Nansha new area is one of the three designated economic development zones approved China‚Äôs State Council located in South of Guangzhou city. This report aims to research the development planning of Nansha new area. This paper will discuss the future development of Nansha new area from three perspectives: 

     1) New infrastructure projects

2) New favorable policies 

3)New industrial planning

This report will be produced based on a lot of literature reviews about the policies and projects of Nansha new area. This paper will provide some suggestions for the future development of Nansha new area. 

Contents

Introduction 3

Conclusion 3

References 3

 

Introduction

In May 12, 1993, the Sate Council of the People’s Republic of China approved the establishment of the Guangzhou Nansha economic and Technological Development Zone. In 2002, Guangzhou Municipal Party,municipal government speeded up the construction and development of Nansha Development Zone, set up the Guangzhou Nansha Development Zone Construction Headquarters, and send teams for the Guangzhou Municipal Government which were responsible for the planning, construction, management and attracting investment work having examination and approval authority of Guangzhou Municipality Party.

Nansha has a total area of 803 square kilometers, with a land area of 570 square kilometers, and 233 square kilometres of water. As the country’s sixth State-level Zone, Nansha is expected to get national support from a series of preferential policies and reforms on tax policy, land management, financial innovation and industrial development.The strategic position of Nansha New Zone will establish its presence in Guangzhou, it will connect Hong Kong and Macao, provide services to Chinese mainland and be orientate itself to the world. Nan sha will be a world-class comprehensive service hub and pilot zone for innovation of social management services. 2012 to 2025 will be the period in which we will carry out the development plan of the Nansha New Zone (China to develop Nansha New Zone, 2012).

 

 

1. New favorable Policies 

The National Development and Reform Commission (NDRC) issued a circular on the Development Plan for Nansha New Area in Guangzhou on 15 October, unfolding the blueprint for the future development of Nansha New Area.

According to the objectives set out in the plan, by the year 2050 a comprehensive transportation network will be built within the Guangdong-Hong Kong-Macau high-quality life circle which will include a cross-boundary passenger and cargo freight water route, a new system for the customs clearance of yachts, and a complete public transport system between different ports(Development blueprint for Nansha New Area, 2012).

 

 

2. New Industrial Planning

Guangdong aims to upgrade its industrial base to transform the province into a high-quality service economy. A recent study published by the Guangdong Academy of Social Sciences (GASS) suggests that Nansha’s development can offer a new area for cooperation between Guangdong and the HKSAR. Efforts will be made by Nansha to fully enhance the integrated service functions of its port, build an international passage for China’s southern, central southern and southwestern regions going out to the sea, strengthen high-end shipping services, and study the feasibility of constructing an airport for business jets.Hong Kong and Macau insurance broker companies are also encouraged to set up solely-owned insurance agent companies there.The development plan also puts forward that a policy for facilitating the flow of people to and from Hong Kong and Macau will be introduced, providing convenience to residents of Nansha New Area and mainland residents investing or working in the new area who apply for entry passes or visas to Hong Kong and Macau. Conscientious efforts will be made to study the possibility of Hong Kong and Macau granting one-year multiple entry visas to residents in Nansha New Area as well as mainland residents investing or working in the new area. The development plan stipulates that Nansha New Area will strictly enforce the Sea Area Utilisation Management Law; advance the marketisation of sea area resources; and look into the feasibility of establishing a secondary market for sea area utilisation.

 

 

3. Suggestions

Nansha’s future development should take advantage of Hong Kong’s position as an international financial centre and international shipping centre, and efforts should be made to promote Guangdong-Hong Kong-Macau cooperation in financial services; encourage and support Hong Kong and Macau enterprises and financial institutions to actively participate in setting up shipping industry funds, shipping financial leasing companies and shipping insurance companies; as well as enhance the concentration and distribution efficiency of financial resources in the shipping industry.

 

 

Conclusion

Under the overall coordination and planning of the relevant state departments, great efforts will be devoted to hosting and organizing large international conferences and events such as exhibitions, forums, sporting contests and cultural activities as well as promoting business travel. Action will be taken to build a high-level multi-functional international exchange platform jointly with Hong Kong and Macau, providing an important window for southern China opening to the outside world.

References

China to develop Nansha New Zone.(2012). Available from: http://www.china.org.cn/video. (accessed 6 February, 2013)

Development blueprint for Nansha New Area (2012). Available from: http://economists-pick-research. (accessed 5 February, 2013)