Special supplement: Guangdong geared for export upgrade
By Zhan Laoji | China Daily | Updated: 2008-12-10 07:55
GUANGZHOU: Facing severe challenges from the global economic slowdown, the province of Guangdong has modified its strategies for sustained development in its export-oriented economy.
"The financial tsunami and global economic downturn - together with the protectionism in developed countries and the intensifying competition from developing countries - are forcing the province to adjust," said Liang Yaowen, director of the provincial foreign trade and economic cooperation department of Guangdong.
Of prime importance to the province are stronger ties with Hong Kong and Macao to build a world-class economic zone through joint efforts with the two special administrative regions, said Liang.
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