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Guangzhou makes strides in promoting BRI

By YUAN SHENGGAO | China Daily | Updated:2021-09-24

Guangzhou, capital of South China's Guangdong province, has made remarkable achievements in supporting the Belt and Road Initiative.

The city government said authorities started by optimizing institutions and gathering superior resources, establishing a comprehensive working mechanism for the BRI.

In 2020, Guangzhou received investment of $548 million from countries involved in the BRI, up 67.6 percent year-on-year.

Meanwhile, the city launched 42 enterprises and institutions in BRI countries, involving capital of $411 million.

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The Guangdong-Hong Kong-Macao Greater Bay Area and Belt and Road (Nansha, Guangzhou) Legal Services Center is put into operation in 2020. CHINA DAILY

A host of international cooperation platforms were built by the city as part of its efforts to further open up and make contributions to the BRI, local officials said.

The China-Saudi Arabia industry cooperation program, which was jointly initiated by Saudi Arabia, Guangzhou and Yinchuan in the Ningxia Hui autonomous region in 2019, has established partnerships with four industrial parks in Jazan, Jubail, Yambu, and Ras Al-Khair of Saudi Arabia.

As the first project of the program, domestic company Shen Gong's production base in Jubail has completed its first-phase construction.

The project will gain investment totaling $892 million, and its annual output value will be $2.21 billion, a representative from the program said.

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