Page 108 - 2024 Special Report on the State of Business in South China
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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
5% and the high-tech service industry increased The Outline of the 14th Five-Year Plan
by 6.9%10. (2021-2025) for Guangdong Economic and
Social development and the Long-Range
As the south gate of China and the starting Objectives Through the Year 203511
point of Maritime Silk Road, Guangdong has
long been one of the most open, dynamic and On 25 April 2021, the Outline of the 14th Five-
innovative regions in China. In recent years, 10 Year Plan (2021-2025) for Guangdong Economic and
provincial laboratories have been built in batches Social Development and the Long-Range Objectives
in Guangdong. Up to date, it has 30 state key labs, Through the Year 2035 was released. It reviews the
430 provincial key labs, 21 high-level innovation achievements of the 13th Five-Year Plan, analyzes
institutes, and 20 Guangdong-Hong Kong-Macau the domestic and international environment that
joint labs. Guangdong will face in the 14th Five-Year Plan
period, and sets detailed strategies and targets for
New business forms like cross-border the economic and social development of the whole
e-commerce and market purchasing have greatly province. Specifically:
lowered the threshold for small and medium
enterprises (SMEs) to conduct international Core principle: Dual-zone leading
trade and spurred foreign businesses to expand
overseas market in the post-pandemic era. Take the opportunities of developing the GBA
and Shenzhen Socialist Pioneering Demonstration
10 Statistics Bureau of Guangdong, http://www. Zone. The GBA is the main driver to lead the high-
gzswzys.gov.cn/Content.aspx?id=921fedce-e97b-4824- quality provincial and national development,
9a77-948c36d4678b and Guangdong will proactively participate in the
dual circulation strategy, to become a strategic
forefront of the new development pattern, to
provide stronger support for the comprehensive
construction of socialist modernization.
11 Government site of Guangdong, http://www.
gd.gov.cn/zwgk/wjk/qbwj/yf/content/post_3268751.
html
108
Source: Wind, Statistics Bureau of Guangdong, EY analysis Recent Policies and Reforms
5% and the high-tech service industry increased The Outline of the 14th Five-Year Plan
by 6.9%10. (2021-2025) for Guangdong Economic and
Social development and the Long-Range
As the south gate of China and the starting Objectives Through the Year 203511
point of Maritime Silk Road, Guangdong has
long been one of the most open, dynamic and On 25 April 2021, the Outline of the 14th Five-
innovative regions in China. In recent years, 10 Year Plan (2021-2025) for Guangdong Economic and
provincial laboratories have been built in batches Social Development and the Long-Range Objectives
in Guangdong. Up to date, it has 30 state key labs, Through the Year 2035 was released. It reviews the
430 provincial key labs, 21 high-level innovation achievements of the 13th Five-Year Plan, analyzes
institutes, and 20 Guangdong-Hong Kong-Macau the domestic and international environment that
joint labs. Guangdong will face in the 14th Five-Year Plan
period, and sets detailed strategies and targets for
New business forms like cross-border the economic and social development of the whole
e-commerce and market purchasing have greatly province. Specifically:
lowered the threshold for small and medium
enterprises (SMEs) to conduct international Core principle: Dual-zone leading
trade and spurred foreign businesses to expand
overseas market in the post-pandemic era. Take the opportunities of developing the GBA
and Shenzhen Socialist Pioneering Demonstration
10 Statistics Bureau of Guangdong, http://www. Zone. The GBA is the main driver to lead the high-
gzswzys.gov.cn/Content.aspx?id=921fedce-e97b-4824- quality provincial and national development,
9a77-948c36d4678b and Guangdong will proactively participate in the
dual circulation strategy, to become a strategic
forefront of the new development pattern, to
provide stronger support for the comprehensive
construction of socialist modernization.
11 Government site of Guangdong, http://www.
gd.gov.cn/zwgk/wjk/qbwj/yf/content/post_3268751.
html
108
