East Guangdong Forum Convenes, Clear Creek Town Focuses on High-Quality Development

East Guangdong Forum Convenes, Clear Creek Town Focuses on High-Quality Development

The East Guangdong Forum was held in Dongguan City recently, with Zhao Yin, the Party Committee Secretary of Clear Creek Town, delivering a speech. According to reports, Clear Creek Town aims to increase its foreign trade volume by 5% and fixed asset investment by 8%, while achieving GDP growth of 5.5% by 2025.

Despite facing complex and severe circumstances in 2024, Clear Creek Town's economy has shown a strong recovery trend. The total regional production value is expected to exceed 370 billion yuan, with the town's industrial output value growing by 8.1%. Industrial investment and technological transformation investment have also seen significant growth.

The town's consumption market has demonstrated strong vitality, with the social retail sales of consumer goods and key industries in the service sector increasing by 3.4% and 13.9%, respectively, both higher than the city's average.

However, Clear Creek Town is a major industrial and foreign trade center, and its economy has been heavily impacted by external shocks in recent years. The town's GDP and foreign trade growth rates have lagged behind those of the city as a whole due to the decline in production capacity among some foreign-invested enterprises.

In his speech at the East Guangdong Forum, Zhao Yin emphasized that Clear Creek Town will focus on high-quality development in 2025, with three key priorities: stabilizing the production capacity of foreign-invested enterprises, maintaining a stable scale of foreign trade, and increasing foreign investment. The town aims to create a more favorable business environment for foreign-invested enterprises.

Zhao Yin highlighted efforts to stabilize production capacity, including supporting key enterprises to increase their output values to over 100 billion yuan, fostering pillar industries with growth rates exceeding 30 billion yuan, and developing backbone enterprises with output values of over 20 billion yuan. The town will also focus on stabilizing its traditional advantages in the market.

Efforts will be made to stabilize foreign trade volume by leveraging new markets, organizing key enterprises to participate in major exhibitions such as 'Gwotrade Global' and promoting 'Cle Creek Manufacturing' products globally. The town aims to achieve a total foreign trade volume of over 530 billion yuan in 2025.

Zhao Yin also emphasized the importance of stabilizing foreign investment, including creating new industries with advantages, accelerating the development of innovative projects such as the 'Chengdu-Hong Kong Innovation and Entrepreneurship Center', and promoting the construction of a comprehensive international cooperation innovation platform. The town aims to further solidify its position as the largest customs clearance center in China.

The East Guangdong Forum was attended by local officials, entrepreneurs, and experts from various fields, who shared their insights on the development of Clear Creek Town and the region.