XI. Creation of New Situation for Opening-up and Cooperation

Further tapping its "window" role and utilizing as the important platforms the cooperation among Guangdong, Hong Kong and Macao, the pan-Pearl River Delta regional cooperation, and China-ASEAN cooperation, the region will strenuously advance its opening-up to the outside world and the other regions in China, increase its connections with the world's major economies, actively participate in international division of labor, and take the lead in establishing a new and open economic pattern that covers all aspects, multiple layers and diverse sectors and has a high quality.

1. Elevate Level of Economic Openness

- Innovate the developmental pattern of foreign trade. The region will play a leading and demonstrative role for the country in optimizing the export structure, depending on quality for success, and shifting from the current focus of foreign trade on goods to emphasis on both goods and services. It will actively promote the transformation of foreign trade modes, tap global resources, internationalize the industry chains, and develop high-end trade. And it will encourage the extension of the industrial chain of processing trade companies, assist a batch of scaled and advantaged processing trade enterprises to realize the transformation from producing for other brands and commissioning designing work to others to cultivating their own brands, strengthen the abilities of designing, R&D, and brand marketing, increase the share of domestic marketing, and be supported to establish a national demonstration zone for the transformation and upgrade of processing trade enterprises. The state will scientifically plan and rationally establish special customs supervision areas and free trade supervision networks and stations, support the sustainable and healthy development of the free trade processing and logistics industries in the Pearl River Delta, and consider the establishment of a comprehensive free trade area at Baiyun Airport in the course of planning special customs supervision zones. The region will vigorously develop service trade industries including finance, software, and culture, and establish a number of international service outsourcing bases. It will take the lead in adopting the internationally acceptable standards on quality, safety, environment, technologies, and labor, speed up the construction of "electronic ports", and standardize, internationalize and facilitate customs check and inspection. Service trade will account for 20% of total volume of import and export in 2012, and 40% in 2020.

- Raise the level of foreign investment utilization. The region will actively attract the world's top 500 enterprises and the global leaders of various industries, and strictly restrict the access by low-level, high-pollution, and high-energy-consumption foreign investment projects. It will guide foreign capital into hi-tech industries, modern services, research and development, and centralized operational management, and promote international cooperation in the energy, transportation, logistics, and tourism sectors. It will actively conduct experimental Sino-foreign equity joint venture and cooperation in the financial, education, medical and cultural sectors. It will guide and encourage overseas excellent talents to come to undertake business and invest. And it will realize the transformation of its utilization of foreign investment, from emphasizing capital to emphasizing advanced technologies, managerial experiences and high-caliber talents, and from emphasizing manufacturing to emphasizing both manufacturing and services.

- Expedite implementing the "go out" strategy. The region will encourage eligible enterprises to set up manufacturing bases, marketing centers, R&D institutions, and economic and trade cooperation zones in foreign countries, and undertake cooperative exploitation of overseas resources, international labor service cooperation, and international engineering contracting, and purchase foreign small and medium enterprises, R&D institutions, and marketing networks that have critical technologies. And it will improve the mechanism of overall coordination of the "go out" efforts of enterprises, establish convenient and effective domestic supporting systems concerning fundraising, foreign exchange review, entry and exit of personnel, customs clearance of goods, inspection and quarantine, and project management, and also establish offshore assurance systems concerning consular protection, risk prevention, information exchange, and government coordination. In 2020, the region will foster 10 native multinational corporations of which each earns an annual sales revenue of over 20 billion dollars.

- Try to create a standardized and internationalized business environment. The region will rationally utilize international practices and rules, actively participate in the formulation of international rules and standards, and take the initiative to establish corresponding systems and mechanisms. It will cement the spirit of contract, the notion of rule of law, and the sense of commercial credit, establish a sound legal system, a transparent and stable commercial system, and standardized mechanism for business dispute settlement, and cultivate professional talents of finance, law, and accounting who are familiar with international rules. And it will provide convenient and efficient services for enterprise registration, business licensing, talent recruitment, property rights registration, and cross-border transaction, protect the rights and interests of investors, and, together with Hong Kong and Macao, build one of the best regions for global business.

- Actively prevent international economic risks. The region will establish the mechanisms for early warning and prevention of international economic risks, and take the initiative to cope with and prevent such risks; will complete the mechanism for the monitoring and early warning of cross-border money flows. And it will take active caution against the risks caused by international financial cooperation and innovation, transnational industrial mergers and acquisitions, adjustment of international industrial and technological standards, international trade disputes, fluctuation of foreign exchange rates, and fluctuation of international resource and energy prices.

