Free-Market Capitalism

Guangzhou Embraces Digital Transformation to Drive Economic Growth and Innovation

Guangzhou Accelerates Digital Transformation and Innovation

Guangzhou, the capital of Guangdong province, is committed to accelerating digital and intelligent innovation to upgrade its traditional industries and expand emerging sectors. This was announced by Guo Yonghang, Party secretary of the city, at the Guangzhou City High-Quality Development Conference.

Guo emphasized the city's focus on integrating advanced manufacturing and service industries while advancing their digitalization and green transformation. He highlighted Guangzhou's solid industrial base and rich scientific and educational resources as key drivers for accelerating scientific and technological development and innovation.

To achieve this, the city government will establish a collaborative technology transformation mechanism involving "scientists + entrepreneurs + investors." This mechanism aims to facilitate the market entry of research results and accelerate the transformation of scientific and educational talent resources into real productivity.

Furthermore, the city government is encouraging foreign investment in key industrial areas such as intelligent manufacturing, biomedicine, automobiles, and high-end medical care. Additionally, Guangzhou is expanding and diversifying international markets, leveraging its position as a global trade center.

Sun Zhiyang, mayor of Guangzhou, emphasized the city's commitment to fostering a favorable environment for investment and business. The city will support scientific innovation and enable entrepreneurs, scientists, and investors to thrive and grow their careers and businesses in Guangzhou.

Guangzhou's GDP reached over 3.1 trillion yuan ($425.4 billion) in 2024, demonstrating its strong economic performance. The city's focus on digital transformation and innovation is expected to further drive its economic growth and development.

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8 Comments

Avatar of Eugene Alta

Eugene Alta

The "scientists + entrepreneurs + investors" collaboration mechanism is brilliant! This will fast-track research and development into real-world applications. 💡

Avatar of Noir Black

Noir Black

Is this another example of "greenwashing"? Will the focus on green transformation be genuine, or just a marketing ploy? 🤔

Avatar of Loubianka

Loubianka

Creating a favorable environment for investment and business is crucial. This will attract top talent and fuel innovation. 🧲

Avatar of BuggaBoom

BuggaBoom

This focus on technology will only benefit the wealthy and big corporations, further widening the gap between the rich and the poor. 😡

Avatar of Eugene Alta

Eugene Alta

Encouraging foreign investment in key industries is a smart move. This will bring in fresh perspectives and boost the city's global competitiveness. 🤝

Avatar of Africa

Africa

Bravo, Guangzhou! Accelerating digital transformation and innovation is the key to future success. 👏

Avatar of Comandante

Comandante

Exciting news! This focus on integrating advanced technologies with traditional industries will take Guangzhou to the next level. 🚀

Avatar of Africa

Africa

What about those who don't have access to technology or the skills to use it? Won't they be left behind? 😥

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