Page 116 - 2024 Special Report on the State of Business in South China

The Outline of the 14th Five-Year Plan
(2021-2025) for Guangdong Technology
and Innovation Development15
Technology innovation is the core of
modernization for Guangdong, on 22 September
2021, the government of Guangdong released a
strategic plan for technology innovation for the
next coming five years. Specifically:
Overall requirements:
In 2025, Guangdong’s overall capacity of science
and technology innovation will be significantly
enhanced and will continue to accelerate the
formation of an innovation-driven economic system
and development model, with major innovation
indicators reaching international advanced levels,
and to solidify the country’s leading position in
science and technology innovation. The GBA will be
initially built up a center of science and technology
innovation with global influence.
Main objectives:
- The overall innovation capability will be
significantly improved, with innovation capability
continuing to be the first in the country. The
average annual growth of R&D expenditure will
reach 10%, and account for 3.5% of GDP. The
construction of the national science center in the
GBA is basically completed.
- The original innovation capability is
significantly enhanced. The proportion of R&D
expenditure in basic research will reach 10%;
the number of high-value invention patents per
10,000 persons will reach 20, and the cumulative
number of overseas authorized invention patents
will reach 80,000.
- The science and technology innovation
system will be increasingly improved. There are
new breakthroughs in the construction of national
laboratories and technology innovation centers.
The innovation capacity of enterprises will also be
improved, and the proportion of R&D expenditure
will take up 1.8% of the revenue.
15 Government site of Guangdong, http://www.
gd.gov.cn/zwgk/wjk/qbwj/yf/content/post_3574221.
html
116
- The efficiency and effectiveness of
innovation will be significantly improved. The
value-added of high-tech manufacturing industry
will account for over 33% of that of the overall
manufacturing industry. The annual technology
contracts will reach RMB500 billion.
- The technology and innovation cooperation
among the GBA will be further expanded, and the
Belt and Road Initiative will also achieve substantial
expansion. Five metropolitan areas16 will enhance
their innovation integration significantly.
Opinions on Promoting the High Qual-
ity Development of Specialized, Refined,
and New Enterprises in Guangdong
Province17
Main objectives by 2027:
- Cultivate over 2,000 specialized, refined,
and innovative “little giants” enterprises
and around 20,000 specialized, refined, and
innovative small and medium-sized enterprises;
promote the listing of 150 specialized, refined,
and innovative enterprises.
- Achieve an overall R&D proportion
of around 5% for specialized, refined, and
innovative enterprises, continuously increase
the proportion of national and provincial R&D
institutions; achieve a coverage rate of 100% for
R&D institutions at or above the municipal level.
- Significant improvement in digitalization
level and continuous improvement in quality brands.
- Accumulated cultivation of more than 15
national level characteristic industrial clusters
of small and medium-sized enterprises, 100
provincial level characteristic industrial clusters
of small and medium-sized enterprises, around
200 public service demonstration platforms,
and entrepreneurship and innovation
demonstration bases.
16 Five metropolitan Area: Guangzhou, Shen-
zhen, the west bank of the Pearl River Estuary,
Shanchaojie, Zhanmao
17 Government site of Guangdong, http://
www.gd.gov.cn/zwgk/gongbao/2023/28/content/
post_4267255.html