PR100110

GUANGZHOU, China, May 26, 2023 /Xinhua=KYODO JBN/--

"Open Guangzhou, Shared Opportunities" Further Opening up of the Service Sector

and Global Bay Areas Service Industry Cooperation Roundtable was held in

Guangzhou on May 25th. The event attracted representatives of leading

enterprises and organizations from the world's four major bay areas to discuss

opportunities for cooperation in the service sector.

At the event, "Open Guangzhou, Shared Opportunities" the promotional film for

Guangzhou, the Comprehensive Pilot Site for Opening up in Service Industry, and

Guangzhou's ten enterprise pilot cases of deepening innovation and development

of trade in services were officially released.

On December 20, 2022, Guangzhou was approved to carry out a national

comprehensive pilot project to further open up the service sector. Guangzhou

grasps the major opportunity of unfolding the comprehensive pilot project and

brings its capabilities to full play in high-quality development and

construction of a new development pattern.

Chen Yanchuan, Deputy Director-General of the Guangzhou Municipal Commerce

Bureau, introduced Guangzhou's comprehensive pilot policy of further opening up

the service sector. He mentioned that Guangzhou prioritizes the manufacturing

industry and fully promotes the integrated development of the advanced

manufacturing industry and modern service industry. Six advanced manufacturing

clusters with an output value of over 100 billion yuan, such as intelligent

connected and new energy vehicles, high-end equipment manufacturing, modern

urban consumer industry, etc., have formed in Guangzhou.

At the roundtable, guests from the world's four major bay areas had discussions

around topics such as "opportunities for cooperation and development in the

global service sector", "opportunities for opening up and cooperation in the

service sector in the Guangdong-Hong Kong-Macao Greater Bay Area", and

"practical exploration of in-depth integration of the modern service industry

and advanced manufacturing industry".

Harley Seyedin, President of the American Chamber of Commerce in South China,

believed that the comprehensive pilot project of further opening up the service

sector shows China's determination to pursue high-quality development and

openness, and it also demonstrates Guangzhou's solid industrial foundation and

its ability to combine its resources and industrial advantages with the service

sector.

FUJINO ATSUYA, vice President of Hitachi Elevator (China) Co., Ltd., said that

the integration of the advanced manufacturing industry and modern service

industry is not only an important way to keep up with the new round of

technological revolution and to achieve high-quality development but also an

accelerator to promote the transformation and upgrading of enterprises.

Pascal Lamy, former Director-General of WTO, said in his video that trade in

services is the most dynamic component of global trade. One of the factors is

the ongoing trend to more market opening as shown by the OECD services trade

restriction index which measures the degree or also to the recent WTO agreement

on domestic services regulation. Both tell us that China recorded a very

significant improvement as a result of market opening or regulation governing

foreign direct investment.

The global business community has paid attention to the Guangdong-Hong

Kong-Macao Greater Bay Area. Guangzhou, the city of openness, has a closer

connection with the world.

Tan Ping, Vice Mayor of Guangzhou, said in her speech that Guangzhou will seize

the opportunities, bring its advantages to full play, and set a good example on

the new journey, so as to relieve the difficulties of development, converge the

forces of cooperation, gather the momentum of innovation, and seek shared

achievements by opening up. Guangzhou will continue to play the role of a

leader in terms of high-quality development.

Source: Guangzhou Municipal Commerce Bureau