Page 74 - 2022 Special Report on the State of Business in South China
P. 74
Fig 6 Guangdong is the most attractive destination for foreign investment in China
Source: Wind, Statistics Bureau of Guangdong, EY analysis
Recent Policies and Reforms provide stronger support for the comprehensive
construction of socialist modernization.
The Outline of the 14th Five-Year
Plan (2021-2025) for Guangdong Eco- Key Economic Targets:
nomic and Social Development and the
Long-Range Objectives Through the - To achieve a new level economic
Year 203513 development, with a more optimized economic
structure, and a significant increase in the role of
On 25 April 2021, the Outline of the 14th Five- domestic demand as the main driver of economic
Year Plan (2021-2025) for Guangdong Economic growth. The province's GDP will grow at an average
and Social Development and the Long-Range annual growth of about 5.0%, and by 2025 the
Objectives Through the Year 2035 was released. GDP will reach about RMB14 trillion. By 2035, basic
It reviews the achievements of the 13th Five-Year socialist modernization will be achieved.
Plan, analyzes the domestic and international
environment that Guangdong will face in the - The construction of an international
14th Five-Year Plan period, and sets detailed science and technology innovation center in
strategies and targets for the economic and social the GBA achieves phased accomplishment.
development of the whole province. Specifically: National and provincial laboratories, science
and technology infrastructure and other major
Core Principle: Dual-Zone leading innovation platforms will be accelerated, the R&D
investment continues to increase, with a number
Take the opportunities of developing GBA and of core technologies make breakthroughs, and
Shenzhen Socialist Pioneering Demonstration the capacity for independent innovation will be
Zone. The GBA is the main driver to lead the high- significantly enhanced.
quality provincial and national development,
and Guangdong will proactively participate in the - The advanced manufacturing bases
dual circulation strategy, to become a strategic and manufacturing innovation clusters will be
forefront of the new development pattern, to formed. Modern service industry and advanced
manufacturing industry will be deeply integrated,
13 Government site of Guangdong, http://www. strategic emerging industries will continue to
gd.gov.cn/zwgk/wjk/qbwj/yf/content/post_3268751. grow. Digitalization creates significant impacts on
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74
Source: Wind, Statistics Bureau of Guangdong, EY analysis
Recent Policies and Reforms provide stronger support for the comprehensive
construction of socialist modernization.
The Outline of the 14th Five-Year
Plan (2021-2025) for Guangdong Eco- Key Economic Targets:
nomic and Social Development and the
Long-Range Objectives Through the - To achieve a new level economic
Year 203513 development, with a more optimized economic
structure, and a significant increase in the role of
On 25 April 2021, the Outline of the 14th Five- domestic demand as the main driver of economic
Year Plan (2021-2025) for Guangdong Economic growth. The province's GDP will grow at an average
and Social Development and the Long-Range annual growth of about 5.0%, and by 2025 the
Objectives Through the Year 2035 was released. GDP will reach about RMB14 trillion. By 2035, basic
It reviews the achievements of the 13th Five-Year socialist modernization will be achieved.
Plan, analyzes the domestic and international
environment that Guangdong will face in the - The construction of an international
14th Five-Year Plan period, and sets detailed science and technology innovation center in
strategies and targets for the economic and social the GBA achieves phased accomplishment.
development of the whole province. Specifically: National and provincial laboratories, science
and technology infrastructure and other major
Core Principle: Dual-Zone leading innovation platforms will be accelerated, the R&D
investment continues to increase, with a number
Take the opportunities of developing GBA and of core technologies make breakthroughs, and
Shenzhen Socialist Pioneering Demonstration the capacity for independent innovation will be
Zone. The GBA is the main driver to lead the high- significantly enhanced.
quality provincial and national development,
and Guangdong will proactively participate in the - The advanced manufacturing bases
dual circulation strategy, to become a strategic and manufacturing innovation clusters will be
forefront of the new development pattern, to formed. Modern service industry and advanced
manufacturing industry will be deeply integrated,
13 Government site of Guangdong, http://www. strategic emerging industries will continue to
gd.gov.cn/zwgk/wjk/qbwj/yf/content/post_3268751. grow. Digitalization creates significant impacts on
html
74