2. Engage in Closer Cooperation with Hong Kong and Macao

- Advance the convergence of major infrastructures. Following the principle of mutual benefit and enhancement, the Pearl River Delta will strengthen its cooperation and coordination with Hong Kong and Macao to bring into play each other's advantages. The region is supported to pursue convergence with Hong Kong and Macao in terms of urban planning, rail transit networks, information networks, energy base networks, and urban water supply. The region will expedite the construction of the Guangzhou-Shenzhen-Hong Kong passenger railway, start at an early date the construction of certain infrastructures, such as the Hong Kong-Zhuhai-Macao Bridge, the expressway traversing the east of Shenzhen, and the expressway linking the western passages of Hong Kong, actively carry out the planning and construction of the Liantang/Xiangyuanwei border port, and actively implement other cooperative projects including the cooperation between the airports of Shenzhen and Hong Kong. The cooperation concerning the construction, operation and management of ports, wharfs, and airports will be supported. And the joint planning and implementation of the highlighted "bay area" action plan covering the Pearl River mouth will be supported. The region will actively undertake customs cooperation with Hong Kong and Macao, deepen the reform of customs clearance operations, explore the mechanism of mutual recognition and sharing of monitoring results, and intensify the cooperation in cracking down on smuggling and protecting intellectual properties. The facilitation of the personnel movement among Guangdong Province and the Hong Kong and Macao regions will be encouraged, and the "144-hour visa-free visit" measure will be optimized.

- Strengthen industrial cooperation. Full support will be given to the processing trade enterprises invested in the Pearl River Delta by Hong Kong and Macao to boost their transformation and upgrade effort to extend their industrial chains and reorient to modern service industries and advanced manufacturing industries. The region will also support the smooth transition of labor-intensive enterprises, and assist the firms invested by Hong Kong to explore the domestic market so as to strengthen their abilities to cope with the radical changes of the external environment. And it will deepen and solidly enforce the CEPA between the mainland and the Hong Kong and Macao regions, and conduct experimental work with Hong Kong and Macao. The state will support the cooperation among Guangdong, Hong Kong and Macao in developing the service industry, and solidify the status of Hong Kong as an international center of finance, trade, shipping, logistics, and services with high added value and that of Macao as a global center of tourism and recreation. The region will pursue staggered development, and strengthen its cooperation with the financial industries of Hong Kong and Macao. The state will support the stable and healthy development of the RMB business of the banks in Hong Kong and Macao, and conduct trials of RMB denomination and settlement for the trade with Hong Kong and Macao. The state will encourage the three sides to realize joint development of the international logistics, convention and exhibition, cultural, and tourism industries; will heighten their mutual recognition of the professional qualifications for the banking, securities, insurance, appraisal, accounting, law, education, and medical service industries in order to create the conditions for developing service industries. The state will support the enterprises in the Pearl River Delta to finance through their listing on the stock market of Hong Kong. And the state will support their innovative science and technology cooperation, and establish innovative mechanisms for the cooperation between Hong Kong and Shenzhen, Hong Kong and Guangzhou, and Zhuhai and Macao. The cooperation zones, including Guangzhou Nansha New Area, the Qianhai and Houai areas of Shenzhen, the border areas between Shenzhen and Hong Kong, Zhuhai Hengqin New Area, and cross-border cooperation area between Zhuhai and Macao, will be planned and constructed as vehicles for enhanced cooperation with Hong Kong and Macao in service and hi-tech industries. The state will encourage Guangdong, Hong Kong and Macao to bring into play their respective advantages and complement each other and jointly participate in international competition.

- Jointly build a high-quality living community. The three sides are encouraged to cooperate on education, medical services, social insurance, culture, emergency management, and protection of intellectual properties, and conveniences will be provided for people from Hong Kong and Macao to work and live in the Mainland. The cooperation on special technical talents will be promoted. The cooperative mechanisms for the three sides on epidemics information exchange and joint control and prevention, the emergency cooperation mechanism to deal with unexpected public health events, and the mechanism for collaborative investigation of health incidents of food and agricultural produce will be perfected. The state will support the three sides to establish labor relation coordination mechanism and to jointly build the greater Pearl River Delta into a green and high-quality living community. It will encourage them to establish mechanisms for joint prevention and control of pollution and to jointly deal with environmental pollution, build cross-border ecological reserves, and protect water-collecting areas of reservoirs. It will also support Guangdong and Hong Kong to conduct joint research and development of clean energy and renewable resources, cooperate on clean production, and construct profitable networks of energy supply and marketing; It will ensure the good quality and safety of the agricultural produce and water supplied to Hong Kong and Macao; will support the three places to cooperate in implementing clean energy policies, and gradually adopt unified standards on car fuel, vessel fuel, and emission that are the most advanced in the country, so as to improve the air quality of the Pearl River Delta. And it will support the development of circular economy in the Pearl River Delta, encourage the trio cooperation on material reclamation, recycling, and conversion of waste into resources, and research the mode for cooperation on waste management.

