Guangdong has the longest history of practicing an open policy in the Mainland. 3 out of the 4 first Special Economic Zones established in 1979 are in Guangdong province. Over the past 20 plus years, Guangdong has been striving to integrate itself into the international economic system. A new opening-up pattern with all-directional, multilevel and wide-ranging has come into being. I do not understand this phrase. Presently, there are 18 national economic and technological development zones and 64 provincial economic and technological development zones in Guangdong.

Over 200 countries and regions have established trade ties with Guangdong, and over 100 countries and regions have invested in Guangdong. The top 500 multinationals have set up more than 400 enterprises in Guangdong. There are more than 90,000 foreign-invested enterprises and nearly 3,000 representative offices of foreign enterprises have been set up in Guangdong.

Guangdong first put into practice the market-oriented reform which aims at founding a united, orderly, and competitive open market. And now Guangdong is becoming increasingly more market-oriented. The government has, on a large scale, reduced administrative procedures for examination and approval and has abolished the government-fixed price for a great majority of commodities and services.All kind production factors are freely circulated. I do not understand this sentence. State-owned enterprises have been reformed into corporations and have assumed sole responsibility for their own profits and losses. Non-state-owned enterprises have become a significant support to the economic development: the non-state-owned part of industry accounts for more than 80% of the increase in Guangdong industry. Trading is highly market driven with diversified operation subjects and market order is ever standardizing. Free trade environment is getting better and better with comparatively advanced in specialized services and rapid-growing in various agency service. I do not understand this section. Guangdong is leading China and is meeting its targets of setting up an open market – the market economic system is largely established in Guangdong.