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By GDToday
Guangzhou authorities have introduced 18 new measures to stabilise and enhance foreign trade, aiming to strengthen its role as a global trade hub. The policies focus on expanding market access, upgrading digital infrastructure, and improving financial support for businesses engaged in international trade.
Guangzhou’s foreign trade has recorded four consecutive years of growth, with total imports and exports reaching 189.6 billion yuan in the first two months of 2025, a 14.3 per cent year-on-year increase. The new policies encourage companies to expand in advanced manufacturing, supply chain services, and production-oriented industries, aligning with the city’s long-term industrial strategy.
The measures offer subsidies of up to 40 per cent on export credit insurance premiums for small and specialised enterprises while supporting businesses in group participation at overseas trade fairs. Guangzhou plans to expand its “10,000 Enterprises Going Global” initiative, helping companies enhance their international competitiveness.
The city will also accelerate digital and intelligent transformation in the processing trade sector, covering research and development, manufacturing, marketing, and services, with up to 50 per cent financial support for qualifying expenses. Leading cross-border e-commerce firms may receive up to 2 million yuan in funding, while industrial parks focused on global trade could secure up to 5 million yuan in support.
Guangzhou is advancing its role in global commodity trade, promoting distribution centres for grain, iron ore, coal, and natural gas, as well as hubs for aviation materials, pharmaceuticals, and consumer goods. As one of China’s few approved locations for bonded fuel oil supply for international vessels, the city will offer financial incentives to key firms operating in bonded fuel and LNG refuelling.
In addition, Guangzhou has set a five-year goal to develop a one-trillion-yuan industrial cluster alongside four clusters valued at 500 billion yuan and another four at 300 billion yuan. These large-scale industrial zones aim to provide a solid foundation for businesses expanding into global markets.
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