- Innovate cooperation modes. The consultation and coordination with Hong Kong and Macao will be strengthened to facilitate the cooperation on economic and social development. The state will support Guangdong, Hong Kong and Macao to expand their autonomy in the consultation for cooperation as guided by the related departments of the central government. It will encourage them to formulate regional cooperation plans through consultation and agreement. It will perfect the joint meetings of administrative chiefs between Guangdong and Hong Kong and between Guangdong and Macao, and increase the actual effect of such meetings. And it will follow the principle of market domination and government guidance, bring into further play the roles of enterprises and social organizations, and encourage the academic and business circles to establish various forms of cooperation and exchange mechanisms.

3. Elevate Levels of Cooperation with Taiwan

By means of the existing Taiwan-invested enterprises in the Pearl River Delta, the region will further expand its economic and trade cooperation with Taiwan, and broaden the scope of cooperation. It will support the establishment of various exchange mechanisms, expand the nongovernmental exchanges through associations and commerce chambers, and encourage the economic and trade talks, cooperation forums, and business investigation missions. It will strengthen its cooperation with Taiwan in the fields of economy, trade, high technology, advanced manufacturing, modern agriculture, tourism, scientific and technological innovation, education, medicine, social insurance, and culture. It will heighten the cross-strait agricultural cooperation, and facilitate the construction of the business undertaking park for Taiwanese peasants at Jinwan, Zhuhai and the cross-strait agricultural cooperation pilot zone in Foshan. It will actively create good life and business environment for Taiwanese businesspeople, and encourage the founding of schools for their children and the establishing of relevant mechanisms on medical services and work injury insurance; And it will encourage the eastern areas of Guangdong to tap their geographical and cultural advantages to develop trade with Taiwan, and elevate the level of the economic and trade cooperation with Taiwan.

4. Deepen Cooperation of Pan Pearl River Delta Region

The pan-Pearl River Delta regional cooperation will be included in the national strategy for regional coordinative development, and will be carried to greater depth, so as to facilitate the mutual enhancement, beneficial interaction, and coordinative development among the eastern, central and western regions. In this greater region, the state and the related local governments will provide stronger guidance and coordination, continuously improve cooperation mechanisms and rules, innovate cooperation modes, explore establishing project responsibility team and other methods, and ensure the actual effect of cooperation. They will facilitate the flow of productive factors such as capital, technology, talent, information, and resources, and promote regional cooperation regarding industries. They will speed up the construction of inter-province passages, and form a comprehensive transportation network with the Pearl River Delta as the core and connecting the fringe areas. They will continue the energy cooperation that highlights the "west-to-east power transmission", and construct a complete power transmission network. They will push forward the ecological and environmental construction, and enhance the regional cooperation on water source protection and pollution prevention and control. They will undertake cooperation on science and technology, talent, intellectual property protection, and tourism, and establish the platforms for the regional cooperation on technology, human resources, and barrier-free tourism zones. They will quicken the construction of information infrastructure, and facilitate the cooperation in electronic commerce. And they will take the initiative to abolish the administrative blockades, establish the mechanisms for sharing credit information of enterprises, joint law enforcement, joint action for safeguarding rights, and mutual recognition of testing and inspection results, and support the formation of a fair, open, standardized, and unified greater market of the region.

5. Enhance Cooperation with ASEAN and Other International Economic Regions

The Pearl River Delta will conduct cooperation with international economic regions and emerging markets at multiple levels, in multiple ways, and in multiple fields, and bring about a situation of diversified international economic and trade cooperation. Under the framework agreement on China-ASEAN Free Trade Area, it will support the effort to set up dialogue and coordination mechanisms, and relationships of friendship provinces, states, and cities, with relevant organizations of ASEAN countries, encourage nongovernmental dialogues and exchanges, hold economic and trade fairs, and expand cultural exchanges. It will support the cooperation with advanced ASEAN countries like Singapore in the fields of economy, technology, industrial park management, and talent training. It will encourage the enterprises with financial and technological advantages to conduct cooperation in ASEAN countries on resource exploitation, product marketing, infrastructure construction, cultivation and processing of agricultural produce, and breeding and processing of aquatic products, encourage the preponderant industries to expand into the ASEAN countries, and expand the export to ASEAN. It will encourage tourism cooperation with ASEAN, and introduce the mechanism for tourist visa facilitation. It will expand the cooperation with EU and NAFTA on economy, technology, talent, and trade, energetically develop the emerging markets, including India, Russia, Brazil, and the Middle East region, strengthen the economic and trade cooperation with Australia, New Zealand, and the countries in South America and Africa, and create a situation of diversified international economic and trade cooperation. And it will make full use of various cooperation platforms, including China (Guangzhou) Export Commodity Fair, China (Guangzhou) Small and Medium Enterprises Fair, China (Shenzhen) Hi-Tech Fair, Guangdong International Consulting Fair, and friendship provinces, states, and cities, and elevate the opening-up to and exchange with the outside world to higher levels.