Top tier cities may turn into global metropolises
Print Edition
CHINA’S top tier cities may elevate themselves from regional centers to future global metropolises, with advantages in sectors such as smart cities and artificial intelligence.
International investors from global giants like Boeing, Merck and Siemens shared this view at the Annual Investment Conference in Guangzhou on Wednesday.
The conference is a major event aimed at promoting the city to potential investors and listening to their comments on its business environment. Over 1,800 enterprises from around the world attended the conference.
Many investors stated that China is now more than just a large market for them.
This year China is celebrating the 40th anniversary of its reform and opening-up.
Merck, a world leading company in health care, life science and performance materials, has been operating in China for over 80 years. As well as its existing research and development centers and labs in Beijing and Shanghai, the company set up a new China Innovation Center in Shanghai in February.
“The opening-up of China has made a great difference to our business and it allowed us to advance business sectors in liquid crystal and pigments,” said Allan Gabor, managing director of Merck China.
Similarly, John Bruns, vice president of Boeing International, said China is now “a source of innovation” from the company’s perspective.
Boeing will soon open its first finishing and delivering center for 737 planes outside the United States in east China near Shanghai, and recently signed an agreement with China Southern Airlines to initiate a 737 converted freight project in Guangzhou, and to include a local maintenance company in its 787 global care program.
Beijing, Shanghai, Guangzhou and Shenzhen, and the Greater Bay Area of Guangdong, Hong Kong and Macau, are becoming the key players in investors’ global strategies.
Guangzhou is focusing on the new generation of information technology, artificial intelligence, bio-pharmaceuticals, as well as new energy and new materials.
The output of its new generation Internet technology and panel display industries have both exceeded 100 billion yuan (US$15.9 billion). It is also ambitious in becoming a smart city, by teaming up with global giants like Cisco and Siemens.
Three months ago, SHV Energy, the world’s largest distributor of LPG energy solutions, signed an memorandum of understanding with Guangdong Province, to build a LPG terminal in the city’s Nansha District.
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