Guangzhou has witnessed explosive growth in its high-tech sector, amid efforts to establish itself as an international hub for innovation.
China's monetary policy is on the way to being further tightened, aiming to curb the soaring debt growth especially in State-owned enterprises and local governments, a former central bank policy advisor said.
Resolving the problem of "zombie" firms can generate significant GDP gains of 0.7 to 1.2 percentage points per year for China over the next 10 to 15 years, IMF research said.
A Chinese high-tech company is building the world's first small-sized unmanned cargo ship, demonstrating that China is taking the lead in the unmanned surface vehicle industry.
Openness and innovation will dominate the agenda of this year's Fortune Global Forum in Guangzhou when top executives of the world's largest companies gather in the southern Chinese city, underscoring China's rising role as a strong advocate for globalization and innovation in the international trade arena.
Chinese drone manufacturer Ehang Inc, a company based in Guangzhou, the capital of Guangdong province, has benefited a lot from the city's preferential policies to support the development of new and high-tech industries over the past few years.
Dorata Wandzel from Poland has been learning Chinese at Sun Yat-sen University in Guangzhou for three months "to explore Chinese culture and to learn how Chinese people actually live". But she acknowledges that doing voluntary work for the Fortune Global Forum has boosted her learning experience.
China is much more likely to become a leader in innovation in key emerging industries - boosted by its young talent, government support and extending internet penetration - according to panelists attending the Fortune Brainstorm Tech International Conference in Guangzhou on Tuesday.
Chinese inventions and technologies are changing the international economy and the country has become a driving force for global innovation, business leaders and officials said on Tuesday at the Fortune Brainstorm Tech International Conference.
Guangzhou, a centuries-old international commercial hub, gathered leaders of the global innovation economy at the Fortune Brainstorm Tech International Conference that opened on Tuesday.
Guangzhou Pharmaceutical Group, a renowned Chinese pharmaceutical maker, is showcasing its Wanglaoji herbal tea - a product integrating traditional Chinese medicine with modern innovation - at the ongoing 2017 Fortune Global Forum.
Three districts in Guangzhou, capital of Guangdong province, highlight the city's focus on innovation. Yuexiu, Tianhe, and Guangzhou Development District all exhibit the local government's success in creating supportive environments for business and innovation.
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