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CDRF holds conference on "The Development of Nansha New District and the Role of Public Finance"

On 27 July 2023, China Development Research Foundation (CDRF) held a conference to disseminate the research findings of "The Development of Nansha New District and the Role of Public Finance". Experts from Development Research Center of the State Council, State Information Center of NDRC, Tsinghua University, Beijing Normal University, Central University of Finance and Economics, Zhejiang University and PricewaterhouseCoopers exchanged views on how to implement the "Nansha Plan", support the construction of the Guangdong-Hong Kong-Macao Greater Bay Area (GBA), and how to give play to the role of fiscal policy and strengthen policy coordination. The conference was moderated by Li Fan, Director of Research Department 1 of CDRF. Yu Jiantuo, Deputy Secretary General of CDRF, delivered a speech and summary, and Liu Zhiguang, Member of the Party Group of the Guangzhou Municipal Bureau of Finance and Chief Accountant, delivered a speech on the meeting (online).

On behalf of the research team, Yu Jiantuo introduced the main viewpoints of the titular report. He said that GBA is a strategic hub for constructing a new development paradigm, and the introduction of the "Nansha plan" is a key move in the coordinated development of the GBA. The implementation of the Nansha Plan and the construction of the GBA require national, provincial, municipal and district governments to coordinate their work, and to further bring into full play the strengths of the system.

In the exchange and discussion session, Shan Zhiguang, Director of the Department of Informatisation and Industrial Development of the State Information Center, Hu Biliang, Executive Dean of the Belt and Road Institute of Beijing Normal University, Liu Peilin, Chief Expert of the Research Center for Coordinated Regional Development of Zhejiang University, and Bai Yanfeng, Dean of the Graduate School of the Central University of Finance and Economics, shared their findings. Yu Qiao, Professor of School of Public Administration, Tsinghua University, Zhao Fujun, a director of Foreign Economy Research Department, Development Research Centre of the State Council, and Wu Yuying, Partner of Tax and Business Services, PricewaterhouseCoopers, commented on the findings and put forward targeted policy recommendations for the development of Nansha and the construction of GBA from their respective fields.

In September 2022, CDRF and the Guangzhou Municipal Bureau of Finance launched a study on public finance support for the implementation of the “Nansha plan” to facilitate the construction of the GBA. As part of the study, CDRF organized three field research trips to Guangzhou Nansha FTZ, Xiamen FTZ and Hainan FTZ to compare and contrast the construction of FTZs or ports of different regions. CDRF also invited senior scholars from universities, well-known think tanks and other institutions in related fields to carry out thematic research. The findings will be collected and published.

Wang Lu, Program Manager of Research Department 1 of CDRF, Zhao Songyan, Deputy Program Manager of Research Department 3 of CDRF, and Chen Bin, Director of Budget Performance Division of Guangzhou Municipal Finance Bureau and other members of the study attended the conference.