Foreign Power: "World Factory" Guangdong promotes self-innovation

Reference News Network reported on December 19,On December 16th, Effie broadcast a report entitled "Guangdong: Self-innovation of the World Factory", and the reporter was jesus Centeno. The report is compiled as follows:
Guangdong is the "factory of the world", the economic center of China, and one of the major cultural and food treasures in China. As the province with the largest resident population in China, Guangdong is seeking to reinvent itself in the context of economic slowdown.
In Guangzhou, the capital of China’s southern province, labyrinthine department stores (offering everything from handicrafts and antiques to electronic products and fashion) are still competing with street fairs for consumers’ attention. These bargain-hunting consumers are looking for the best prices all over the city.
This year, the first year after the COVID-19 epidemic, China’s economy gradually recovered, although the recovery process was delayed.
"Our sales are not as much as expected … but we have seen a better trend." Ms. Zhang, a salesperson of an outdoor clothing store in Dongshankou, told Effie.
Ms. Zhang’s shop is competing with shopping centers and e-commerce in this city. The consumption of foreign tourists is one of the sources of income in this city, especially for the hotel industry.
Ms. Zhang said that many people gave up the clothing business and set up stalls on the street to provide local food.
Many tourists are attracted by Guangzhou’s rich cultural traditions, such as local monuments and theaters, or choose "red tourism" to visit the revolutionary holy land. Every day, many people come to visit the memorial hall of the site of the Third National Congress in the Communist Party of China (CPC) and take photos as a souvenir.
Guangdong is a model of reform and opening-up initiated by China in the late 1970s, and it is still the main export province and the main destination of foreign direct investment of this Asian giant.
"Many foreigners left during the epidemic. The market here is already very saturated and under great pressure, especially for small enterprises. But here, many things often depend on the connections you have. " Williams Ko Duthois Ku, a Sri Lankan who has been engaged in logistics and transportation services in Guangzhou for many years, said.
A young local woman selling jade added: "For local entrepreneurs, everything depends on the ability to find customers, especially in overseas markets."
At the same time, an official of the local foreign affairs department told reporters that after the impact caused by the pandemic, the retail industry and domestic demand are "fully recovering".
"We can be cautious that the situation will be better in 2024. We have invested a lot of energy in the development of rural areas and scientific and technological innovation. To this end, we are promoting the construction of Guangdong-Hong Kong-Macao Greater Bay Area and striving to integrate Guangdong with Hong Kong and Macao. " The official proudly emphasized that Guangzhou is one of the most important foreign trade ports in the history of China.
Guangdong province has a mild climate, low labor cost, strong industrial base and efficient logistics network, and is now committed to building itself into a major hub for digitalization and innovation.
According to local media reports, the province is "in a leading position in patents, trademark applications and technical projects". Shenzhen is the birthplace of Huawei, the world’s leading smartphone brand, Tencent, one of the world’s largest Internet companies, and DJI, a drone manufacturer. (Compile/Tian Ce)