Business News
Guangdong, a powerhouse of China's economy, held its annual high-quality development conference in Guangzhou on February 5, the first working day after the Chinese New Year holiday. The event focused on building a modern industrial system with greater international competitiveness to drive further high-quality development.
Guangdong hosts its annual High-quality Development Conference on February 5, the first working day after the Chinese New Year holiday, in Guangzhou.
In 2024, Guangzhou's foreign trade reached a record high of 1.12 trillion yuan, growing 3% year-on-year and surpassing one trillion yuan for the fourth consecutive year. The exports hit 700.55 billion yuan, a 7.8% increase, breaking the 700 billion yuan record for the first time in history, according to Guangzhou Customs District.
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  • Chinese authorities recently released revised rules on foreign investors strategic investment in listed companies in a move to encourage foreign investors to make long-term and value investments in the country.
  • The Twenty-first Meeting of the Standing Committee of the Sixteenth Guangzhou Municipal People’s Congress adopted the Regulations of Guangzhou City on Foreign Language Signs in Public Places on November 29, 2023. It was reviewed and adopted by the Seventh Meeting of the Standing Committee of the Fourteenth Guangdong Provincial People’s Congress on December 28, 2023. It is hereby promulgated and will take effect from February 1, 2024 onwards.
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