The conference also features 14 parallel sessions and six guest inspection routes, with each city district sharing its latest industrial policies, projects and investment opportunities. In addition to this, the Guangzhou city government is unveiling a promotional video showcasing 2024 industrial investment, and contracts for multiple major projects are expected to be signed.

As a national advanced manufacturing base, international trade center and city designated for cultivation of an international consumption center, Guangzhou is home to 35 industries in major categories, along with six advanced manufacturing clusters with an output value each exceeding 100 billion yuan ($13.8 billion). In January and February 2024, the added value of industrial enterprises above a designated size reached 68 billion yuan — a 7 percent increase year-on-year. The added value of high-tech manufacturing industries increased by 18.2 percent, with the pharmaceutical as well as electronic and communication equipment manufacturing industries growing by 16 and 22.5 percent respectively.

Foreign representatives are among those attending the 2023 event. CHINA DAILY

In 2023, the paid-in foreign investment in Guangzhou reached 48.32 billion yuan, accounting for 30.4 percent of the total in Guangdong province and 4.3 percent of the national total, ranking fifth in the country. In the first two months of 2024, the city established 1,000 new foreign-invested enterprises — an increase of 56.7 percent.