Known for its manufacturing and electronic industries, Dongguan city of Guangdong took robust steps to the French and European markets as 9 cooperation programs worth USD 330 million were signed in an economic and trade exchange held in Paris, March 22.
These projects cover joint R&D of laser display chips, investment in wine and chateau, trading for food and leather products and etc.
Organized by Dongguan municipal government, the exchange attracted both SMEs and world’s giants of two countries including Carrefour, Decathlon and BBK, the company holding Vivo and Oppo. French enterprises showed strong interests in investing in Dongguan during the exchange and reached preliminary agreements with Dongguan enterprises, making the consulting and negotiating section 40 minute longer than scheduled.
“Dongguan is always eyeing cooperation with foreign enterprises, especially in the fields of high-tech industries, high-end services, energy saving and environment protection,” said Lv Yesheng, Party Secretary of Dongguan, “we pay efforts to construct a better investment environment through piloting convenient measures for custom clearance, trading and finance while legalizing our market under international standards.”
“With all these efforts and its strategic importance in the Guangdong-Hong Kong- Macao Greater Bay Delta, Dongguan is now one of the most important destinations for global investment,” said Lv Yesheng.
The opportunities showing up in Dongguan have been sensed by a batch of entrepreneurs, and have brought them considerable returns of investment.
“Dongguan, also named as ‘the sport city’, is always full of energy,” said Frank Jordan, Vice-president of Decathlon, “we established our factory here 10 years ago, and then a series of retail stores. Next month, we will start building an 8-thousand-square-meter logistics platform under the EU standard, hoping to further expand our market from Dongguan.”