Research on Business Environment Issues in Guangdong Qianhai Free Trade Zone

Abstract

At a time when China's economy is entering a new normal and realizing high-quality medium-speed growth, it is inextricably linked to the forty-two years of reform and opening up. As a pioneer of reform and opening up, Guangdong Province has been at the forefront of domestic economic development, demonstrating courage and practice in response to the changes of the times. As China's relationship with the world economy grows closer, changes in the international economy have prompted the deepening of regional economic integration and international trade. The application of free trade in international trade has been increasing, and FTAs have been widely practiced globally. As the world's second largest economic complex, China is still in the developing stage of free trade zone reform and practice compared with other developed countries. Wang Linghao (2019) pointed out that China's value and status in the global economy is increasing, and the development of free trade zones can help to enhance China's position in the global industrial chain. He emphasized that the influence of free trade can be enhanced through the development of free trade zones and the influence of the "Belt and Road" policy. Wang Under the guiding ideology of deepening reform and opening up of FTZs, China has promoted the experimentation and construction of Guangdong Qianhai FTZ and Hainan FTZ. Although the specific research on the business environment of Guangdong Qianhai FTZ has not yet formed a scale, it can be seen from the development research of other domestic FTZs that the business environment has an important impact on the construction of free trade zones. Therefore, this paper will deeply analyze the current situation and relevant initiatives of the business environment in Guangdong Qianhai FTZ from various aspects.