CuCheng Service Gruop---Company Register Consultant, Accounting Service, Auditing Service

The Guangzhou Development District (GDD), Sino-Singapore (Guangzhou) Knowledge City and Luogang District signed 43 major investment projects on August 27 with famous enterprises both at home and abroad such as SK Group from South Korea, Hitachi Limited from Japan, DHL Logistics from Germany, Railway and Port Office from China, etc, with the aggregate investment of the contracted projects exceeding RMB 13 billion yuan.

The 43 major projects signed included 15 advanced manufacturing projects utilizing foreign capital, 8 modern service industry and headquarters projects, 10 emerging industry projects with domestic investment as their strategies and 10 projects concerning leaders in scientific and technological research. The average investment reaches over RMB 0.3 billion yuan in each project. And the output value was estimated to be more than RMB 57 billion yuan.

At present, the GDD has already gathered more than 6,000 domestic and foreign enterprises, possessed major development platforms such as Sino-Singapore (Guangzhou) Knowledge City, Guangzhou Science City, International Biological Island, and so on, and been an important engine in taking the lead in promoting industrial restructuring and upgrading. By last year, the economic strength and overall development level in the GDD had been leading state-level development zones for seven consecutive years and the major economic indicators in Luogang District ranked first in Guangzhou in terms of growth rate.

According to Ling Weixian, Secretary of Commission of Luogang District, in recent years the GDD and Luogang District had adhered to the strategy of driving great development by large projects and promoting industrial restructuring and upgrading by attracting investment and had achieved remarkable results. Together with the 43 projects signed that day, Luogang District has altogether signed 108 projects this year, with a total investment of about RMB 100.1 billion yuan and the expected output value of RMB 293.8 billion yuan after the projects are put into operation.

In addition, Guangzhou International Biological Island which had been included into the national development strategies was also officially "open to the public" on August 27. On the same day, the first 30 high-end biotechnology projects and top supporting projects were signed. The total investment of these projects was expected to reach RMB 1.42 billion yuan, covering many cutting-edge fields such as marine organism, modernization of Traditional Chinese Medicine, stem cell research, bio-energy and so on.