China Marks 40 Years of Economic Openness


Credit: New China TV

A light show involving 300 illuminated drones has taken place in the Port of Guangzhou in southern China to mark 40 years since China initiated its economic reform and liberalisation.

The drones first formed the year “1978” and then counted up to 2018, before spelling “reform” and “opening up”.

The seven minute demonstration ended with the drones forming the shape of a rocket and the Guangzhou Tower.

Find out how China is asserting itself on the global supply chain by reading a PTI Insight

The event celebrated China’s Open Door policy, the 1978 economic project initiated by then Chinese Premier Deng Xiaping, which sought to liberalise China’s internal markets and encourage foreign investment.

Read more about China's economic development with a Port Technology technical paper

The policy was the beginning of China’s rapid economic growth in the last two decades of the 20th Century, and its self-confidence in the 21st.

China’s latest economic programme is the Belt and Road Initiative (BRI), an inter-regional investment and infrastructure project that the country claims will cost approximately US$900 billion.

Guangzhou, the venue for the light show, was named by Alphaliner in September 2018 as the third fastest growing port in the world, after Colombo and Singapore.

Read more: 

Daily Email Newsletter

Sign up to our daily email newsletter to receive the latest news from Port Technology International.

Supplier Directory

Find out how to get listed

Webinar Series

Find out how to attend

Latest Stories

Cookie Policy. This website uses cookies to ensure you get the best experience on our website.