Page 120 - 2025 Special Report

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 industry will be more developed. A multi-level
average annual growth of about 5.0% and by 2025 social security system and health care system will
the 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. National • A more complete legal and regulation
and provincial laboratories, science and technology system will be built, with the capacity of governance,
infrastructure and other major innovation administrative efficiency and credibility of
platforms will be accelerated, the research and government are pronouncedly optimized.
development (R&D) investment continues to
increase, with a number of core technologies make The Outline of the 14th Five-Year Plan
breakthroughs and the capacity for independent (2021-2025) for Guangdong Financial
innovation will be significantly enhanced. Reform and Development 15

• The advanced manufacturing bases On 16 July 2021, the government of Guangdong
and manufacturing innovation clusters will be announced the Outline of the 14th Five-Year Plan
formed. Modern service industry and advanced (2021-2025) for Guangdong Financial Reform and
manufacturing industry will be deeply integrated, Development to strengthen the supervision and
strategic emerging industries will continue to operation of financial institutions. Specifically:
grow. Digitalization creates significant impacts
on industrial development and the value-added Strategic orientations:
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 innovative capital chain and make the full use of the
of urban and rural regional development is 15 Government site of Guangdong, http://www.gd.gov.
significantly improved. cn/zwgk/wjk/qbwj/yf/content/post_3451957.html

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