Brief Introduction to 2002 Business Fair for Guangdong- Hong Kong Economic, Technology and Trade Cooperation

Guangdong Province is the largest province in South China. It has a land area of 178,000 square kilometers and the population is 86.42 million. Beside the South China sea and being adjacent to Hong Kong and Macao, Guangdong has convenient transportation. It is one of the most vigorous province in China. In 2001 the GDP of Guangdong reached RMB 1,055.65 billion, increased by 9.5% over the previous year, accounting for over one tenth of the national total.
Guangdong took the lead in reform and opening to the outside world. Approved by the Central Government, Guangdong has set up 3 special economic zones, 4 economic and technological development zones, 6 new and hi-tech development zones, 6 free trade zones and 2 export processing zones. Another 57 development zones have been approved to set up by the provincial government. An all-dimensional, multi-level and wide-range opening pattern has been formed in Guangdong. At present Guangdong has established trade relations with almost 190 countries and regions in the world. In 2001 its total import and export trade value reached USD 176.49 billion, increased by 3.8% over the previous year, among which the export value was USD 95.42 billion, increased by 3.8%, taking 35.9% of China's total and ranking first in China for the 16 consecutive year. By the end of 2001 over 100 countries and regions had made their investments in Guangdong, setting up nearly 90,000 foreign-invested enterprises and more than 30,000 processing industries. The accumulated actual use of foreign capital had been USD 141 billion. Foreign investments have covered most industries of the national economy, and most investors have got sound returns. Guangdong has become an ideal place for foreign investors.
While implementing wide economic and trade cooperation with the rest of the world, Guangdong also strives to further create a fine investment environment, provide rapid, efficient and proper service for the foreign business people, and protect the legal rights of them. Guangdong has become one of the provinces in China with the most vigorous market economy, most developed foreign trade and economic cooperation, most complete investment environment, strongest scientific and technological power, regulated government operation with high efficiency, fine labor quality and biggest market potentials. It has become an ideal place for world investors and a good trading partner.
With China's accession of WTO, Guangdong will further implement its strategy of export leading, grasp the opportunities and face the challengers. We will further strengthen the economic and trade cooperation between Guangdong and Hong Kong, complement each other's advantages, sharpen the international competitiveness edge and strive to create the mutual prosperity of both Guangdong and Hong Kong.
The 2002 Business Fair for Guangdong-Hong Kong Economic, Technology and Trade Cooperation, sponsored by the People's Government of Guangdong Province, will be held at Hong Kong Convention and Exhibition Center on May 13. The Guangdong Delegation of this Business Fair will headed by Mr. Tang bingquan, Vice Governor of Guangdong Province, and will be formed by teams from the municipalities. The time and main contents are as follows:
I. The 2002 Business Fair for Guangdong-Hong Kong Economic, Technology and Trade Cooperation will be held from 10:00 till 11:40 a.m. on May 13, and its main contents include:
1) Main speech by the provincial leader on the economic development of Guangdong, the advantages of Guangdong after China's accession of WTO, the prospects of the economic and trade cooperation between Guangdong and Hong Kong, especially the business opportunities in the fields like new and hi-tech, infrastructure, logistics, commerce and finance, etc.
2) Speech by Hong Kong VIP.
3) Hong Kong investors share their success experience in Guangdong.
4) Signing ceremony of key projects.

II. A forum will be held from 14:30 till 16:30 on May 13, where the representatives of Hong Kong business circle, enterprises and financial institutions shall have an opportunity to meet and talk with the heads of Guangdong government bodies including the Department of Foreign Trade and Economic Cooperation, the Planning Commission, the Economic and Trade Commission, and other bodies in charge of customs, inspection and quarantine, taxation, foreign exchange control, industry and commerce, public security, land and labor, etc.
III. On May 14 and 15, the municipalities will go on with their investment promotion activities in Hong Kong, focusing on the 150 projects published by the province covering new and hi-tech, infrastructure, "Three-High" agriculture, transformation of state-owned enterprises, share transfer and logistics, as well as the projects published by the municipalities.
The business people are sincerely welcome to attend our event.

Consulting website: http://www.investgd.com

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