Page 110 - 2024 Special Report on the State of Business in South China
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Key economic targets: - The construction of ecology will enter a new
realm, with lower energy consumption and faster
- To achieve a new level economic decarbonization progress. Some areas of Guangdong
development, with a more optimized economic will take the lead of achieving carbon peaking.
structure, and a significant increase in the role of
domestic demand as the main driver of economic - The public service system and the cultural
growth. The province’s GDP will grow at an average industry will be more developed. A multi-level
annual growth of about 5.0%, and by 2025 the social security system and health care system will
GDP will reach about RMB14 trillion. By 2035, be fully constructed. With better employment,
basic socialist modernization will be achieved. advanced income distribution structure to
effectuate synchronization of disposable income
- The construction of an international growth and economic development.
science and technology innovation center in
the GBA achieves phased accomplishment. - A more complete legal and regulation
National and provincial laboratories, science system will be built, with the capacity of governance,
and technology infrastructure and other major administrative efficiency and credibility of
innovation platforms will be accelerated, the government are pronouncedly optimized.
research and development (R&D) investment
continues to increase, with a number of core The Outline of the 14th Five-Year Plan
technologies make breakthroughs, and the (2021-2025) for Guangdong Financial
capacity for independent innovation will be Reform and Development12
significantly enhanced.
On 16 July 2021, the government of Guangdong
- The advanced manufacturing bases announced the Outline of the 14th Five-Year Plan
and manufacturing innovation clusters will be (2021-2025) for Guangdong Financial Reform and
formed. Modern service industry and advanced Development to strengthen the supervision and
manufacturing industry will be deeply integrated, operation of financial institutions. Specifically:
strategic emerging industries will continue to
grow. Digitalization creates significant impacts on Strategic orientations:
industrial development and the value-added of core
digital economy will account 20% of regional GDP. - Cooperate with Hong Kong and Macau,
through financial opening-up and interaction to
- A unified, open, orderly competitive promote the cooperation among the GBA in terms
market system will be well organized. Guangdong of human resource, coordination and integrated
will proactively participate in the Belt and Road development of the financial industry, and
Initiative, further explore the higher-level reform accelerate the establishment of an international
and opening-up and maintain stable and high- financial hub.
quality import and export trade, significantly
improve the quality of domestic and international - Make the best utilization of the interaction
investment, and enhance the level of open of the “twin cities” Guangzhou and Shenzhen,
economic development. to create an international first-class financial
business environment. Develop FinTech, high-
- Achieve a new leap in the balance and level financial research and a well-known financial
coordination of regional development. The leading culture to enhance Guangdong’s financial impact
role of the Pearl River Delta will be fully enhanced, domestically and globally.
the coastal economic zone will become the main
area of industrial development, the northern - Take the opportunity of reforming
ecological development zone will receive positive the Shenzhen Stock Exchange to improve the
effect of green development, and the coordination
of urban and rural regional development is 12 Government site of Guangdong, http://www.
significantly improved. gd.gov.cn/zwgk/wjk/qbwj/yf/content/post_3451957.
html
110
realm, with lower energy consumption and faster
- To achieve a new level economic decarbonization progress. Some areas of Guangdong
development, with a more optimized economic will take the lead of achieving carbon peaking.
structure, and a significant increase in the role of
domestic demand as the main driver of economic - The public service system and the cultural
growth. The province’s GDP will grow at an average industry will be more developed. A multi-level
annual growth of about 5.0%, and by 2025 the social security system and health care system will
GDP will reach about RMB14 trillion. By 2035, be fully constructed. With better employment,
basic socialist modernization will be achieved. advanced income distribution structure to
effectuate synchronization of disposable income
- The construction of an international growth and economic development.
science and technology innovation center in
the GBA achieves phased accomplishment. - A more complete legal and regulation
National and provincial laboratories, science system will be built, with the capacity of governance,
and technology infrastructure and other major administrative efficiency and credibility of
innovation platforms will be accelerated, the government are pronouncedly optimized.
research and development (R&D) investment
continues to increase, with a number of core The Outline of the 14th Five-Year Plan
technologies make breakthroughs, and the (2021-2025) for Guangdong Financial
capacity for independent innovation will be Reform and Development12
significantly enhanced.
On 16 July 2021, the government of Guangdong
- The advanced manufacturing bases announced the Outline of the 14th Five-Year Plan
and manufacturing innovation clusters will be (2021-2025) for Guangdong Financial Reform and
formed. Modern service industry and advanced Development to strengthen the supervision and
manufacturing industry will be deeply integrated, operation of financial institutions. Specifically:
strategic emerging industries will continue to
grow. Digitalization creates significant impacts on Strategic orientations:
industrial development and the value-added of core
digital economy will account 20% of regional GDP. - Cooperate with Hong Kong and Macau,
through financial opening-up and interaction to
- A unified, open, orderly competitive promote the cooperation among the GBA in terms
market system will be well organized. Guangdong of human resource, coordination and integrated
will proactively participate in the Belt and Road development of the financial industry, and
Initiative, further explore the higher-level reform accelerate the establishment of an international
and opening-up and maintain stable and high- financial hub.
quality import and export trade, significantly
improve the quality of domestic and international - Make the best utilization of the interaction
investment, and enhance the level of open of the “twin cities” Guangzhou and Shenzhen,
economic development. to create an international first-class financial
business environment. Develop FinTech, high-
- Achieve a new leap in the balance and level financial research and a well-known financial
coordination of regional development. The leading culture to enhance Guangdong’s financial impact
role of the Pearl River Delta will be fully enhanced, domestically and globally.
the coastal economic zone will become the main
area of industrial development, the northern - Take the opportunity of reforming
ecological development zone will receive positive the Shenzhen Stock Exchange to improve the
effect of green development, and the coordination
of urban and rural regional development is 12 Government site of Guangdong, http://www.
significantly improved. gd.gov.cn/zwgk/wjk/qbwj/yf/content/post_3451957.
html
110
