Page 72 - 2020 Special Report on the State of Business in South China
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known economic center as well as a national innovation capacities forge high-level sci-tech
innovation city, speed up its development as a innovation carriers and platforms; (ii) speeding
modernized and internationalized city, and strive up the construction of key sci-tech infrastructure,
to build Shenzhen as a hub featuring innovation cross-research platforms and frontier disciplines
and creativity with international influences. in the Greater Bay Area and focusing on the
promotion of basic research; (iii) optimizing the
Including: regional innovation environment, deepening
the reform of regional innovation systems and
(a) Give play to the leading role of the mechanisms, promoting the transformation of
Guangdong-Hong Kong-Macao Greater Bay scientific and technological achievements, and
Area and make holistic arrangements regarding strengthening the protection and application of
productivity distribution in the nine Pearl River intellectual properties.
Delta cities and in eastern, western and northern
Guangdong Province, in order to drive accelerated III. Build a Modern Industrial System with
development in the surrounding area; (b) build an International Competitiveness
key economic support belt radiating to southeast
and south Asia with the Greater Bay Area The Guangdong Outline proposes to: (i) deepen
taking the lead and the Pearl River-Xijiang River the supply-side structural reform; (ii) make
economic belt being the hinterland, while driving concentrated efforts to cultivate and develop
the development of central south and southwest new industries, new forms of industries and
China; and (c) upgrading the traffic network new patterns; (iii) support the restructuring and
covering the Greater Bay Area and other provinces upgrading of traditional industries; (iv) speed up
and regions in the Pan-Pearl River Delta Region, the development of advanced manufacturing
deepen regional cooperation, develop "enclave and modern service industries; (v) target
economies", promote the flow of resources and advanced international standards while improving
transfer of industries in the Pan-Pearl River Delta industrial development levels; (vi) promote the
Region, and formulate a coordinated system complementary, closely coordinated and joint
of industries enjoying gradient development, development of industries; and (vii) cultivate
reasonable division of labor and complementary world-class industrial clusters.
advantages.
Specific measures include to: (i) speed up
II. Develop an International Sci-Tech the development of advanced manufacturing
Innovation Center industries, strengthen the core competitiveness
of manufacturing industries, optimize the
The Guangdong Outline proposes to pursue layout of manufacturing industries, and speed
in-depth implementation of an innovation-driven up the structural adjustment of manufacturing
development strategy, deepen cooperation in industries; (ii) cultivate and strengthen strategic
regard to innovation among Guangdong, Hong emerging industries, focus on promoting new
Kong and Macao, build a regionally coordinated information technology, biotechnology, high-end
innovation community that seeks open and equipment manufacturing, new materials and
integrated development, converge international other industries; and (iii) speed up and develop
innovation resources, optimize innovation systems modern service industries, focus on key sectors
and policy environments, focus on the promotion and development weaknesses of the service
of capacities to transform sci-tech achievements, industry, and help productive service industries
and build an international sci-tech innovation hub (such as commercial and circulation services)
and a key source of emerging industries. to become more professional and to move
toward the high-end of the value chain, build
Specific measures include: (i) building an open international financial hubs, and advance the
and regionally coordinated innovation community, interconnection of financial markets.
strengthening cooperation with regard to sci-
tech innovation and the construction of basic

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