2017 Fortune Global Forum: Guangzhou is Ready

Last September, Time Inc. Chief Content Officer and Fortune Editor-in-Chief Mr. Alan Murray announced that Guangzhou will host the 2017 Fortune Global Forum from December 6-8. Since then, the city has been working continuously to promote for the Forum in Hongkong, New York, San Francisco, Chicago, Washington D.C., Tokyo, Seoul, Frankfurt, London, Barcelona, Amsterdam and twelve other cities around the globe.

This year’s forum, with the theme ‘Openness & Innovation: Shaping the Global Economy’, will see the attendance of at least 129 of the Fortune Global 500 to discuss the key issues facing multinational companies at a crucial time of change in China and the global economy.

Why Guangzhou?

Cai Chaolin, Vice Mayor of the People’s Government of Guangzhou Municipality briefly introduced Guangzhou and explained why Guangzhou was chosen as the host city for the Forum – it is a city of history, business, innovation, inclusiveness, food and leisure.

As a starting point of the Maritime Silk Road, Guangzhou has been exporting goods and culture to the Western world. Besides, with a dynamic and robust economy based on a convenient transportation network, the city ranks the third in China after Beijing and Shanghai, and on par with Hong Kong and Singapore. More importantly, it is the innovation and inclusiveness of the city that enable it to achieve a prosperous economy and a diversity of culture.

In the December issue of Fortune, it writes: “Perhaps most tellingly, you’ll see that same invest-in-what’s-next mindset in the Chinese government, which is helping to power the coming decades of innovation in that country—particularly in critical areas such as advanced semiconductors and robotics that are redefining industry. That’s a big reason we’re convening the 2017 Fortune Global Forum in Guangzhou this month—and why hundreds of CEOs and entrepreneurs from around the world will join us.”

What has Guangzhou done?

“Going Global” is an essential move for Guangzhou to develop into international hub city. Since March this year, the city has set up overseas offices in cities and regions leading in science, technology and innovation, such as Silicon Valley, Boston in the US and Israel’s Tel Aviv. The effort is designed to increase exchanges and cooperation with the European and American countries on technological achievements, innovative projects and talents.

This April the city’s Guangzhou Automobile Group, one of the Fortune Global 500, established a R&D center in the Silicon Valley. The center will focus on research and development involving new energy, new materials, advanced parts and electronic equipment in a way to keep pace with an ever-changing landscape of these globally-connected industries.

In June, the 800-million-USD-worth biotech park, jointly invested by General Electric Company and Guangzhou Development District was launched in Sino-Singapore Guangzhou Knowledge City. Moreover, the intelligent-manufacturing-centered project of CISCO (Guangzhou) Smart City started operation, drawing some 30 companies to Guangzhou, annual production value anticipating more than RMB 100 billion.

All these cases on Guangzhou’s “Bringing In” approach showcase that the city is creating an enabling business environment for Fortune Global 500 companies and internationally advanced scientific research institutions to settle down for the future.


Source: english.gz.gov.cn, fortune.com

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