Dezan Shira & Associates Appointed as Investment Agent for Foshan
Dezan Shira & Associates has been appointed by the Bureau of Commerce of Foshan City, as the investment agent of Foshan Business Bureau.
Under this designation, not only does the active role of Dezan Shira & Associates in Foshan and the South China region strengthen, but Dezan Shira is able to encourage new foreign investment and industrial development projects in Foshan.
Foshan’s Presence in South China
Foshan is the third largest city in China’s wealthy Guangdong province in the Pearl River Delta Region, forming a metropolitan area together with the city of Guangzhou. Foshan is also part of The Guangdong-Hong Kong-Macao Greater Bay Area Initiative. In 2017, Foshan achieved a GDP of approx. USD 144.20 billion, ranking 16th among large and medium-sized cities in China.
The city’s economy revolves around manufacturing on six major industry clusters: machinery equipment, household appliances, textile and apparel, non-ferrous metals, ceramics and plastics. Its three most important industrial zones are: The Foshan National Hi-tech Development Zone, The Guangdong Financial High-tech Services Zones and the Sino-European Industrial Service Zone.
Relations with the Foshan government has been promoted by DSA Senior Associate, Giovanni Lovisetti, who, before joining the firm, served the Foshan Government for two years as an internal investment promotion expert.
To learn more business opportunities in China and corporate establishment, please take a look at our China Briefing magazine ‘China Industries Outlook 2018 ’ and ‘New Considerations when Establishing a China WFOE in 2017’.