Recently, the 2021 Guangdong Province Business Environment Evaluation Report was released, showing Guangzhou and Shenzhen are leading in business environment development in the province, the two cities are also listed in China's pilot programs on the business environment.
The construction of a new railway connecting Shenzhen and Jiangmen is in full swing and scheduled to open to traffic in 2025. With a design speed of 250 km/h, the Shenzhen-Jiangmen Railway goes through Guangzhou, Dongguan and Zhongshan. After the Railway is put into use, it will only take 30 minutes moving between Nansha in Guangzhou and Qianhai in Shenzhen.
Up to now, the total assets of state-owned enterprises in Guangzhou has exceeded 5 trillion yuan, hitting 5.4 trillion yuan by the end of November, an increase of 30.2% compared to 2019, said Cui Yanlun, Deputy Head of the State-owned Assets Supervision and Administration Commission of Guangzhou Municipal Government, at a press conference on 2021 work report of state-owned enterprises in Guangzhou.