Page 114 - 2024 Special Report on the State of Business in South China
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nsaction regulations and service system to productivity of the manufacturing will reach
foster a market-oriented, legal, and international RMB300,000 per person.
business environment, and build a global first-class
manufacturing development center. - The digital industrialization and industrial
digitalization will both achieve new breakthroughs.
Key economic targets: Guangdong will lead the industrial digitalization,
intelligent network and IoT’s development in China.
- The manufacturing industry will unleash By 2025, the number of enterprises that implement
its growth potential. By 2025, the value-added of IoT digital transformation will reach 50,000.
manufacturing will account for more than 30%
of local GDP, and the value-added of high-tech - The sustainable development of Guangdong
manufacturing will take 33% share of the value- will enter a new stage. Future allocation of
added of manufacturing overall. manufacturing energy resources will be more
rational, and the utilization efficiency will be steadily
- Innovation will realize new breakthroughs. improved, and the carbon emission and total
By 2025, 2.3% of revenue of manufacturing emissions of major pollutants will be further reduced.
enterprises will be invested into the R&D sector,
and the number of effective invention patents of - By 2025, the export value of high-tech
manufacturing industries will reach 230,000. products will account for more than 35% of the
province’s overall export trade, and the FDI inflows in
- By 2025, the product qualification rate of manufacturing will account for more than 20% of the
the manufacturing will exceed 94%, the number province’s FDI inflows. The proportion of outbound
of enterprises receiving the China Quality Award direct investment in manufacturing will be more than
or nomination will reach 20, and the total labor 10% of the province’s outbound direct investment.
Fig 7 Guangdong will accelerate development of the major and emerging sectors
Source: Government site of Guangdong, EY analysis
114
foster a market-oriented, legal, and international RMB300,000 per person.
business environment, and build a global first-class
manufacturing development center. - The digital industrialization and industrial
digitalization will both achieve new breakthroughs.
Key economic targets: Guangdong will lead the industrial digitalization,
intelligent network and IoT’s development in China.
- The manufacturing industry will unleash By 2025, the number of enterprises that implement
its growth potential. By 2025, the value-added of IoT digital transformation will reach 50,000.
manufacturing will account for more than 30%
of local GDP, and the value-added of high-tech - The sustainable development of Guangdong
manufacturing will take 33% share of the value- will enter a new stage. Future allocation of
added of manufacturing overall. manufacturing energy resources will be more
rational, and the utilization efficiency will be steadily
- Innovation will realize new breakthroughs. improved, and the carbon emission and total
By 2025, 2.3% of revenue of manufacturing emissions of major pollutants will be further reduced.
enterprises will be invested into the R&D sector,
and the number of effective invention patents of - By 2025, the export value of high-tech
manufacturing industries will reach 230,000. products will account for more than 35% of the
province’s overall export trade, and the FDI inflows in
- By 2025, the product qualification rate of manufacturing will account for more than 20% of the
the manufacturing will exceed 94%, the number province’s FDI inflows. The proportion of outbound
of enterprises receiving the China Quality Award direct investment in manufacturing will be more than
or nomination will reach 20, and the total labor 10% of the province’s outbound direct investment.
Fig 7 Guangdong will accelerate development of the major and emerging sectors
Source: Government site of Guangdong, EY analysis
114
