
the key to retaining talent. As an integral component of a city's "soft power",
the smart city campaign puts the GBA on a faster growth track. And Nansha is
showing its bright side as people's livelihoods are being empowered by
innovative technologies, ranging from big data to cloud computing.
According to a leader for Nansha's smart city program, the district is moving
toward a more caring and intelligent destination. That means it will lay the
solid groundwork for the perception of universal urban data and build a hub for
all smart operations. In so doing, an inclusive system designed to make
education, healthcare, and elderly care services more tech-driven and
accessible is set to be in place, and services to Hong Kong and Macao citizens,
as well as professionals from the rest of the world, will be further modernized.
Source: Nansha District People's Government of Guangzhou City
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