GUANGZHOU, China, August 31, 2022 /PRNewswire/ — The Eighth Annual Guangzhou China Investment Conference and First Global Unicorn CEO Forum was held in Guangzhou IN August 30. A gathering of over 700 business and institutional representatives, as well as entrepreneurs and innovators from all social sectors, the event also attracted a plethora of firms from 45 countries and regions, from Fortune Global 500 companies and central Chinese state-owned enterprises to industry leaders . to unicorns. He suggested that most global businesses remain confident about investing in the southern Chinese city and its future, despite market uncertainties around the world.
To fully fulfill its theme – “Investing in Guangzhou is investing in the future”, the Annual Conference included a general meeting and 20 parallel sessions, in addition to nine overseas sessions held in places such as the USA (Silicon Valley), Germany (berlin), Japan (Tokyo), and Singapore. Entrepreneurs from around the world were invited to discuss business opportunities and sustainable development. The event also saw a host of major projects signed by 355 investors from 20 countries and territories, according to the Guangzhou Municipal Bureau of Commerce. Such will be an incentive for Guangzhou’s Strategic emerging industries, such as advanced manufacturing, automotive, next-generation information technology, modern commerce and new energy.
As a core of Guangdong– Hong Kong-Macau Greater Bay Area (GBA), Guangzhou embraces openness and inclusiveness, fosters a healthy and efficient business climate, and boasts complete industries. These qualities are the reason it has received tremendous investment from many large multinational companies. According to Leon WangInternational Executive Vice President and The President of China of AstraZeneca, a biopharmaceutical business.
China has now grown into one of the three most important global markets for Unilever’s business growth, it said Frank Qu, Head of Unilever China. The consumer goods giant has recently launched its first manufacturing facility for a complete portfolio of its products in Guangzhou’s Conghua Mingzhu Industrial Park. This is the largest investment Unilever has ever made China over the past few years and also its first carbon-neutral manufacturing site, aiming to build into a world-class “beacon” factory leading the manufacturing transformation.
In his speech, China Resources Group general manager Wang Cuijun applauded Guangzhou’s sound business climate and its enduring commitment to reform and openness, saying that these are what appeal to creators and investors around the world, especially unicorn companies that own innovative technology, pioneer new frontiers and create models of business cloud. That means more unicorns will only boost economic growth, he added.
Another highlight at the event was the release of the Unicorn Global Semi-Annual Report 2022 by Rupert Hoogewerf, chairman and chief researcher of the Hurun Report. Of the 312 unicorns on the list that China houses, 62 come from the GBA, and Guangzhou overtaking Boston to rank 11th with 19 unicorns, growing faster than any other Chinese city.
Strong industrial groups Guangzhou it should also offer to lay the necessary foundations for unicorns to promote innovation and entrepreneurship. With large business groups, the city allows each industry a variety of suitable application scenarios and would be the first choice if artificial intelligence (AI) develops a wide range of industries, said Wang Zaico-founder and executive president of Cambricon Technologies Corporation Limited, an AI chip maker.
Eight years have passed since the inauguration of the Guangzhou Annual Investment Conference. Beyond a showcase of reforms and groundbreaking successes achieved by Guangdong and even China, the signing event has broadened global investors’ understanding of GBA, Guangzhou especially. Regarding August 20221,658 projects were launched in the city by 335 Fortune Global 500 firms. Greater development and investment opportunities will be created for the global business community as Guangzhou continues to improve its business climate.
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SOURCE Guangzhou Municipal Bureau of Commerce