Guangdong Promotes Industrial Relocation under Smiling Face Model

Guandong province is exploring ways to relocate manufacturing industries from the advanced Pearl River Delta region to less-developed peripheral areas in an attempt to balance economic development and reduce business costs.

An industrial relocation fund of 24-billion-yuan ($3.4 billion) was set up in 2023 and more than 1,600 acres of lands allocated to build industrial parks, Guangdong governor Wang Weizhong said in a report to the annual provincial legislative meetings known as the “Two Sessions” which ended Thursday.