Guangzhou(Canton) has historically been China’s leading commercial port. The city has a 2,000 year history of open trade. Following the implementation of the reform and opening-up policy, the economic development of Guangzhou became vigorous and has scored remarkable achievements. Since 1992, Guangzhou(Canton)’s overall economic strength has risen to the third position among the country’s 10 largest cities. Guangzhou(Canton) has become a city with relatively strong secondary industry and developed tertiary industry. The city has experienced a concerted economic development and, in the past 20 years, Guangzhou(Canton)’s average annual economic growth rate has been more than 14% per annum. In 2006 the GDP of the city reached RMB 623.6 billion and, according to current exchange rates versus registered population, the per-capita GDP of Guangzhou(Canton) will exceed 11,000 U.S. dollars. With this achievement Guangzhou(Canton) becomes the first city in China Mainland with a per capita GDP of over 10,000 U.S. dollars.