For example, Guangdong Province should spare no efforts to develop its service industry further, said Zhang Youhuai, a researcher with the Guangdong Academy of Private Economy.
"The province can maintain its important role in the manufacturing industry and sharpen its competitive edge in the service sector," he said.
He added that firms in Guangdong could use Hong Kong and Macao to gain a foothold in the global economy. By the end of this year, the volume of zero-tariff goods from Hong Kong and Macao to the Chinese mainland is expected to surpass 3 billion yuan (US$371.4 million), said the Ministry of Commerce.
The central government signed the free trade pact with the Macao Special Administration Region in October 2003. Zero tariffs were implemented on goods from Hong Kong and Macao from January 1, 2004.
Ministry of Commerce of the People's Republic of China
marketing@alchempro.com
