Guangdong advised to grow business services
By Qiu Quanlin (China Daily)
Updated: 2007-07-19 09:46
Updated: 2007-07-19 09:46
As a result, many small companies in the Pearl River Delta region tend to seek financial and logistics services overseas, Ding said.
"We must make further efforts to develop the production-demand service industry, to help our local private enterprises expand," Ding said.
Li Zibiao, director of the Guangdong provincial economic and social research center, agreed.
"Enhanced production service development will definitely serve as a strong engine for the province's overall economic growth," he said.
He explained: "Unlike Zhejiang, a province relying on domestic-oriented enterprises for economic development, Guangdong has too many overseas-invested businesses. That's why the banking business for enterprises here has been slowed down."
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