Page 124 - 2025 Special Report

transaction regulations and service system to • The sustainable development of
foster a market-oriented, legal and international Guangdong will enter a new stage. Future
business environment and build a global first-class allocation of manufacturing energy resources will
manufacturing development center. be more rational and the utilization efficiency will
be steadily improved and the carbon emission
Key economic targets: and total emissions of major pollutants will be
further reduced.
• The manufacturing industry will unleash
its growth potential. By 2025, the value-added of • By 2025, the export value of high-tech
manufacturing will account for more than 30% products will account for more than 35% of the
of local GDP and the value-added of high-tech province’s overall export trade and the FDI inflows
manufacturing will take 33% share of the value- in manufacturing will account for more than 20%
added of manufacturing overall. of the province’s FDI inflows. The proportion of
outbound direct investment in manufacturing will
• Innovation will realize new breakthroughs. be more than 10% of the province’s outbound
By 2025, 2.3% of revenue of manufacturing direct investment.
enterprises will be invested into the R&D sector
and the number of effective invention patents of The Outline of the 14th Five-Year Plan
manufacturing industries will reach 230,000. (2021-2025) for Guangdong Technology
and Innovation Development 18
• By 2025, the product qualification rate of
the manufacturing will exceed 94%, the number Technology innovation is the core of
of enterprises receiving the China Quality Award modernization for Guangdong, on 22 September
or nomination will reach 20 and the total labor 2021, the government of Guangdong released a
productivity of the manufacturing will reach strategic plan for technology innovation for the
RMB300,000 per person. next coming five years. Specifically:

• The digital industrialization and industrial Overall requirements:
digitalization will both achieve new breakthroughs.
Guangdong will lead the industrial digitalization, In 2025, Guangdong’s overall capacity of science
intelligent network and IoT’s development in China. and technology innovation will be significantly
By 2025, the number of enterprises that implement 18 Government site of Guangdong, http://www.gd.gov.
IoT digital transformation will reach 50,000. cn/zwgk/wjk/qbwj/yf/content/post_3574221.html

Fig 7 Guangdong will accelerate development of the major and emerging sectors

Source: Government site of Guangdong, EY analysis

124 125