The airport economy in Huadu district, Guangzhou will experience further growth with the construction of a 3.6 billion-yuan ($570 million) aviation training center.
China Southern Airlines (CSAIR) signed an agreement with US aircraft leading company Boeing on Feb 2 to deepen its cooperation with the aircraft company in converting passenger planes into cargo planes.
The city of Guangzhou has 346 financial leasing companies by the end of 2017, which is three times more than that in 2013.
On Jan 17, LG Chem, a subsidiary of the world renowned South Korean conglomerate LG Corporation, announced plans to setup a polarizer plant in Guangzhou to promote growth in its high-tech business sector.
Xiangxue Pharmaceuticals, a Guangzhou traditional Chinese medicine production and research company aims to promote cell therapy industrialization in cooperation with GE Healthcare, a multinational medical services provider and medical equipment maker.
Digital China Holdings Limited, one of the largest integrated information technology services providers in China, announced plan to establish a joint smart city planning institute in Guangzhou, the capital of Guangdong province, on Monday.
Guangzhou's GDP in 2017 surpassed two trillion yuan ($309 billion), according to Wen Guohui, mayor of Guangzhou, who delivered the city's 2018 government work report on Jan 11 during Guangzhou's two sessions.
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