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This report by the Global Subsidies Initiative GSI examines the current status of the coal transition in Shanxi and proposes how reform can be managed to ensure that economic, social and environmental factors are built into the process. The report is available to download on the GSI website.


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Navigating the transition: China at a crossroads

In the past three decades, Guangzhou has grown rapidly as an important shipping center, logistics center and trade center in China. With more than 14 million residents, Guangzhou's GDP in reached 1. More importantly, Guangzhou has formed an all-dimensional, multi-layered and wide-ranging opening pattern, and developed into one of the most open regions enjoying the highest degree of market economy.

Its development momentum is strong.

At the Crossroads: Balancing the financial and social costs of coal transition in China (GSI)

In the 21st century, we are very optimistic about the prospects for the development of Guangzhou, and we are glad that the Fortune Global Forum can be held in Guangzhou," Fortune Editor-in-chief Alan Murray told reporters. Nevertheless, Guangzhou does not want to rest content with its past glory of being a commercial center for centuries. Modern technology, represented by the internet and information technology, is seen as an important starting point for the city to achieve a new round of leapfrog development.

Building on its advantages in traditional business and high level of opening, Guangzhou stands out from China's large and medium-sized cities in pursuit of technology-powered development.

Navigating the transition: China at a crossroads | Vanguard United Kingdom

Adopting an open approach to actively engage with the outside world on innovation has been an important part of Guangzhou's strategy to develop into "a hub-type network city". Guangzhou has so far established mechanisms with Belarus, New Zealand, Australia, Britain and Ukraine, among others, for exchange and cooperation in science, technology and innovation, according to Ma Zhengyong, director general of Guangzhou Science, Technology and Innovation Commission.

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