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Guangdong Development Research Center Led Delegation to Guangdong Gems and Jade Exchange for Study Visit

2017-06-27

      On June 2, 2017, a five-member delegation consisting of principals of Social Science Division in Development Research Center, People’s Government of Guangdong Province and Guangdong Technical Committee for Standardization of Jewelry and Jade, made a study visit to Guangdong Gems & Jade Exchange and Guangzhou Diamond Exchange (hereinafter referred to as GDGJE and GZDE respectively, and the Two Exchanges jointly). 
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     At the symposium, GDGJE General Manager Li Zhiwei and GZDE General Manager Liang Weizhang introduced development history, major business and future plan of the Two Exchanges respectively. The delegation visited the jewelry & gem bonded warehouse (in Panyu Shawan Jewelry Industrial Park). They had discussed with the Two Exchanges about current development of jewelry and diamond industry in China and in Guangdong, international business communication, key directions for breakthrough of the Two Exchanges, the Guangdong-Hong Kong-Macao Greater Bay Area Industrial Alliance development, role of standardization and other major topics. The delegation believed that the jewelry and diamond industry can significantly promote foreign trade and supporting departments such as financial service, marketing, cultural promotion and industrial development. Relying on the strategic positioning of Guangzhou as a pivot city along the Belt and Road and by providing trade policies of free flow of resources, Guangzhou can be developed into a center of distributing jewelry and diamond resources worldwide so as to enhance China's leading role in the development of international jewelry and jade industry while upgrading the influence of the industry in the international arena of politics and economy. In the process, it is necessary to emphasize on establishing standard system and to get more discourse right in the industry. Due to the lack of policy support, the jewelry and diamond processing and manufacturing industry in Guangdong suffers from slow flow of resources. Meanwhile, the structural problems are prohibiting enterprises from participating in the new round of global competition and industrial transformation and upgrading. The Two Exchanges are dedicated to becoming the international trading platform and comprehensive service for the industry, which will help to push forward supply-side structural reform in the jewelry and diamond industry in China, stimulate the investments and consumptions of jewelry and diamond, and the majority of people, instead of government, have jewelry and diamonds.
     As delegation members state, government departments and trade associations will function as the bridge to promote communications between business and government, push forward sustainability of the jewelry and diamond industry, facilitate external cooperation of the Two Exchanges, do a good job in making service and product standards for the jewelry and gem industry in Guangzhou-Hong Kong-Macao Greater Bay Area, so as to facilitate the regulated market growth and promote the development of the Two Exchanges.

 
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