The city of Guangzhou has 346 financial leasing companies by the end of 2017, which is three times more than that in 2013.
On Jan 17, LG Chem, a subsidiary of the world renowned South Korean conglomerate LG Corporation, announced plans to setup a polarizer plant in Guangzhou to promote growth in its high-tech business sector.
Xiangxue Pharmaceuticals, a Guangzhou traditional Chinese medicine production and research company aims to promote cell therapy industrialization in cooperation with GE Healthcare, a multinational medical services provider and medical equipment maker.
Digital China Holdings Limited, one of the largest integrated information technology services providers in China, announced plan to establish a joint smart city planning institute in Guangzhou, the capital of Guangdong province, on Monday.
Guangzhou's GDP in 2017 surpassed two trillion yuan ($309 billion), according to Wen Guohui, mayor of Guangzhou, who delivered the city's 2018 government work report on Jan 11 during Guangzhou's two sessions.
Construction of a new energy vehicle industrial park project, with an investment of approximately 30 billion yuan ($4.56 billion) by property and financial services conglomerate Baoneng Group, recently began in Huangpu district of Guangzhou.
Skyworth Group, the Shenzhen based Chinese TV manufacturer, has signed a cooperation agreement with Guangzhou's Huangpu district on Jan 8 to build a smart industry innovation base.
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