Weekly Updates | China unveils major development targets for 2026 (March 9, 2026)

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China unveils major development targets for 2026

Unveiled on March 5, the 2026 Government Work Report for the first year of the 15th Five-Year Plan (2026-2030) sets the GDP growth target at 4.5% to 5% and export growth at 6.1%, while emphasizing deeper "AI+" integration, new growth drivers, and greater high-standard opening-up—signaling sustained opportunities for foreign investment and international talent. More→

New law unleashes cross-border tech potential in Shenzhen-Hong Kong Zone

The new law aims to introduce facilitation measures for international research talent in Guangdong. Eligible overseas researchers are granted visa-free entry for scientific activities; imported self-use research equipment is exempt from customs duties and value-added tax; and the regulations support the establishment of dedicated international data channels to facilitate secure cross-border R&D data flows. The "Regulations of the Shenzhen Special Economic Zone on the Shenzhen Park of the Hetao Shenzhen-Hong Kong Science and Technology Innovation Cooperation Zone" took effect on March 1. More→

Living in Guangdong

Luxury mall operator SKP confirms first South China store in Guangzhou

Yuexiu Group and Beijing Hualian (SKP) formally agreed on March 2 to co-develop the Guangzhou SKP project on the site of the former horse racing course in the city's Zhujiang New Town central business district. This move marks SKP's first physical store in South China. The Guangzhou SKP is projected to become a "new world-class consumption landmark" with annual sales exceeding 10 billion yuan. More→

Major amateur sports leagues launch across Guangdong's 21 cities

The 2026 Guangdong City Basketball League ("YueBA") and the 2026 Guangdong City Football Super League are set to launch in Guangdong. The upgraded YueBA tips off in March with an east-west division format, while the football super league runs from April through November under a "one city, one home ground" system. As a flagship cultural and sporting event, YueBA is projected to drive local economic growth and tourism development. Recruitment is already underway in cities including Chaozhou and Zhuhai. More→

Travel in Guangdong

Departure tax refund point opens at Pazhou Ferry Terminal, Guangzhou

The tax refund point for departing passengers at the Pazhou Ferry Terminal, Guangzhou, officially began operations on March 1, further enhancing the port's cross-border travel services. Foreign visitors leaving from the terminal can now enjoy a streamlined, one-stop tax refund verification process, significantly improving the convenience of cross-border travel and shopping. More→

Hengqin Port launches major expansion to streamline Macao-Zhuhai travel
Hengqin Port launched a major expansion of its passenger inspection halls on March 2, aiming to nearly double daily clearance capacity to 220,000 trips by Q3 2026. The upgrade will increase the total number of channels to 113, with cooperative inspection e-channels nearly doubling from 24 to 47 for departures to Macao and matching capacity for arrivals. New facial-recognition-enabled smart channels will enable fully automated clearance, reducing peak-hour waiting times by approximately 45%. The project strengthens the "one-hour living circle" between Zhuhai and Macao. More→

Reporter | Xie Maishi

Design | Chen Siyuan, Yang Ling (Intern)

Poster image | VCG

Wang Ziyi (Intern) also contributed to the story.

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