The government has invested 700 million yuan a year to welcome experts and specialists in the last five years
Guangzhou’s talent resources are giving the city a growing presence in the global innovation landscape. In the Guangzhou development district alone, 34 experts from the Chinese Academy of Sciences and the Chinese Academy of Engineering are involved in research projects.
In addition, 64 experts from China’s global recruitment program, three national level professionals enrolled in the country’s recruitment campaign designed for national talent and 16 experts backed by a special State Council bonus, as well as 117 distinct research contributors and entrepreneurs they work in the district.
Han Zhongchao, director of the Stem Cell Technology Research Center, founded a biotechnology joint venture in Singapore in March called Guangzhou Knowledge City, which is funded by the Chinese and Singapore governments.
“Guangzhou has a high scientific research environment,” Han said. “I am convinced that research on stem cell regeneration can develop well here”. Yang Qin, former director of the Guangzhou human resources and social security office , said: “The government has invested 700 million yuan ($ 106.04 million) a year to attract experts and specialists in the last five years, a move unprecedented in the history of the city “.
Guangzhou has issued 2,500 residence permits for talents from abroad, with 32% of these Green Card holders from first-class Chinese cities, such as Beijing, Shanghai and Shenzhen and 14% from overseas.
Ni Pengfei, director of the City Research Center at the Chinese Academy of Social Sciences, said, “Guangzhou is full of young skilled workers, who can compete with other international cities”
The commercial application of the research has seen technological contracts worth 18.26 billion yuan signed in 2015, with 71% of the offers, worth about 13 billion yuan, perfected abroad. “Guangzhou has already become an important center for applied research and has influenced research in Europe, North America and Asia,” said Zhang Yueguo, head of the Guangdong Academy of Social Sciences.
“Guangzhou’s audio transport, energy resources, education and health care are part of the key reasons why leading technology companies like Cisco, Huawei, and ZTE are investing in the city,” said Wang Jianya, CEO of Nokia Shanghai Bell. The Internet of Things has broad application prospects in these areas, added Wang.
The city hosts many industry-leading forums, such as the Fortune Global Forum in December, the main event of the World Routes air networks to be held next year, the 31st World Ports conference of the International Ports Association in 2019 and the 13th Metropolis World 2020 Congress.
Guangzhou has become an important venue for international information, technology, knowledge and professional events, as stated by an official of the Guangzhou government’s foreign affairs office.