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Another petrochemical giant BASF began to build its largest overseas investment project in Zhanjiang in November 2019, with investment set to surpass billion.

Annual crude output will remain around 200 million tons, or 4 million barrels per day, until 2030, at which point it will start to fall, while natural gas output will reach 380 billion cubic meters by 2050.

Another key measure highlighted by Liu was to deepen the reform of State-owned enterprises, especially mixed-ownership reform, to improve SOEs' corporate governance structures and internal incentive mechanisms.

Another starred complex, the Guangdong International Building, has established a industrial cluster, gathering a group of consulates, overseas education agencies, banks and airlines.

Another example is the establishment of a strategic joint venture with telecom providers PCCW and HKT, as well as the financing arm of online travel agent Ctrip, to deliver a new stand-alone digital retail bank in Hong Kong.