Nansha to be scientific focal point in Guangdong FTZ's 14th Five-Year plan

The development plan of China (Guangdong) Pilot Free Trade Zone during the 14th Five-Year period (2021-25) was released on Sept 22.

The Guangdong FTZ covers a total area of 116.2 square kilometers and has three areas, namely Nansha, Qianhai-Shekou, and Hengqin. The Nansha area is the largest of the three areas with a total area of 60 sq km.

The Nansha area will be built into the main carrier for the comprehensive national scientific center in the Guangdong-Hong Kong-Macao Greater Bay Area, an international special talent zone and demonstration zones for import trade promotion and innovation as well as the center for the all-round cooperation among Guangdong, Hong Kong and Macao.

The Nansha area has adhered to the innovation-driven development concept, pushing forward the integrated development of advanced manufacturing and modern services.

It is now home to 475 high-tech companies and 200 of them manage artificial intelligence. A number of 6,587 financial companies have also settled down in the area.

A total of 15 projects in Nansha have been listed as major projects in the development plan, casting eyes on shipping, modern services, strategic emerging industries and infrastructure.